Stocks making the biggest moves premarket: Nike, Trump Media & Technology, Infinera

Check out the companies making headlines before the bell. Nike — Nike shares sank more than 14% after the athletic retailer posted disappointing revenue for the recent quarter and cut its guidance, saying it expects sales to drop 10% in the current period. The company now estimates fiscal 2025 sales will fall in the mid-single digits. Trump Media & Technology — Shares of Trump Media & Technology jumped more than 10% on the heels of the first presidential debate between former President Donald Trump and current President Joe Biden. Many viewed Biden’s performance as disappointing . Infinera — Infinera shares popped 19%. Nokia announced plans to buy the networking solutions supplier for $2.3 billion. Digital Realty Trust — The real estate investment trust added 1.7%. JPMorgan upgraded Digital Realty Trust to overweight, saying that shares look poised to benefit from AI and cloud growth. SAP — SAP rose about 1% before the bell. BMO Capital Markets upgraded shares to outperform and lifted its price target, citing “high visibility” into bookings and revenue. — CNBC’s Jesse Pound contributed reporting.