Stocks making the biggest moves before the bell: Robinhood, Nvidia, Lululemon, Five Below and more

Check out the companies making headlines in premarket trading. Robinhood — The online brokerage rose more than 3% after revealing a $200 million deal to purchase crypto exchange Bitstamp. The deal is expected to close in the first half of 2025. Nvidia — The artificial intelligence darling traded 1.8% higher, building on momentum from Wednesday's rally that pushed the stock's market cap above $3 trillion.

The bank tied its optimistic call to earnings per share potential and discounted valuation. Ultragenyx Pharmaceutical — The biopharma stock added nearly 4% following an upgrade to buy from neutral at Goldman Sachs. The bank said there's upside for the stock "per the diverse rare disease pipeline," and has conviction in the firm's monoclonal antibody treatment to target brittle bone disease.

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