Stocks making the biggest moves premarket: Intel, Chevron, American Express, Silvergate and more

Check retired the companies making headlines earlier the bell:

Intel — The chipmaker suffered a 9% nonaccomplishment successful its shares successful aboriginal greeting trading aft its latest fiscal results missed analysts' estimates and showed significant declines in the company's sales, nett and gross margin. The institution besides forecasted a nonaccomplishment for the existent quarter.

Advanced Micro Devices — Chip stocks specified arsenic Advanced Micro Devices fell arsenic a radical pursuing Intel's results. Shares of Advanced Micro Devices fell astir 2.4%, portion shares of Nvidia and Micro dipped astir 1.5% each.

Chevron — Shares dipped much than 1% aft Chevron reported its latest net results. The lipid shaper missed net expectations, but topped gross forecasts, according to statement estimates from Refinitiv. The shares had gained connected Thursday aft Chevron raised its dividend and announced a buyback plan.

American Express — Shares of the recognition paper institution roseate 5% contempt weaker-than-expected results for the 4th quarter. American Express reported $2.07 successful net per stock connected $14.18 cardinal of revenue. Analysts surveyed by Refinitiv were looking for $2.22 per stock connected $14.22 cardinal of revenue. However, American Express' guidance for 2023 was amended than anticipated for net and revenue. Also, AMEX said it would beryllium expanding its dividend by 15%.

Ralph Lauren — Shares fell much than 3% aft BMO Capital Markets downgraded the banal to underperform. The concern steadfast said Ralph Lauren's caller rally has gone excessively far.  

Chewy — Chewy shares roseate much than 4% aft Wedbush upgraded the banal to outperform from neutral.

Silvergate Capital — The slope to crypto businesses slid astir 8% aft the institution suspended payments connected its Series A preferred banal dividend, successful an effort to sphere superior arsenic it navigates caller crypto marketplace volatility. The banal has been falling since November, aft crypto speech FTX, for whom Silvergate held deposits, collapsed successful scandal.

Visa — The outgo web relation reported beardown fiscal results for its astir caller quarter, including adjusted net per stock of $2.18 and gross of $7.94 billion. Analysts expected $2.01 per stock successful adjusted net and $7.70 cardinal successful revenue, according to Refinitiv. Visa shares roseate astir 1% successful premarket trading.

Hasbro — Shares of the artifact shaper slid much than 5% aft the institution said it would eliminate astir 1,000 worker positions and warned of anemic holiday-quarter results. The layoff of astir 15% of its planetary workforce comes arsenic the institution seeks to prevention betwixt $250 cardinal and $300 cardinal annually by the extremity of 2025.

KLA — Chip shaper KLA Corporation declined astir 4.6% aft issuing weaker-than-expected guardant guidance for its fiscal 3rd quarter. Otherwise, KLA reported a bushed connected net and gross expectations.

— CNBC's Tanaya Macheel, Yun Li and Jesse Pound contributed reporting