In today’s pre-market stock movements, AI-related stocks are making waves, while others struggle. Oracle (ORCL) is leading the pack with a whopping 31% gain, fueled by a bullish cloud outlook that has lifted hopes for AI infrastructure. This boost has also extended to other AI-linked stocks, such as NVIDIA (NVDA), which is up 2.5%.

Meanwhile, Salesforce (TSM) is seeing a 2.5% gain after reporting an impressive August revenue growth of 34% year over year. However, the party’s not all fun and games for every stock. Synopsys (SNPS) is experiencing a rough morning, with both earnings and revenue missing expectations and dismal long-term guidance. The company is down 22%.

Bill.com (BILL) is bucking the trend, rallying 6.5% after news broke that activist investor Elliott Management has taken a roughly 5% stake in the company, making it its second activist investment after Starboard disclosed an 8.5% stake. This comes as no surprise, given Bill.com’s impressive growth potential and the ongoing shift towards digital payments.

Gaming and entertainment stocks are also making headlines. GameStop (GME) is up 10% after reporting better-than-expected earnings and revenue, while NetApp (NVO) is down 2% after announcing plans to cut 9,000 jobs and lower its profit view.

In other news, TikTok has successfully challenged an EU levy, while NIO (NIO) is set to offer 181.8 million Class A shares in a proposed equity offering.

Finally, Nike (NKE) is up 1.8% after being upgraded by TD Cowen, while HP Inc. (HPQ) is down 1% after being downgraded by Evercore.

Overall, the pre-market movers are painting a mixed picture of the market, with AI and digital payments stocks shining brightly, while others struggle to keep up.