Investors Focus on Trump Media, Alphabet, and Verizon Amidst Pre-Market Moves

Trump Media & Technology rose 1.5% premarket after announcing $2 billion in bitcoin and related securities. Verizon Communications gained 0.4% after beating Q2 earnings estimates and upgrading its profit forecast. Archer Aviation fell 3% after a judge allowed a lawsuit to proceed alleging misleading shareholders. Alphabet rose 0.4% with analysts raising price targets ahead of its earnings report. Opendoor Technologies surged 14% after a social media post by investor Eric Jackson.

Trump Media & Technology Group (TMG) saw its shares rise 1.5% premarket after announcing a significant investment in Bitcoin and related securities. The publicly traded firm, which owns Truth Social, disclosed that it has purchased $2 billion worth of Bitcoin and BTC-related securities for its corporate treasury. This move represents the majority of the company's $3 billion in liquid assets [1].

TMG's CEO and President, Devin Nunes, stated that these assets will help ensure the company's financial freedom, protect against potential discrimination from financial institutions, and create synergies with the utility token planned for the Truth Social ecosystem. The firm plans to use its Bitcoin holdings to generate revenues and potentially acquire additional crypto assets [1].

Verizon Communications, another notable player in the market, gained 0.4% after releasing its second-quarter 2025 earnings report. The company beat analysts' estimates and upgraded its profit forecast. Verizon reported strong financial performance, with significant increases in net income, adjusted EBITDA, earnings per share (EPS), and cash flow. The company's wireless service revenue grew to $20.9 billion, up 2.2% year-over-year, while total operating revenue reached $34.5 billion [2].

On the other hand, Archer Aviation fell 3% after a judge allowed a lawsuit to proceed, alleging misleading shareholders. The lawsuit could potentially impact the company's reputation and financial stability. Meanwhile, Alphabet Inc. rose 0.4% with analysts raising their price targets ahead of the tech giant's upcoming earnings report. Opendoor Technologies surged 14% following a social media post by investor Eric Jackson, which suggested positive developments for the company.

References:
[1] https://decrypt.co/331015/trump-media-2-billion-bitcoin-corporate-treasury
[2] https://www.verizon.com/about/news/verizon-raises-financial-guidance-adjusted-ebitda-adjusted-eps-and-free-cash-flow