Intel, Amazon, Nvidia, Snap fell premarket; Apple, Exxon rise

Investing.com -- U.S. stock fell sharply Friday ahead of the release of the key nonfarm payrolls number, while tech earnings dominated sentiment.

Here are some of the biggest premarket U.S. stock movers today

• Intel (NASDAQ:) stock slumped 21% after the chipmaker suspended its dividend and slashed its workforce to fund a costly turnaround for its chip-making business.

• Amazon (NASDAQ:) stock fell 8.3% after the online retail giant reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases.

• Apple (NASDAQ:) stock rose 0.6% after the iPhone maker posted better-than-expected third-quarter iPhone sales and forecast more gains betting on AI to attract buyers.

• Nvidia (NASDAQ:) stock fell 3.6% following a report that the chipmaker is facing a probe from the U.S. Department of Justice over complaints from it is abusing its market dominance in developing advanced chips for artificial intelligence.

• Exxon Mobil (NYSE:) stock rose 0.7% after the oil major posted a better-than-expected second-quarter profit based on rising output from its purchase of shale oil firm Pioneer Natural Resources (NYSE:).

• Chevron (NYSE:) stock fell 0.5% after the oil company reported second-quarter earnings that missed expectations due to industry-wide pressure from lower refining margins and prices.

• Snap (NYSE:) stock fell 17% after the Snapchat owner forecast current-quarter results below expectations as it grapples with stiff competition from larger rivals for advertising dollars in an uncertain economy.

• Block (NYSE:) stock rose 3.5% after the payments firm raised its forecast for annual adjusted core earnings on Thursday and unveiled a $3 billion buyback plan, betting on resilient consumer spending.

• Cloudflare (NYSE:) stock rose 6.2% after the software company raised its annual revenue and profit forecasts after a strong quarter.