Premarket movers SpaceX rises 1.9% to eye a fourth straight day of gains, reinforcing the company’s place among the world’s largest after it surpassed Amazon by market value. Nvidia is outperforming Magnificent 7 peers with semiconductor shares set for a rebound (Nvidia +0.2%, Amazon unchanged, Apple -0.1%, Tesla -0.2%, Meta -0.4%, Microsoft -0.4%, Alphabet -0.5%) Figma Inc. (FIG) is up 4.2% after Citi initiated coverage of the design software company with a reco of buy on expected growth from artificial intelligence demand. La-Z-Boy (LZB) jumps 16% after the home furniture store’s reported adjusted earnings per share for the fourth quarter beat the average analyst estimate. ResMed (RMD) slips 1% after Morgan Stanley downgraded the stock to equal-weight from overweight, citing lower revenue growth ahead for the maker of breathing machines. Rexford Industrial (REXR) is down 1.4% after JPMorgan analyst Michael Mueller cut the recommendation on the real estate investment trust to underweight from neutral, writing that it’s possible the company will see “muted” or even negative growth in 2028 in core funds from operations per share.