Stocks making the biggest moves premarket: Cerebras, Micron, FedEx, Wendy's & more

Check out the companies making the biggest moves premarket: Cerebras — The semiconductor company dropped 11% after posting its first earnings report since going public in May. Cerebras reported a first-quarter loss of 22 cents on revenues of $193.4 million. The company also said core gross margin is expected to shrink to between 36% and 38% in the second quarter, compared to 46.5% in the first. FedEx — Shares shed about 6.5% even after the company posted better-than-expected fiscal fourth-quarter results . Those numbers reflected the last before FedEx spun off its freight business. Micron — The memory stock was rising more than 2.5% in premarket trading, rebounding from its 13% fall on Tuesday. It was also climbing ahead of the company's earnings, which are set to be released Wednesday after the bell. Memory stocks — It wasn't just Micron rebounding: other memory stocks were rising after a Tuesday sell-off induced by a sharp decline in tech stocks in South Korea . Sandisk rose more than 2%, while Western Digital was up more than 1%. Seagate Technology rose about 1%. KB Home — The homebuilder added 2.5% after posting fiscal second-quarter revenue of $1.11 billion, beating the $1.10 billion analysts had penciled in, per LSEG. On the other hand, KB Home's earnings of 43 cents per share came under the estimated 45 cents. Worthington Enterprises — The industrial manufacturer tumbled 10% after reporting fiscal fourth-quarter results that missed expectations. …