US PRE-MARKET MOVERS: AAPL, META, NKE, LITE, NOW, Application Software names, Memory names

ES +0.1% NQ +0.1% RTY flat AAPL -0.7%: Led global smartphone shipments in Q1, +5% Y/Y, even as overall shipments fell due to a shortage of memory components META +0.6%: Upgraded at CFRA NKE -0.6%: Downgraded at Piper Sandler LITE +5.5%: Demand from US hyperscalers for its optical components is accelerating & on track to fill its order books through ‘28 NOW -1.6%: Downgraded at UBS Citi "turning more selective" in the application software group w/ 6 downgrades; SMWB -3.4% DOCU -2.2% VEEV -1.4% NICE -1.4% ADSK -1% CCC -0.9% Mizuho reiterated ‘Outperform’ rating on memory, storage group & raised PT on some names incl. SNDK +2.5% & WDC +1.7%