🟢 Powell Industries is trading 11.94% up in pre-market as AI-exposed equipment suppliers recover

Powell Industries is trading at $139.99 (+11.94%) in pre-market, alongside a recovery in AI-exposed equipment suppliers.

• The move follows consecutive steep declines; available reporting does not establish a company-specific catalyst.
• No new company-specific announcement surfaced for November 6. Powell Industries scheduled fiscal fourth-quarter and full-year results for November 16, after the market close.
• Reuters reported Nasdaq futures rose as chip stocks stabilized after a technology-led sell-off.