US PRE-MARKET MOVERS: AMD, NVDA, SLAB, ENPH, SMCI, LLY, TTWO, GEHC, CTVA, MDLZ, CMG, COR, UBER

ES +0.2% NQ flat RTY +0.5%

• AMD -8.5%: Strong report; however investors focused on next Q outlook, which topped, but didn't meet lofty exp. amid accelerating AI-related spending
• NVDA +0.7%: Planned sales of H200 AI chips to China remain stalled pending a US national security review
• ARM +1.7% GOOGL +1% QCOM +0.3%: Ahead of earnings after-hours
• SLAB +25%: To be acquired by Texas Instruments for $231/shr or $7.5bln; SLAB closed Tues. at 136.62
• ENPH +24%: Top & bottom line surpassed exp. w/ strong outlook
• SMCI +12%: EPS, profit topped & raised annual rev. guidance
• LLY +9%: Top & bottom line beat alongside strong FY view
• TTWO +5%: Q bookings topped & issued stronger than exp. guidance
• GEHC +2.5%: EPS & rev. topped w/ strong FY guidance
• CTVA -1.7%: Q4 rev. miss on seasonal timing shifts that pushed deliveries into Q1
• MDLZ -4%: Cautious FY guidance & ongoing cocoa cost headwinds
• CMG -6%: FY26 comp. sales view light
• COR -5.5%: Weak rev. print
• UBER -5.5%: Next Q guidance underwhelmed