US PRE-MARKET MOVERS: AMD/INTC, DAL, JPM, CAH, BLK, ALB, AA, SNPS

ES -0.1% NQ -0.2% RTY -0.2%

• AMD +2.5% INTC +3.7%: Upgraded at KeyBanc
• DAL -5.2%: FY26 EPS guidance misses exp.
• JPM +0.7%: 2026 NII outlook impresses
• CAH +2.8%: Raises FY26 guidance
• BLK flat: Cutting hundreds of jobs, reducing global headcount by c. 1%
• ALB +2.5%: Upgraded at Deutsche Bank
• AA -2%: Downgraded at Wells Fargo
• SNPS -2.2%: Downgraded at Piper Sandler