US PRE-MARKET MOVERS: Mag-7, MU/SNDK/STX/WDC, EQIX, MSI, MCD, CSCO, TYL, APP

The pre-market movers indicate mixed earnings responses, with significant upside for semiconductors like Micron and Kioxia, driven by a boost in NAND flash prices due to strong AI demand.

Newsquawk StaffPublished On the live feed at 6 more headlines followed before this page went public
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US PRE-MARKET MOVERS: Mag-7, MU/SNDK/STX/WDC, EQIX, MSI, MCD, CSCO, TYL, APP

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ES +0.2% NQ +0.2% RTY +0.6%

  • Mag-7: NVDA +1% GOOGL +0.4% MSFT +0.3% TSLA +0.3% META +0.3% AMZN flat AAPL -0.6%
  • iPhone sees China growth in January
  • Kioxia’s issues stellar outlook, reflecting a surge in NAND flash memory prices & strong demand for the data storage needed for AI; MU +4% SNDK +6.6% STX +3% WDC +3.5%
  • EQIX +11%: Strong next Q & FY view
  • MSI +5%: EPS & rev. topped w/ stronger than exp. FY outlook
  • MCD +0.7%: EPS, rev. & comp. sales all impressed
  • CSCO -7%: Issued guidance that only met exp., disappointing traders, despite reporting better-than-anticipated Q results
  • TYL -7%: Top & bottom line light as was FY rev. midpoint guide
  • APP -7.5%: Results impressed but desks note fell shy of buy side estimates
Context

Conversely, Cisco and Tyler Technologies disappointed with lackluster guidance, contributing to notable pre-market declines for their stocks. Overall, the mixed results highlight a selective market sentiment where AI and data storage sectors show robust growth, while traditional players face scrutiny over future projections.

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