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

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