US PRE-MARKET MOVERS: NVDA, AMD, INTC, TSM, MCHP, UAA, VST, OS, MBLY, LEN

The pre-market movers indicate a positive sentiment around semiconductor stocks, particularly as NVIDIA, AMD, and Intel all report advancements in their chip technologies, which suggests robust demand and innovation in the sector.

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UK PM's spokesperson says talking to hospitality sector about more support

AIG (AIG) CEO Zaffino to retire by mid-year and Andersen named CEO-elect, via Bloomberg TV

US PRE-MARKET MOVERS: NVDA, AMD, INTC, TSM, MCHP, UAA, VST, OS, MBLY, LEN

Morgan Stanley forecasts gold would hit USD 4,000/oz by Q4 '26, citing falling interest rates, a change in Fed leadership, and buying by central banks and funds

US BROKER MOVES: MCHP upgraded at Cantor; WFC & KEY downgraded at Baird

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ES flat NQ +0.1% RTY -0.2%

  • NVDA +0.5%: CEO Huang said next gen of chips is in full production & there is strong demand from China for H200 chips
  • AMD +0.6%: Showcased MI455 & MI440X AI chips at CES & previewed MI500 processors, which are set to launch in 2027
  • INTC +1%: Launches next-gen PC chip at CES in Las Vegas
  • TSM +2.3%: Reportedly planning to build 12 wafer fabs in Arizona
  • MCHP +4%: Lifts Q3 rev. view
  • UAA +2.8%: Fairfax Financial disclosed a larger stake & now holds ~42mln shares or 22% of Co.
  • VST +4.6%: Agreed to buy Cogentrix Energy’s 10 gas-fired power plants from Quantum Capital Group for c. $4.7bln
  • OS +21.5%: Buyout firm Hg Capital is nearing a deal to take Co. private
  • MBLY +4.5%: Upgraded at JPM
  • LEN -1.2%: Downgraded at UBS
Context

In contrast, Lennar's downgrade may reflect concerns in homebuilding amidst potential market headwinds. Overall, this mixed performance highlights key industry trends that traders should watch closely for broader implications across tech and consumer sectors.

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