US PRE-MARKET MOVERS: NVDA, CHKP/PANW, INFY, WFC, BAC, RIVN

Today's pre-market movers showcase mixed sentiment among major equities.

Newsquawk StaffPublished On the live feed at 4 more headlines followed before this page went public
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Wells Fargo (WFC) CFO sees the pace of loan growth picking up - conference call

US military opens new air defense coordination cell in Qatar

US PRE-MARKET MOVERS: NVDA, CHKP/PANW, INFY, WFC, BAC, RIVN

Bank of America (BAC) CFO says we feel very good about our investment banking pipeline over the year ahead

German Government Spokesperson says the government will examine its trade volume with Iran closely

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ES -0.3% NQ -0.5% RTY -0.2%

  • NVDA -0.8%: US approved selling H200 AI chips to China, subject to sufficient US supply, security assurances & non-military use
  • CHKP -3% PANW -3%: China banned cybersecurity software from various firms W/ banned firms incl. PANW & CHKP
  • INFY +2.2%: Rev. & op. margin missed, but FY rev. outlook impressed
  • WFC -1%: Top & bottom line light
  • BAC +1.5%: EPS, rev., NII beat w/ provision for credit losses less than exp.
  • RIVN -3%: Downgraded at UBS
Context

NVIDIA's slight decline follows the nuanced approval for AI chip sales to China, while cybersecurity firms like Check Point and Palo Alto Networks face pressure due to recent bans from the Chinese government. Financials also reflect divergent performances, with Bank of America outperforming despite Wells Fargo's disappointing results, highlighting ongoing sector volatility and differing outlooks.

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