US PRE-MARKET MOVERS: NVDA, CRWV, FIX, OPEN, ED, LYB, AKAM, GRAL, WTTR

Several notable pre-market moves reflect mixed sentiments ahead of the trading day.

Newsquawk StaffPublished On the live feed at 1 more headline followed before this page went public
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Nucor (NUE) announces a share buy back of USD 4bln, replacing the prior, which had roughly 300mln left

Daily US Equity Opening News - CRWV credit concerns arise; LYB slashes dividend; NVDA reportedly close to $30B OpenAI investment

US PRE-MARKET MOVERS: NVDA, CRWV, FIX, OPEN, ED, LYB, AKAM, GRAL, WTTR

US GDP Growth Rate QoQ Adv (Q4) Q/Q 1.4% vs. Exp. 3.0% (Prev. 4.4%, Low. 1.7%, High. 4.4%)

US Core PCE Price Index YoY (Dec) Y/Y 3.0% vs. Exp. 2.9% (Prev. 2.8%, Low. 2.8%, High. 3.1%)

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ES -0.2% NQ -0.3% RTY -0.6%

  • NVDA -0.3%: Reportedly close to a $30B investment in OpenAI, down from prev. $100B that failed to progress a memorandum
  • CRWV -2.2%: OWL reportedly failed to secure financing for $4B data centre project
  • FIX +5.2%: Rev. beat
  • OPEN +18.7%: Q metrics beat
  • ED -4.9%: Adj. net income missed
  • LYB -1.4%: Cut Q div. by ~50% amid challenged markets
  • AKAM -6.7%: Issued weak guidance
  • GRAL -49%: NHS-Galleri trial missed primary endpoint of reducing late-stage cancers
  • WTTR -8.6%: Announced $175M class a common stock offering
Context

NVIDIA's potential $30 billion investment in OpenAI is a highlight despite a decrease from the previous valuation, while Akamai shares plunge due to weak guidance. Overall, the backdrop suggests caution, particularly in sectors like technology and utilities, influencing market sentiment and investment strategies.

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