US PRE-MARKET MOVERS: NVDA, JEF, STZ, APLD, RTX, ABBV, RVMD, GOOGL, MQ, AA, NKE

Today's pre-market movers in the US highlight several significant stock reactions.

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US PRE-MARKET MOVERS: NVDA, JEF, STZ, APLD, RTX, ABBV, RVMD, GOOGL, MQ, AA, NKE

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

  • NVDA +0.30%: China is set to approve some NVDA H200 chip purchases as soon as this quarter.
  • JEF -2.75%: Investors take focus on loss linked to First Brands exposure despite earnings beat.
  • STZ +2%: Delivered an earnings beat.
  • APLD +4.6%: Adj. EPS & rev. topped expectations.
  • RTX +4.5%, LMT +7.9%, NOC +8.4%: Trump says military budget should be raised to $1.5T from $1.0T.
  • ABBV -1.1%: Lowered FY adj. EPS view; rejected reports its to acquire RVMD -7.3%.
  • GOOGL +1.1%: Upgraded at Cantor Fitzgerald to 'Overweight' from 'Neutral'.
  • MQ -9.5%: Downgraded at Mizuho to 'Neutral' from 'Outperform'.
  • AA -4.0%: Downgraded at JPMorgan to 'Underweight' from 'Neutral'.
  • NKE -1.1%: Downgraded at Needham to 'Hold' from 'Buy'.
Context

Nvidia (NVDA) is benefiting from potential approvals for chip sales in China, which could support its growth, while Constellation Brands (STZ) and Apld (APLD) delivered earnings beats, sending their shares higher. Conversely, AbbVie (ABBV) lowered its earnings outlook, which combined with downgrades for Nike (NKE) and Alcoa (AA) suggests shifting sentiment and potential caution in the sector.

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