US PRE-MARKET MOVERS: NVDA, MSFT, CSCO, CBRS, FLO, MOD, PANW

ES +0.3% NQ flat RTY +0.1%

• NVDA +1.5%: Attempts to pare recent Huang induced losses
• MSFT -1.1%: Struggling to restore Teams, Outlook & Copilot following a global outage
• CSCO -3%: Slowing product order growth & softer AI orders from hyperscale customers overshadowed strong results & guidance
• CBRS +12%: EPS & rev. beat w/ strong next Q guidance alongside lifting FY26 top line outlook
• FLO -8.9%: Top, bottom line light & lowers FY view
• MOD +34%: Samsung Electronics is in talks to acquire the Co.
• PANW +2.5%: Upgraded at KeyBanc
• Anthropic’s IPO is reportedly around 6x oversubscribed