US PRE-MARKET MOVERS: NVDA/MSFT, QCOM/INTC/AMD, DELL/HP/ARM, NTNX, CDNS, HPE, TMHC, FDX, YUM, SMMT, IBM
SourceNewsquawk
SectionUS Equities
ES +0.3% NQ +0.2% RTY -0.2%
- NVDA +2.5% & MSFT +4% unveiled RTX Spark, Windows AI superchip, to bring AI directly to personal computers
- As a result, chipmaking competitors fell QCOM -10% INTC -6% AMD -4%, while Cos. who work with NVDA's computer chip gain DELL +1.2% HP +2.3% ARM +12%
- NTNX +5%: Announces Nvidia certification of Nutanix Unified Storage solution
- CDNS +8%: Announces fully autonomous virtual agentic AI design engineer
- HPE +5.7%: Introduces CPU server with Nvidia Vera CPU
- TMHC +23%: Berkshire Hathaway agreed to buy Co. for $8.5bln & will pay $72.50/shr; closed Fri. at 58.50
- FDX announced the completion of its spin-off of $FDXF, FedEx Freight Holding
- YUM flat: In talks to sell its Pizza Hut brand to LongRange Capital
- SMMT +2%: Phase 2 Chinese trial showed Cos. experimental lung cancer drug reduced the risk of death by 34%
- IBM +12%: Barclays initiated coverage at an 'Overweight' rating.