US PRE-MARKET MOVERS: NVDA, MU, BABA, NXT, NBIS, SATS, WIX
The pre-market movements highlight significant volatility among key stocks, particularly in tech and telecommunications sectors.
OPEC MOMR (Apr – Does not incorporate UAE leaving): In April, crude oil production by countries participating in the DoC decreased by 1.74mln BPD M/M to average about 33.19mln BPD, according to available secondary sources
Alibaba (BABA) CEO says its ability to supply AI demand is not able to keep up with all the growth in demand; rapid grown in model-as-a-service business will have a very positive impact on gross profit margin over the next few quarters
US PRE-MARKET MOVERS: NVDA, MU, BABA, NXT, NBIS, SATS, WIX
[UPDATED] PREVIEW: Trump-Xi Summit to take place in Beijing on May 14th-15th - REFILE
RWE (RWE GY) Q1 Earnings Call Summary: confirmed FY26 guidance and said "we are therefore even more confident of achieving our full year targets"
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ES +0.2% NQ +0.7% RTY +0.2%
- NVDA +2.2%: CEO Huang joins Trump’s China trip, igniting hopes for a H200 deal
- MU +5.9%: BofA raised its PT on Co. to $950 (prev. $500)
- BABA -2%: Rev. way light
- NXT +14%: EPS & rev. topped alongside raising FY top line guidance
- NBIS +13%: Adj. EBITDA & rev. beat
- SATS +4.5%: FCC approved Cos. $40bln sale of wireless spectrum to T & SpaceX
- WIX -15%: Top & bottom line disappointed
Re. Trump/Xi meeting, CEO’s/senior execs attending are:
- AAPL -0.2%
- BLK flat
- BX -0.2%
- BA +0.6%
- CSCO -0.1%
- C -0.5%
- COHR +8%
- GE -0.1%
- GS -0.3%
- ILMN +1.4%
- MA -0.6%
- META -0.4%
- MU +5.9%
- NVDA +2.2%
- QCOM +4.3%
- TSLA +1.1%
- V -0.5%
NVIDIA's rise might be fueled by optimism regarding a potential U.S.-China trade deal, which could impact supply chains, while Micron's strong performance reflects positive sentiment from an analyst upgrade. Meanwhile, Alibaba’s downward adjustment underscores ongoing revenue concerns, suggesting a cautious sentiment in the broader market, especially for Chinese equities.
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