US PRE-MARKET MOVERS: NVDA, PLTR, PYPL, NXPI, AMZN, WWD, PEP, ADM, MRK, ETN, PFE

ES +0.1% NQ +0.3% RTY +0.1%

• NVDA +0.5%: OpenAI has determined it needs alternatives to NVDA’s latest AI chips in some cases
• PLTR +11.5%: EPS & rev. beat w/ stellar guidance
• PYPL -9.5%: Profit & rev. light
• NXPI -5.7%: In line revs. & slower-than-exp. automotive growth, which outweighed the modest earnings beat
• AMZN +0.7%: Will cut c.2.2k jobs in Washington as part of 16k Co-wide layoffs
• WWD +15%: Top & bottom line beat w/ strong outlook
• PEP -1%: EPS, rev. topped, affirms ’26 outlook & plans to cut prices by up to 15% on snacks due to customer complaints
• ADM -5%: Top line light w/ weak ’26 profit view
• MRK -2%: FY guidance disappoints
• ETN -5.5%: Rev. light w/ next Q & FY profit weak
• PFE -1.4%: Solid Q4 metrics, but midpoint of FY outlook underwhelmed