US PRE-MARKET MOVERS: Renewables, Neoclouds, Hyperscalers, SPCX/TSLA, ORCL, SPCX, TSLA, AMD, SMCI, ANET, SWKS, DOX, DDOG, BKNG, AMGN, XYZ

ES +1.1% NQ +0.4% RTY +1.7%

• Renewables gain FSLR +7.5% PLUG +7% ENPH +4.5% w/ clean energy ETF ICLN +4.8%
• Neoclouds pressured CRWV -6.2% IREN -5.4% NBIS -3.2% w/ neocloud ETF NCLD -7%
• Hyperscalers strengthen AMZN +3.8% MSFT +2.7% GOOG +1.2%
• NVDA -1.5% VRT -6.5% ORCL -3.5% weighed on by less buildout
• SPCX -5.8% TSLA -4.5% given where they operate AI supercomputer infra. from

• ORCL -3.5%: Cancelled $7bln 5yr AI chip leasing agreement w/ Tencent following pressure from Trump admin
• AMD +0.4% SMCI +0.6%: Reversed a lot of strength post-strong earnings
• ANET +4.5%: EPS & rev. beat w/ strong next Q outlook
• SWKS -11.5%: Poor next Q guidance
• DOX -36%: Dismal outlook driven by significant T-Mobile headwinds incl. ongoing legal dispute
• DDOG -11.5%: Q3 beat but flat sequential growth
• BKNG +4.2%: Profit surpassed Wall St. exp.
• AMGN +5.5%: Strong Q metrics alongside lifting FY view
• XYZ +10%: Top, bottom surpassed Wall St. exp. & raised FY profit view