As the market gears up for the day, several key stocks are making significant moves in pre-market trading. Here’s a quick rundown of the notable shifts:

Index Futures

• ES (S&P 500 Futures): +0.6%
• NQ (NASDAQ Futures): +1.1%
• RTY (Russell 2000 Futures): +0.4%

Noteworthy Stock Movers

NVIDIA ($NVDA) +2.2%
NVIDIA sees a strong pre-market boost, up 2.2%, driven by its latest development of an AI chip tailored for the China market. This move is expected to solidify NVIDIA’s position in the rapidly expanding AI sector.

Apple ($AAPL) +1.1%
Apple’s stock is up by 1.1% after Wells Fargo raised its price target to $275 from the previous $225 ahead of the company’s earnings report. Wells Fargo anticipates that Apple Intelligence will drive a significant upgrade cycle, contributing to robust growth.

Bank of America ($BAC) -1%
Bank of America slips 1% in pre-market trading. This comes after Berkshire Hathaway sold approximately 33.9 million shares of BAC, amounting to $1.48 billion last week.

Verizon ($VZ) -4.2%
Verizon shares are down 4.2% following a revenue miss and disappointing growth in FIOS subscribers, causing concern among investors about the company’s future performance.

CrowdStrike ($CRWD) -5.5%
CrowdStrike faces a significant pre-market drop of 5.5% after being downgraded by multiple brokers. This reaction follows an incident on Friday that raised questions about the company’s short-term outlook.

IQVIA Holdings ($IQV) +6.5%
IQVIA Holdings jumps 6.5% as it beats both EPS and revenue expectations and raises its guidance for FY24. This positive performance is drawing strong investor interest.

Boeing ($BA) +0.8%
Boeing is up 0.8% after securing its first contract since pleading guilty to charges related to safety issues. This new contract is seen as a step towards rebuilding trust and business momentum.

Amazon ($AMZN) +1%
Amazon rises 1% on the news that it is expanding its pharmaceutical offerings to Japan, signaling the company’s ongoing diversification and growth in the healthcare sector.

Abercrombie & Fitch ($ANF) +4%
Abercrombie & Fitch enjoys a 4% boost after JPMorgan upgrades the stock, citing continued broad-based demand for its products, which bodes well for the retailer’s future.