As we head into the US market open, futures are trending higher, with major indices showing solid pre-market gains:

  • S&P 500 (ES): +0.7%
  • Nasdaq 100 (NQ): +0.8%
  • Russell 2000 (RTY): +0.8%

Here’s a look at some of the biggest pre-market movers:

Nvidia (NVDA) +0.8%

Nvidia delivered strong earnings, with both revenue and earnings per share (EPS) beating expectations. The company’s data center revenue surged, driven by increasing demand for AI chips. First-quarter sales guidance also topped estimates, though gross margins are expected to ease slightly. After-hours trading was volatile following the report.

Salesforce (CRM) -4%

Salesforce shares are under pressure after the company missed revenue expectations. Subscription and support revenue fell short, and guidance for the upcoming quarter came in below forecasts. However, EPS did beat expectations.

Snowflake (SNOW) +13%

Snowflake surged pre-market after reporting strong earnings. Both EPS and revenue came in above estimates, boosting investor confidence.

Synopsys (SNPS) +3%

The software company posted solid earnings, with both top- and bottom-line results exceeding expectations.

Nutanix (NTNX) +15%

Nutanix saw a strong rally after reporting better-than-expected EPS and revenue. The company also issued strong full-year revenue guidance, further fueling investor optimism.

Paramount Global (PARA) -2%

Paramount disappointed investors with a surprise loss per share and a revenue miss, leading to a decline in pre-market trading.

eBay (EBAY) -8%

Despite beating EPS, revenue, and gross merchandise volume (GMV) expectations, eBay provided weaker-than-expected Q1 revenue guidance, causing shares to slide.

Meituan (MGBYY) -1%

The Chinese food delivery giant announced plans to cut 15% of its workforce in China, weighing on its stock price.

With a mix of strong earnings beats and disappointing guidance, today’s market session is shaping up to be eventful. Keep an eye on these names as trading begins.

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