US pre-market stock movers were led by NVIDIA (NVDA) which jumped 0.8% after several of its Chinese customers received H20 licenses. Intel (INTC) also saw a gain of 0.5% due to leadership changes within the company. On the other hand, Dell (DELL) experienced a decline of 1% as its CFO will be resigning on September 9th after nearly 30 years with the company.

Other notable movers included Satscope (SATS), which saw a gain of 4% after the FCC closed its investigation into the company following the $17 billion wireless spectrum sale to SpaceX and a separate spectrum deal with T-Mobile. Teck (TECK) was up 14% in pre-market trading, indicating a possible acquisition by Anglo American. TRML (TRML) soared 58% after Novartis announced it would be acquiring the company for $48 per share, valuing it at around $1.4 billion. Finally, Nutanix (NBIS) saw a gain of 50% after signing a $17.4 billion 5-year AI infrastructure deal with Microsoft (MSFT).

In other news, Tesla (T) reaffirmed its FY25 guidance and capital return plans, despite a minor decline in pre-market trading.

Overall, these movers highlight the ongoing competition and innovation within the tech industry, as well as the potential for M&A activity to shape the landscape of the sector. Stay tuned for more updates and analysis!