5 Things to Know Before the Stock Market Opens
The U.S. Department of Justice says Alphabet’s (Google) Google should be forced to divest Chrome browser; Nvidia (NVDA) shares lower in pre-market trading as investors react to slowing growth Artificial Intelligence (AI) Chipmakers; U.S. stock futures edged higher as investors scrutinize tech earnings and monitor geopolitical developments; Bitcoin (Bitcoin USD) hit $98,000, helping push up MicroStrategy shares (Magnetic transmission technology) and Mara Holdings (Mara); and snowflake (Snow) shares surged after the data analytics software maker forecast its fiscal 2025 product revenue to be better than its previous forecast. Here’s what investors need to know today.
1. The U.S. Department of Justice says Google should spin off the Chrome browser
The U.S. Department of Justice (DOJ) said in documents filed with a federal judge that Alphabet (Google) Google should Chrome browser for sale,follow August court ruling The tech giant holds an illegal monopoly in search. Losing control of Chrome, which controls two-thirds of the search market, would hurt Google, which requires browsers to measure user activity and use that data to target ads — which it maximum income source. Google said it plans to submit its own proposal next month to comply with the court’s ruling. Alphabet shares fell 0.5% in premarket trading.
2. Nvidia shares fell as investors were disappointed with earnings that beat expectations
Nvidia stock (NVDA) prices fell less than 1% in post-market trading at the chipmaker Earnings report beats expectations But maybe not what investors expected. Nvidia’s third-quarter revenue nearly doubled year-on-year to a record $35.08 billion, and net profit more than doubled to $19.31 billion, both higher than the consensus expectations of Visible Alpha analysts. this Artificial Intelligence (AI) The chipmaker also reported that its data center revenue doubled to a record $30.8 billion, while forecasting fourth-quarter data center revenue of $37.5 billion, above market expectations of $36.9 billion.
3. U.S. stock index futures edged higher as investors digested technological developments
U.S. stock futures edged higher in premarket trading as investors weighed Nvidia’s earnings, the U.S. Department of Justice’s call for Google to abandon Chrome and other technology developments. Nasdaq Futures rose 0.2% A decrease from the previous trading dayalthough Dow Jones Industrial Average Futures rose 0.5% after the index broke a four-session losing streak yesterday. S&P 500 Index Futures rose 0.4%. U.S. Treasury yields were little changed, while crude oil futures rose 2% on geopolitical tensions with Russia.
4. Bitcoin, MicroStrategy stocks move higher
Bitcoin (Bitcoin USD) yes continue to riseAfter breaking above that mark early on Thursday, it rose nearly 4% to trade near $98,000. largest cryptocurrency Market value The company’s value has increased by more than 40% since Donald Trump was elected president. The surge also boosted stocks of companies specializing in the asset, including MicroStrategy (Magnetic transmission technology) surges 10% in premarket trading after similar trade Increased 10% from the previous trading day. Shares of Bitcoin miner MARA Holdings (Mara) shares rose nearly 11% after surging 14% yesterday, while cryptocurrency trading platform Coinbase Global (coin) rose 4%.
5. Snowflake stock rises after raising revenue forecast
Snowflake Stock (Snow) surged 23% in premarket trading after the company reported better-than-expected earnings and raised its revenue outlook. The data analytics software maker projects product revenue of $3.43 billion in fiscal 2025, accounting for about 96% of total sales, up from its previous forecast of $3.36 billion. Separately, the company announced Wednesday that it has signed a multi-year partnership with Amazon (Amazon)-backed artificial intelligence startup Anthropic and agreed to acquire open data integration platform Datavolo.