Stock futures were mostly higher Wednesday following a selloff on fears over what the artificial-intelligence boom means for software companies.
These stocks were poised to make moves:
AMD tumbled 7.2%, making it the S&P 500’s biggest loser ahead of the opening bell. The selloff came after the chip maker reported fourth-quarter earnings and revenue that topped analysts’ estimates and issued better-than-expected guidance. Data-center segment revenue in the fourth quarter jumped 39%. CEO Lisa Su said AMD sees revenue from its data-center business rising by more than 60% in the next three to five years as demand from AI hyperscalers grows.
The decline in AMD shares may be due to profit-taking by investors, with the stock up 13% this year following the close of trading Tuesday.
Super Micro Computer was the S&P 500’s best premarket performer, rising 12% after the AI server maker reportedbetter-than-expected earnings and revenuefor its fiscal second quarter. The results could end Super Micro’s recent rough run, although tighter margins remain a concern for investors.
Chipotle Mexican Grill fell 6.5%. The burrito chain posted fourth-quarter earnings and sales that beat Wall Street expectations but said it sees fiscal-year same-store sales “about flat,” below estimates of a 1.7% increase.
Take-Two Interactive Software rose 5.1% after the videogame maker reported better-than-expected earnings and revenue for the fiscal third quarter. Take-Two expects a loss of 54 cents to 70 cents a share for the fourth quarter, narrower than the 70 cents analysts had been forecasting.
Enphase Energy gained 24% after the solar energy company posted better-than-expected adjusted earnings in the fourth quarter and said it anticipates first-quarter revenue of $270 million to $300 million, beating consensus estimates of $262.2 million.
Microsoft ticked up 0.5%. The stock fell 2.9% on Tuesday, while Thomson Reuters, Intuit, and S&P Global all racked up triple-digit losses after Anthropic released a new plug-in to handle a variety of legal tasks. The new tool is fueling worries that the AI boom could drag down profit and sales for software companies.
Mondelez International declined 4.2% after the owner of brands Oreo and Cadbury posted better-than-expected adjusted fourth-quarter earnings but profit declined on higher cocoa costs.
U.S.-listed shares of Novo Nordisk dropped 4% after slumping 15% on Tuesday after the the Danish drugmaker issued agrim outlook for 2026. Novo Nordisk, which makes the popular weight-loss and diabetes drugs Wegovy and Ozempic, expects sales to decline between 5% and 13% at constant exchange rates, which would mark a sharp reversal from the 10% growth it logged last year.
Silicon Laboratories soared 32% after the Financial Times reported thatTexas Instrumentswas inadvanced talksto buy the chip designer for about $7 billion. A deal could be reached in the coming days, according to the FT, which cited people familiar with the matter. Silicon Laboratories and Texas Instruments didn’t immediately respond to a request for comment fromBarron’s.
Walmart rose 0.4%. The world’s largest retailer topped a $1 trillion market capitalization for the first time on Tuesday, becoming the 11th U.S. company to hit a valuation greater than $1 trillion.
Alphabet climbed 0.8% on Wednesday, with the parent of search giant Google set to reportfourth-quarter earningsafter the closing bell. Investors will be focused on Google Cloud and what the company is spending on expanding capacity to meet surging demand.
Eli Lilly, AbbVie, Qualcomm, Uber Technologies, Arm Holdings, and GE HealthCare Technologies are also set to report earnings on Wednesday.
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