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Nvidia CEO Optimistic About Global Tech Cooperation Under Trump Administration

Nvidia CEO Jensen Huang expressed confidence that global collaboration in science and technology will persist, even amid potential tighter export controls from the incoming Trump administration. Huang on Global Cooperation Despite the Trump administration’s previous restrictions on exporting US technology to China, Huang believes international collaboration remains essential. “Open science and global cooperation across math and science have been the foundation of societal and scientific advancements for a very long time,” Huang stated during a media session in Hong Kong. He emphasized Nvidia's commitment to balancing compliance with laws and policies while continuing to advance technology and serve customers globally. The Age of AI During a speech at the Hong Kong University of Science and Technology (HKUST) , Huang declared, “The age of AI has started — a new computing era that will impact every industry and every field of science.” Highlighting Nvidia’s innovations, he describe
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Pre-Market Movers and Top Ratings: MSTR, NVDA, SNOW, PANW, and More

 Gapping Up

  1. Deere (DE.US):

    • +1.6% after surpassing Q4 earnings forecasts despite challenging market conditions.

  2. MicroStrategy (MSTR.US):

    • +13% surge amid widespread gains in cryptocurrency-related stocks.

  3. Marathon Digital Holdings (MARA.US):

    • +11% increase, riding the wave of the cryptocurrency sector's strong performance.

  4. Snowflake (SNOW.US):

    • +23.3% spike after raising its annual product revenue outlook and announcing a collaboration with AI firm Anthropic to enhance cloud offerings.

  5. Novartis AG (NVS.US):

    • +0.2% following improved growth projections, signaling confidence in future performance.

  6. Logitech International (LOGI.US):

    • +1% after UBS upgraded its rating to ‘neutral’ from ‘sell’, citing a stabilizing risk-reward outlook.

Gapping Down

  1. NVIDIA (NVDA.US):

    • -0.7% after a disappointing revenue forecast hinted at slower quarterly revenue growth, contrasting with its recent robust performance.

  2. Palo Alto Networks (PANW.US):

    • -2.8% despite beating quarterly revenue and profit expectations, coupled with announcing a two-for-one forward stock split.

  3. PDD Holdings (PDD.US):

    • -10% following a severe earnings shortfall amid rising competition affecting its key business.

Takeaway:

  • Cryptocurrency-related stocks are leading the pre-market rally, driven by bullish momentum in the sector.
  • Notable gains for Snowflake highlight its strategic AI partnerships as a key growth driver.
  • Weak forecasts for major players like NVIDIA and Palo Alto Networks suggest some market caution despite positive earnings reports.

Stay tuned for further developments as markets open!

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