AlphaTON stock soars 200% after pioneering digital asset oncology initiative
Investing.com -- U.S. stock futures traded largely unchanged Wednesday ahead of the conclusion of the latest Federal Reserve meeting, as investors seek guidance about future monetary policy.
Here are some of the biggest premarket U.S. stock movers today:
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Nvidia (NASDAQ:NVDA) stock fell 1.2% after the Financial Times reported that China’s internet regulator had instructed the country’s biggest tech companies to stop buying all of the AI leader’s chips.
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General Mills (NYSE:GIS) stock fell 1.4% after the consumer food giant’s quarterly revenue fell 3% on an organic basis, primarily due to unfavorable price realization and mix reflecting price investments in North America Retail.
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Apple (NASDAQ:AAPL) stock fell 0.1% after the tech giant’s smartphone sales in China fell 6% in the weeks before the iPhone 17 launch, a sharper-than-usual slowdown ahead of a flagship release, according to Counterpoint Research.
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Netflix (NASDAQ:NFLX) stock rose 1.2% after Loop Capital upgraded its stance on the streaming giant to “buy” from “hold”, saying the company has “won the streaming wars”.
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Baidu (NASDAQ:BIDU) shares surged 7.6%, lifted by growing investor confidence in its home-grown AI chip efforts as China accelerates its drive toward semiconductor independence.
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Alibaba (NYSE:BABA) ADRs rose 2.5% after aChinese state media reported that the e-commerce giant secured a major customer, China Unicom, for its artificial intelligence chips.
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Cytokinetics (NASDAQ:CYTK) stock rose 1.7% after the biopharmaceutical company announced plans to raise up to $550 million through an offering of convertible senior notes due in 2031.
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New Fortress (NASDAQ:NFE) stock gained 25%, adding to the previous session’s hefty gains, after the energy company finalized a seven-year deal worth $4 billion to supply liquefied natural gas to Puerto Rico.
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Workday (NASDAQ:WDAY) stock rose 8% after activist investor Elliott Management said it had built a stake of more than $2 billion in the human resources software provider.
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FedEx (NYSE:FDX) stock fell 0.5%, with the delivery giant likely to report a quarterly profit hit on Thursday from President Donald Trump’s decision to end tariff-exempt treatment for popular direct-to-consumer shipments.
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GSK (LON:GSK) stock rose 0.9% after the U.K. drugmaker said it would invest $30 billion in U.S. research and development and supply chain infrastructure over five years.