Stock market today: S&P 500 cuts some losses, but Nvidia slip keeps gains in check
Investing.com -- U.S. stock futures steadied Tuesday as investors await the reopening of the U.S. government, after the longest shutdown in history.
Here are some of the biggest premarket U.S. stock movers today:
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Nvidia (NASDAQ:NVDA) stock fell 1.4% after Japanese tech investment giant SoftBank announced that it had sold its entire stake in the artificial intelligence-darling for $5.83 billion.
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CoreWeave (NASDAQ:CRWV) stock dropped 9.8% after the AI cloud services firm flagged a delay at a third-party data center partner, resulting in a reduction in its full-year revenue forecast.
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Advanced Micro Devices (NASDAQ:AMD) stock fell 0.2% with the chipmaker expected to outline the company’s plans for its artificial intelligence chip and systems businesses at a financial analyst day later in the session.
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Rocket Lab (NASDAQ:RKLB) stock surged 9.8% after the space launch and systems company reported better-than-expected third-quarter revenue and improved financial results.
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Paramount Skydance (NASDAQ:PSKY) stock rose 4.9% after the entertainment company said it is looking to cut an additional $1 billion in savings after first outlining $2 billion when it completed its merger in August.
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Xpeng (NYSE:XPEV) stock gained 5.1%, driven by optimism over the Chinese automaker’s push into advanced robotics and autonomous technologies.
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TheRealReal (NASDAQ:REAL) stock surged 15% after the online marketplace raised its full-year revenue guidance and reported third-quarter revenue that beat expectations.
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Sea (NYSE:SE) stock dropped 5.4% after the Southeast Asian tech giant reported third-quarter earnings that fell significantly short of expectations, despite posting strong revenue growth across all business segments.
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Rigetti Computing (NASDAQ:RGTI) stock dropped 3.4% after the quantum computing company reported third-quarter revenue below estimates.