Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Nvidia (NASDAQ:NVDA), the semiconductor giant, is leading the way in premarket trading, with its shares set to extend gains following a deal to supply chips to Saudi Arabian AI company, Humain.
The chips will be used for a substantial data center project. This news follows a week in which Nvidia’s shares have already surged approximately 11%.
This deal is part of a wave of tech investments and agreements coinciding with the visit of U.S. President Donald Trump to Saudi Arabia. This visit has boosted stocks, with a notable rise on Tuesday.
Among the group known as the ’Magnificent Seven’, Nvidia saw a premarket increase of 2.1%. Other companies in this group also experienced premarket movement.
Tesla (NASDAQ:TSLA) saw a 2% rise, Alphabet (NASDAQ:GOOGL) increased by 0.4%, and Meta (NASDAQ:META) experienced a 0.3% increase. Meanwhile, Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), and Microsoft (NASDAQ:MSFT) all saw a slight decline of less than 1%.
The S&P 500 and Nasdaq 100 have also managed to erase their 2025 drop, sparking a rebound in the wake of renewed trade optimism.
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