Palantir, Nvidia, Kenvue and Berkshire Hathaway rise premarket

Investing.com -- U.S. stock futures rose Monday, starting the new week on a positive note with more corporate earnings in the spotlight.

Here are some of the biggest premarket U.S. stock movers today:

• Palantir Technologies (NASDAQ:PLTR) stock rose 2.1%, with the data analytics giant set to report its quarterly returns after the closing bell. The company lifted its full-year revenue forecast in August for the second time in 2025, citing strong demand for its AI-linked services from both businesses and governments.

• Nvidia (NASDAQ:NVDA) stock rose 1.7% despite President Donald Trump saying in an interview that cutting-edge chips from the AI giant will only be available for U.S. companies and not for businesses in China and other countries.

• Berkshire Hathaway (NYSE:BRKb) stock rose 1.3% after Warren Buffett’s conglomerate reported strong third-quarter results, with its cash pile climbing to a record $381.7 billion, up from $277 billion a year earlier.

• Loews (NYSE:L) stock rose 1.1% after the conglomerate reported a rise in third-quarter profit, as lower catastrophe losses benefited its insurance unit.
• Xpeng (NYSE:XPEV) stock rose 0.9% and Nio (NYSE:NIO) gained 1.4% after the Chinese EV manufacturers reported record delivery figures for October amid intensifying competition in the world’s largest EV market.

• Tesla (NASDAQ:TSLA) stock gained 0.5% after press reports that the EV manufacturer has reached an agreement with South Korea’s Samsung SDI to supply ESS (Energy Storage System) batteries over three years.

• Kenvue (NYSE:KVUE) stock soared 20% after Kimberly-Clark (NASDAQ:KMB), down 16%, said it will acquire the Tylenol maker in a deal valued at about $48.7 billion, creating a consumer goods giant.

• Cisco Systems (NASDAQ:CSCO) stock rose 1.6% after UBS upgraded the maker of networking equipment to “buy” from “neutral”, driven by artificial intelligence infrastructure demand, a large-scale campus refresh cycle, and momentum in the company’s security business.

• SM Energy (NYSE:SM) stock rose 3.2% and Civitas Resources (NYSE:CIVI) gained 2.4% after the pair entered into a definitive merger agreement to combine in a $12.8 billion stock deal.

• Roku (NASDAQ:ROKU) stock rose 2.7% after Piper Sandler upgraded the streaming television company to “overweight” from “neutral”, citing "strong underlying fundamentals."