US PRE-MARKET MOVERS: Mag-7, NVDA, TSLA, TSM, DELL, STZ, WMT, X

ES -1.8% NQ -2.1% RTY -2.6%

Indices pare back some of yesterday's historic gains

• Mag-7: AAPL -3%, AMZN -2.5%, NVDA -3%, GOOGL -1.5%, MSFT -1.5%, TSLA -3.5%, META -2%


• 
  NVDA: Trump admin paused plans for stricter curbs on Cos. H20 chip, crucial for AI development in China


• 
  TSLA: Expanding into Saudi Arabia


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  TSM -1.5%: Q1 rev. rose 42% driven by strong demand for AI servers & smartphones ahead of anticipated US tariffs


• 
  DELL -2.5%: Reduced or removed US discounts on many of its computers


• 
  STZ -2.5%: Lowered FY26 profit forecast


• 
  WMT -1%: Reaffirmed goal for International GMV to reach $200bln by 2028 w/ strong FY growth in net sales & op. income


• 
  X -10%: Following Trump’s statement opposing the steelmaker’s acquisition by a Japanese company

10 Apr 2025 - 12:13- EquitiesUS Research- Source: Newsquawk