US PRE-MARKET MOVERS: Mag-7, XYZ, DELL, NFLX/WBD/PSKY, INTU, ZS, CRWV, FLUT, DUOL
SourceNewsquawk
SectionUS Equities
ES -0.5% NQ -0.5% RTY -1%
- Mag-7: AAPL -0.2% NVDA -0.2% GOOGL -0.3% TSLA -0.5% AMZN -0.6% META -0.7% MSFT -1%
- META agreed multi-year deal worth blns of dollars to rent Google’s tensor processing units; Separately, last week, META scrapped its most advanced internally developed AI training chip
- XYZ +21%: Slashed >40% of workforce tied to a strategic shift towards AI & raised FY guidance
- DELL +12%: Stellar Q4 results & guidance, driven by a sharp jump in AI server demand & a rapidly expanding backlog
- NFLX +8% PSKY +7.5% WBD -1.5%: NFLX declined to match PSKY’s revised $31/shr all-cash offer for WBD, walking away from its prev. $27.75/shr agreement
- INTU -3%: Profit & rev. topped but issued disappointing outlook
- ZS -11%: Guidance disappointed investor expectations
- CRWV -12%: Deeper loss per shr. than exp. w/ weak next Q rev. guide
- FLUT -12%: Rev. light alongside underwhelming FY outlook
- DUOL -25%: Weak Q numbers & guidance amid a strategic shift towards faster user growth that will weigh on bookings growth & profitability