US PRE-MARKET MOVERS: NVDA, JEF, STZ, APLD, RTX, ABBV, RVMD, GOOGL, MQ, AA, NKE

ES -0.2% NQ -0.2% RTY -0.3%

• NVDA +0.30%: China is set to approve some NVDA H200 chip purchases as soon as this quarter.
• JEF -2.75%: Investors take focus on loss linked to First Brands exposure despite earnings beat.
• STZ +2%: Delivered an earnings beat.
• APLD +4.6%: Adj. EPS & rev. topped expectations.
• RTX +4.5%, LMT +7.9%, NOC +8.4%: Trump says military budget should be raised to $1.5T from $1.0T.
• ABBV -1.1%: Lowered FY adj. EPS view; rejected reports its to acquire RVMD -7.3%.
• GOOGL +1.1%: Upgraded at Cantor Fitzgerald to 'Overweight' from 'Neutral'.
• MQ -9.5%: Downgraded at Mizuho to 'Neutral' from 'Outperform'.
• AA -4.0%: Downgraded at JPMorgan to 'Underweight' from 'Neutral'.
• NKE -1.1%: Downgraded at Needham to 'Hold' from 'Buy'.