Nvidia, ASML, Abbott Labs: Stocks to watch today
U.S. stock futures moved lower Wednesday as investors braced for another wave of geopolitical and earnings headlines. S&P 500 futures were down 0.5%, the Dow hovered near flat, and Nasdaq futures dropped more than 1%.
These are the stocks most likely to shape the news.
Wednesday's most closely watched story centers on Nvidia (NVDA), which disclosed a $5.5 billion charge tied to new U.S. government restrictions on exporting its H20 AI chips to China. The Biden administration initially crafted the export controls to limit China's access to advanced semiconductors — but under Trump, the policy has sharpened.
Nvidia's stock is down nearly 7% premarket. Given its rank as the third-largest U.S. company by market value, the fallout could be wide. Chipmaker AMD (AMD) also dropped 6% premarket.
In Europe, semiconductor equipment giant ASML (ASML) reported first-quarter sales of €7.7 billion — just below analyst forecasts — and warned of 'greater uncertainty' ahead due to U.S.-China tariff tensions. ASML, which makes the machines used in cutting-edge chip manufacturing, has seen its shares fall 28% over the past year despite the AI boom.
Also before the bell, Abbott Labs (ABT) — best known for developing medical devices and consumer health staples like Pedialyte and Ensure — topped earnings expectations, reporting adjusted EPS of $1.09 on 4% reported sales growth. Its medical devices segment surged nearly 13% on an organic basis, driven by a 20% jump in diabetes care.
Shares were flat to modestly higher ahead of the open.
Prologis (PLD), the world's largest industrial REIT, posted first-quarter core FFO of $1.27 per share, meeting estimates. The company, which operates logistics hubs crucial to global supply chains, highlighted solid rent growth and occupancy, even as leasing cooled.
'Policy uncertainty is making customers more cautious,' said CEO Hamid Moghadam. 'But over the long term, limited new supply and high construction costs support continued rent growth.'
Kinder Morgan (KMI), CSX (CSX), and U.S. Bancorp (USB) are also set to report Wednesday, offering insight into the state of energy infrastructure, transportation, and regional banking.
Later in the day, Federal Reserve Chair Jerome Powell is scheduled to speak on the economic outlook, while March retail sales data is due, offering a window into consumer behavior before the latest tariff escalation.
The CNN (WBD) Fear & Greed Index remains stuck in 'extreme fear' territory, a mood that's proven hard to shake since President Trump's early April tariff blitz. And for good reason: Even amid the hard numbers of earnings season, markets are now being driven less by fundamentals and more by policy whiplash. Mixed signals, selective leaks, and sudden reversals — often delivered via social media or offhand remarks — are proving just as influential as official actions. It's not just the policy that's unpredictable. The choreography is, too.
For the latest news, Facebook, Twitter and Instagram.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Times
8 minutes ago
- New York Times
China Rejects Trump's Accusation That It Violated Trade Truce
China said on Monday that the United States had 'severely undermined' the trade truce the two countries reached last month, striking back against President Trump's accusations that it was violating the terms of their agreement. In a statement, China's Ministry of Commerce called Mr. Trump's attacks on social media last week 'baseless.' He had accused Beijing of failing to live up to its end of their trade deal, a 90-day rollback of tariffs and other trade barriers to give the two countries more time to negotiate and prevent an all-out trade war. China's commerce ministry said it had continued to honor its agreement responsibly and accused the United States of 'erroneous practices' by introducing a series of 'discriminatory restrictive measures.' These included restrictions on the sale of chip design software to China and barring American companies from using or financing artificial intelligence chips from the Chinese technology giant Huawei. It also criticized the Trump administration's announcement that it planned to 'aggressively revoke' the visas of Chinese students and that it would enhance scrutiny of all future applications from China, including Hong Kong. 'The U.S. side has unilaterally escalated new economic and trade frictions, exacerbating the uncertainty and instability of bilateral economic and trade relations,' the ministry wrote in its statement. 'Instead of reflecting on its own actions, it has turned the blame onto China.' China said it would take measures to 'safeguard its legitimate rights and interests' if the United States continued to harm Chinese interests. The growing confrontation over the fragile trade truce between the world's two largest economies has raised questions about whether they can strike a permanent accord within the 90-day deadline. The United States has grown increasingly concerned about access to rare earth magnets, which are crucial for producing cars, semiconductors, aircraft and other vital items. China maintains a near monopoly on the production of rare earth metals. American companies' ability to keep factories running could be in jeopardy without a sufficient supply of those magnets. Jamieson Greer, the U.S. trade representative who negotiated the deal along with Treasury Secretary Scott Bessent, said during a Friday appearance on CNBC that China was 'slow-rolling their compliance' and that the flow of some critical minerals has not returned to levels that American officials were expecting. The agreement, announced on May 12, offered a temporary reprieve to the escalating trade tensions between the two largest economies. The United States had pushed tariffs on Chinese imports to 145 percent and China responded by raising import duties on American products to 125 percent. Under the truce, the United States agreed to lower its tariffs to 30 percent, while China cut its import tax to 10 percent for 90 days. Amy Chang Chien contributed reporting from Taipei.
Yahoo
13 minutes ago
- Yahoo
Drug maker Indivior joins the flight from London share listings
Drug maker Indivior has become the latest major UK listed company to scrap its London share trading. The pharmaceuticals company, which has its UK headquarters in Slough, said it planned to cancel its secondary listing in London. Indivior only moved its primary listing to Nasdaq last June and now wants to sever all share trading links with the City. The move comes just a year after Invidior's board said it planned to keep the London listing "for as long as it is considered to be in the best interests of Indivior and its shareholders as a whole." Reasons given for scrapping the London listing following a review include the fact that 80% of the company's revenue is generated in America; trading on Nasdaq accounts for approximately 75% of total volumes across both exchanges; more than 70% of the share are now held by investors located in the U.S; and the elimination of 'the cost and complexity of maintaining a secondary listing.' Another major factor is that the company's biggest selling drug Sublocade, a treatment for helping opioid addicts reduce their dependence, has its biggest market in the US. Last year Sublocade accounted for $756 million of the company's total $1.2 billion sales. Indivior was spun out of its former parent company, the consumer products giant Reckitt Benckizer in 2014 as a free standing London listed company. The Virginia based company's chair David Wheadon, said:"We are pleased to announce this key milestone for Indivior following our evaluation period. A single primary listing on Nasdaq best reflects the profile of Indivior's business. 'We appreciate the support received from shareholders for this initiative and look forward to capitalizing on the expected benefits of this move, including reductions in cost and complexity." London has suffered a major outflow of listed companies over recent years in a blow to the prestige of the City. A total of 88 firms delisted or transferred their primary listing from the London Stock Exchange last year, the highest number since the financial crisis of 2008, according to auditor EY. Only 18 companies came on to the London market last year as the vital flow of small and growing businesses raising capital by listing their shares on the London stock market dried up. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
- Yahoo
Here's how Uber's product chief uses AI at work — and one tool he's going to use next
Uber's product chief said he uses AI to summarize lengthy reports and do research before launches. Sachin Kansal uses ChatGPT and Gemini to understand Uber's performance in overseas markets. He plans to add Google's NotebookLM to his AI suite. Uber's chief product officer has one AI tool on his to-do list. In an episode of "Lenny's Podcast" released on Sunday, Uber's product chief, Sachin Kansal, shared two ways he is using AI for his everyday tasks at the ride-hailing giant and how he plans to add NotebookLM to his AI suite. Kansal joined Uber eight years ago as its director of product management after working at cybersecurity and taxi startups. He became Uber's product chief last year. Kansal said he uses OpenAI's ChatGPT and Google's Gemini to summarize long reports. "Some of these reports, they're 50 to 100 pages long," he said. "I will never have the time to read them." He said he uses the chatbots to acquaint himself with what's happening and how riders are feeling in Uber's various markets, such as South Africa, Brazil, and Korea. The CPO said his second use case is treating AI like a research assistant, because some large language models now offer a deep research feature. Kansal gave a recent example of when his team was thinking about a new driver feature. He asked ChatGPT's deep research mode about what drivers may think of the add-on. "It's an amazing research assistant and it's absolutely a starting point for a brainstorm with my team with some really, really good ideas," the CPO said. In April, Uber's CEO, Dara Khosrowshahi, said that not enough of his 30,000-odd employees are using AI. He said learning to work with AI agents to code is "going to be an absolute necessity at Uber within a year." Uber did not immediately respond to a request for comment from Business Insider. On the podcast, Kansal also highlighted NotebookLM, Google Lab's research and note-taking tool, which is especially helpful for interacting with documents. He said he doesn't use the product yet, but wants to. "I know a lot of people who have started using it, and that is the next thing that I'm going to use," he said. "Just to be able to build an audio podcast based on a bunch of information that you can consume. I think that's awesome," he added. Kansal was referring to the "Audio Overview" feature, which summarizes uploaded content in the form of two AIs having a voice discussion. NotebookLM was launched in mid-2023 and has quickly become a must-have tool for researchers and AI enthusiasts. Andrej Karpathy, Tesla's former director of AI and OpenAI cofounder, is among those who have praised the tool and its podcast feature. "It's possible that NotebookLM podcast episode generation is touching on a whole new territory of highly compelling LLM product formats," he said in a September post on X. "Feels reminiscent of ChatGPT. Maybe I'm overreacting." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
