US Premarket Movers: Coherent, Delta, Nvidia, Semtech, Uber

14 hours ago 4

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(Bloomberg) — S&P 500 Index futures are down 0.1% as of 7:50 a.m. in New York as attacks on energy infrastructure in the Middle East drove a renewed advance in oil prices. 

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  • Nasdaq 100 futures decline 0.2%
  • Dow Jones Industrial Average futures are little changed
  • The MSCI World Index is up 0.2%

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Here are some of the biggest US movers before the bell:

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  • Magnificent Seven: Nvidia shares edge higher after its GTC event.
    • Nvidia (NVDA) +0.2%, Tesla (TSLA) -0.1%, Apple (AAPL) -0.2%, Microsoft (MSFT) -0.2%, Meta Platforms (META) -0.3%, Alphabet (GOOGL) -0.4%, Amazon (AMZN) -0.3%
  • Coherent and Lumentum, developers of data center optical components, fall after Nvidia CEO Jensen Huang’s comments that copper wires remain important in server racks. Coherent (COHR) falls 4% and Lumentum (LITE) declines 4%.
  • Delta Air Lines Inc. (DAL) rises 4% after issuing a more optimistic sales target for the first quarter after bookings by leisure and corporate customers accelerated into March.
  • DraftKings (DKNG) slips 1% after Argus Research stepped away from its buy rating, citing aggressive competition from prediction markets.
  • Janus Henderson Group (JHG) climbs 2% after  Victory Capital Holdings Inc. submitted an improved proposal to acquire the company.
  • Lemonade (LMND) rises 6% after Morgan Stanley upgraded its rating to overweight, noting that the insurer is an early stage winner as autonomous vehicles transform the auto insurance industry.
  • Semtech (SMTC) falls about 2% after the chipmaker provided an outlook that failed to extend the stock’s 2026 rally.
  • Uber (UBER) gains 3% after the rideshare firm and Nvidia said they will expand their autonomous vehicle partnership to launch a global fleet of Nvidia software-driven autonomous vehicles across 28 cities globally by 2028.

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