TLDR
Nvidia fell 4.5% premarket as its board opened an independent probe into reports about CEO Jensen Huang.
Advanced Micro Devices rose 2.3% after Oppenheimer upgraded it and set a $600 price target.
JPMorgan named Amazon and Meta to its analyst focus list, and both stocks rose.
Berkshire Hathaway reported lower third-quarter operating earnings but stepped up buybacks.
Coinbase, Robinhood and Strategy fell after Bitcoin pulled back over the weekend.
U.S. stock futures rose Monday after President Donald Trump said it was “highly unlikely” he would order more attacks on Iran. Oil prices fell, which eased some inflation fears.
Chip stocks and a few large names drew most of the early attention. Analyst calls from JPMorgan, Oppenheimer and UBS also moved shares before the opening bell.
Nvidia falls as its board opens a probe
Nvidia shares fell 4.5% in premarket trading. The chip maker’s board is launching an independent investigation into reports that CEO Jensen Huang was targeted by a foreign spy.
NVIDIA Corporation, NVDA
The reports say Huang had an affair with an executive suspected of working for Chinese intelligence. CNBC reported that Huang admitted to the relationship.
Intel, Marvell, Qualcomm, Sandisk and Super Micro Computer also fell before the open. The investigation added more pressure on AI-related stocks.
Advanced Micro Devices rose 2.3% to $458.86. Oppenheimer analyst Rick Schafer upgraded the stock to Outperform.
Schafer set a $600 price target on the chip maker. He expects its data-center revenue to jump 135% in 2027.
Coinbase fell 2.7% and Robinhood dropped 1.7%. Strategy lost 4.2%, and the moves followed a pullback in Bitcoin over the weekend as investors kept selling risk assets.
Earnings and analyst calls move other stocks
Berkshire Hathaway moved about 0.4% after its third-quarter report on Saturday. Operating earnings fell 6% from a year earlier, as insurance results declined and gains on stock investments were lower.
Its railroad, utility, manufacturing and service businesses posted higher profits. Operating earnings still met analyst expectations, and the company stepped up share buybacks.
Amazon rose 3% and Meta gained 2.5% in premarket trading. JPMorgan analyst Doug Anmuth named both companies to the bank’s analyst focus list.
Anmuth expects strong revenue growth at Meta from AI-driven ad improvements. For Amazon, he expects Amazon Web Services revenue growth of more than 40% in 2027 and 2028, with the unit reaching $1 trillion in revenue in the next five to 10 years.
SAP gained nearly 3% after JPMorgan upgraded it to Overweight from Neutral. Analyst Toby Ogg raised the price target to £275 from £175 and said AI is moving from pilot to production.
Eli Lilly rose nearly 2%. Canada’s Drug Agency made a positive recommendation to reimburse Kisunla, the company’s early Alzheimer’s treatment, for eligible adults.
Molson Coors slipped 1% after JPMorgan cut it to Underweight from Neutral. Analyst Drew Levine cited weak beer demand and inflation-driven cost pressures, and the company cut its full-year guidance on Thursday.
DraftKings fell 1.7% after UBS downgraded it to Neutral from Buy. UBS cut its price target to $22 from $48, and analyst Robin Farley cited an uncertain regulatory outlook in prediction markets.
UBS noted the company recently lowered its 2026 core revenue guidance. DraftKings also expects roughly $1 billion of prediction market losses through 2027.
The post Today’s Market Movers: Nvidia Board Probes CEO Huang Report While AMD, Amazon and Meta Gain Premarket appeared first on Blockonomi .
