Key Points To Watch Out For:
- Super Micro shares fell on a downgrade to its full-year guidance.
- AMD rose 2.5% after exceeding estimates and upgrading its forecast.
- Novo Nordisk advanced despite concerns about its blockbuster drugs.
Super Micro Computer (SMCI): Uncertainty delays orders and hits forecasts
Super Micro fell in premarket trading after cutting its full-year sales projection. The company, key in the development of servers for artificial intelligence applications, cited economic uncertainty as the reason for its customers deferring orders. The news is particularly significant in a sector where stocks have been highly valued on hopes linked to the AI boom.
Advanced Micro Devices (AMD): Strong quarter boosts confidence in chip sector
AMD was up 2.5% before the open after posting higher-than-expected earnings and raising its full-year revenue guidance. The results helped ease fears of a slowdown in the sector and also boosted broader tech stocks, particularly those linked to the semiconductor ecosystem.
Novo Nordisk (NVO): Strong results despite pressure from generic competition
Novo Nordisk beat quarterly profit expectations but warned that generic versions of its drug Semaglutide (sold as Wegovy and Ozempic) will hit profit growth this year. Still, its shares rose sharply, buoyed by the strong performance of its portfolio and continued demand for diabetes and obesity treatments.
BMW (BMW): Optimism about tariffs contrasts with the rest of the sector
BMW rose in Frankfurt, confirming its annual guide based on the assumption that elevated tariffs will be temporal. This position contrasts with recent decisions by Stellantis, GM, and Ford, which opted to suspend their forecasts. The move gives confidence to investors and reinforces BMW’s position as a of the most resilient manufacturers in the face of the regulatory climate.
Electronic Arts (EA): New Battlefield and strong numbers boost outlook
Electronic Arts reports an increase in quarterly sales and profits, emphasizing that the upcoming release of Battlefield will boost its fiscal year results. Even though its shares are stable in premarket trading, the earnings raise the bar for the video game sector, which has been shaky amid changes in digital consumption habits.
Disney (DIS) and Uber (UBER): Key results for consumer and entertainment
Disney and Uber will report earnings on Wednesday amid heightened expectations. Disney is coming off a tough week after the announcement of 100% tariffs on foreign films, the impact of which was felt in its stock price earlier in the week. For its part, Uber continues to face pressure from evolving transportation demand in an unclear economic environment.
