Key Points To Watch Out For:
- Shares in technology and mobility companies rose considerably before the opening
- Alibaba and BYD made headlines in Hong Kong for their advances in artificial intelligence
- Key companies such as CVS Health and Reddit will publish their earnings during the rest of the day
Super Micro Computer (SMCI): Strong sales forecast boosts shares
Super Micro Computer shares jumped 6% in the premarket after the AI server company raised its sales guidance for fiscal 2026. This increase shows the growing interest in the technological infrastructure required for artificial intelligence, a sector that continues to attract the attention of investors.
Lyft (LYFT): Weak reservation forecast weighs on value
Lyft’s weak reservation forecast caused market concerns, causing the stock to fall before the opening. The company said that users are opting for shorter and less frequent trips, thus directly impacting its revenue. The reaction was reflected in Uber (UBER) as well, whose shares fell in after-hours trading following the report of its rival.
DoorDash (DASH): Solid growth in food delivery
DoorDash shares rose 6% in the premarket after reporting solid growth in its food delivery business. The company also predicted a faster-than-expected pace of expansion, boosting investor confidence. This result reinforces the delivery sector’s positive trend, despite current economic challenges.
Alibaba (BABA): Alliance with Apple boosts value
Alibaba shares rose 8.5% in Hong Kong following reports of advances in its partnership with Apple (AAPL) to deploy new AI features in China. This news has generated bullish expectations as it signifies a key move in the development of technological solutions within the Alibaba ecosystem.
BYD (HK:1211): AI breakthrough strengthens its lead over Tesla
BYD shares increased 7% on the Hong Kong stock exchange following the launch of a new artificial intelligence system for low-cost vehicles. This advance strengthens its lead over Tesla (TSLA) in the Chinese market. Additionally, Deutsche Bank raised its target price for the stock, boosting confidence in the automaker’s growth.
Earnings highlights of the day
CVS Health (CVS) and Kraft Heinz (KHC) will release their results prior to the market opening. Later, Robinhood (HOOD), Cisco Systems (CSCO) and Reddit (RDDT) will present their figures after the close.
