NVDA is down 4.89% premarket—the only one of the Magnificent Seven in the red. Apple is up 0.65%, Microsoft 1.01%, Google 1.06%, and Amazon and Meta are also higher.
The entire AI hardware chain is down premarket, from optical modules and storage to cloud computing: Lumentum is down 2.65%, Micron 1.26%, CoreWeave 3.53%, and IREN 3.79%. Dow futures are up 0.6%, S&P futures 0.2%, while NVDA alone has dragged Nasdaq futures back to flat.
After the board investigation over the weekend, crypto markets sold off first on Sunday. Asian markets are ignoring it today; tonight, it’s up to U.S. stocks to set their own prices. The big software names haven’t followed suit, but the hardware chain has. At the open, watch to see whether this divergence holds.
The entire AI hardware chain is down premarket, from optical modules and storage to cloud computing: Lumentum is down 2.65%, Micron 1.26%, CoreWeave 3.53%, and IREN 3.79%. Dow futures are up 0.6%, S&P futures 0.2%, while NVDA alone has dragged Nasdaq futures back to flat.
After the board investigation over the weekend, crypto markets sold off first on Sunday. Asian markets are ignoring it today; tonight, it’s up to U.S. stocks to set their own prices. The big software names haven’t followed suit, but the hardware chain has. At the open, watch to see whether this divergence holds.