Investing.com -- US stock futures steadied Tuesday, ahead of the release of key employment data.
Here are some of the biggest premarket US stock movers today:
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Nvidia (NASDAQ:NVDA) stock rose 2.4% after the chip giant unveiled new products such as artificial intelligence to better train robots and cars, souped-up gaming chips and its first desktop computer, as it expounded upon its potential to expand its business.
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Tesla (NASDAQ:TSLA) stock fell 1.6% after Bank of America downgraded its stance to “neutral” from “buy”, saying that execution risk is high at its valuation.
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Meta Platforms (NASDAQ:META) stock fell 0.6% after the Facebook-parent Meta Platforms said it would end its current third-party fact-checking program in the United States and instead begin moving to a 'Community Notes' program similar to that on social media platform X.
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Microsoft (NASDAQ:MSFT) stock rose 0.5% after the software giant announced plans to spend $3 billion to expand its Azure cloud and artificial intelligence capacity in India.
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Apple (NASDAQ:AAPL) stock fell 1.1% after analysts at MoffettNathanson downgraded its stance on the iPhone maker to "sell" from “neutral”, expressing concerns about the company’s future prospects.
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Micron (NASDAQ:MU) stock rose 4.2% after Nvidia CEO Jensen Huang revealed that the company is supplying memory chips for Nvidia’s new graphics processing units.
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Aurora Innovation (NASDAQ:AUR) stock soared 40% after the autonomous-trucking technology company said it formed a long-term partnership with chip designer Nvidia and automotive supplier Continental to deliver driverless trucks at commercial scale.
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Uber (NYSE:UBER) stock rose 2.5% after the ride-hailing company announced it has teamed up with Nvidia to accelerate autonomous mobility.
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Walt Disney (NYSE:DIS) stock rose 0.6% after Redburn upgraded its stance on the entertainment giant to ‘buy’ from ‘neutral’, seeing more than 30% upside ahead.