Premarket Movers: Nvidia, Arm, Taylor Morrison, Qualcomm and More
U.S. stock futures turn on tech and deal news as Nvidia, Microsoft and homebuilder stocks lead movers; see the biggest premarket names now
U.S. stock futures were moving on Monday morning as investors reacted to companyspecific news across technology, housing, and biotech.
Nvidia rose after announcing a new personal computer processor in collaboration with Microsoft. The news lifted Microsoft, Dell, HP, and Arm, while chip rivals Qualcomm, Intel, and AMD fell.
Taylor Morrison Home jumped after Berkshire Hathaway agreed to buy the homebuilder for $6.8 billion. Other notable movers included Yum Brands on reports of potential Pizza Hut sale talks, Summit Therapeutics after trial results from China, IBM after a bullish analyst initiation, and several software names that gained ahead of the open. Robinhood and Coinbase declined as Bitcoin fell below $73,000.