US Stock Market Preview: Anthropic's Claude Demo, Storage Stocks Rise, Meta-AMD Deal.

US Stock Futures Rise Ahead of Market Open

As of Tuesday morning, all three major US stock index futures are up. The Dow futures rose by 0.22%, Nasdaq futures increased by 0.32%, and S&P 500 futures saw a slight gain of 0.09%.

Tech Stocks Performance

Prominent tech stocks are experiencing gains before the market opens:

• AMD surged nearly 12%
• Micron Technology (MU) and ASML rose over 1%
• Microsoft (MSFT) and Google-A (GOOGL) saw minor increases
• Broadcom (AVGO) fell over 1%
• Tesla (TSLA) and NVIDIA (NVDA) dropped nearly 1%

Chinese Stocks Movement

Most Chinese stocks are down in pre-market trading:

• UMC increased over 5%
• ASE Technology (ASX) rose over 4%
• TSMC (TSM) gained over 2%
• Under Armour (AS) fell over 5%
• Alibaba (BABA), Pinduoduo (PDD), and Trip.com (TCOM) dropped nearly 1%

Semiconductor and Storage Stocks

Storage concept stocks are up, with SanDisk (SNDK) rising over 3%. Other notable movements include:

• Micron Technology (MU), Western Digital (WDC), Seagate Technology (STX), and Rambus (RMBS) all increased nearly 2%.
• Semiconductor stocks mostly rose, with Astera Labs (ALAB) up over 3%, and Qualcomm (QCOM) and TSMC (TSM) gaining over 2%.

AMD and Meta Partnership

AMD has agreed to sell up to 6 gigawatts of AI chip computing power to Meta over the next five years, leading to a nearly 12% rise in AMD's stock. Meta plans to start deploying the first gigawatt of computing power later this year.

Other Notable Stocks

• Keysight Technologies (KEYS) jumped nearly 14% after exceeding earnings expectations and providing strong guidance.
• Home Depot (HD) rose over 2% as its Q4 results met expectations.
• Vir Biotechnology (VIR) surged over 56% due to a significant revenue increase and positive clinical trial results.

Market Outlook

Investors are closely watching the upcoming State of the Union address by President Trump, scheduled for February 25, which may influence market sentiment amid ongoing geopolitical tensions and economic concerns.

Conclusion

Overall, the pre-market activity indicates a mixed sentiment among tech and Chinese stocks, with significant movements in semiconductor and storage sectors. Investors are advised to stay alert for upcoming earnings reports and geopolitical developments.