U.S. stock futures opened marginally lower Thursday, with traders parsing a heavy slate of corporate earnings that included results from Nvidia and a host of companies across media, software and consumer sectors.
Here are the most notable premarket price movements and the company-reported reasons behind them:
- Nvidia (NASDAQ:NVDA) - Shares rose 1.5% after the chip maker posted quarterly earnings that beat expectations and provided current-quarter revenue guidance above analyst estimates. The results bolstered the company’s market-leading position in AI-related hardware, though the report also prompted some investor concern over the pace of shareholder returns.
- Salesforce (NYSE:CRM) - The cloud software provider’s stock fell 3% after it issued a fiscal 2027 revenue forecast that came in below analyst estimates. The company’s weaker-than-expected top-line outlook was cited as evidence that demand for enterprise-facing software may be under pressure as customers tighten budgets amid economic uncertainty.
- Warner Bros Discovery (NASDAQ:WBD) - Shares in the entertainment company edged up 0.1% in premarket trading. The firm reported a 6% decline in quarterly revenue, driven by slower traditional TV and film results, even as its HBO Max streaming service added subscribers. The stock’s slight gain came despite the top-line contraction and ongoing takeover interest.
- JM Smucker (NYSE:SJM) - The packaged-food maker jumped 6.5% after reporting third-quarter results that topped expectations. Management, however, narrowed the full-year sales outlook following a fire at one of its manufacturing facilities, a development that trims near-term sales visibility.
- Vistra Energy (NYSE:VST) - The power company rose 1.5% after releasing full-year results described as strong, with growth linked to its nuclear portfolio expansion and improved retail margins.
- Krispy Kreme (NASDAQ:DNUT) - The donut chain surged 15% after reporting fourth-quarter results that exceeded forecasts, the company framing the quarter as progress in its turnaround efforts.
- Celsius Holdings (NASDAQ:CELH) - The energy-drink maker climbed 9.5% after posting fourth-quarter revenue that beat expectations, attributing part of the growth to recent acquisitions including Alani Nu and Rockstar Energy.
- The Trade Desk (NASDAQ:TTD) - Shares dropped sharply, falling 14% after the ad-technology company issued a first-quarter revenue forecast below estimates, suggesting heightened competitive pressure from larger rivals.
- C3.ai (NYSE:AI) - The enterprise AI software provider fell 24% after forecasting current-quarter sales below expectations and announcing a workforce reduction of 26% globally.
Overall, the premarket landscape reflected a bifurcated response to earnings: several consumer and energy names rallied on beats and strategic moves, while some high-growth software and ad-tech firms saw sharp sell-offs after disappointing outlooks or cost-cutting announcements. Traders appeared cautious, leading to the modest decline in futures as market participants digested the mixed signals.
Market context and implications
The earnings-driven moves underscore a few cross-cutting themes evident in the reports: investor scrutiny of capital returns at a leading AI hardware vendor, strain in enterprise software demand as reflected in corporate guidance, active M&A and subscriber dynamics in media, and continued consolidation and acquisitive growth strategies among beverage brands. These dynamics are contributing to differentiated stock reactions ahead of the opening bell.