5 Things to Know Before the Stock Market Opens

U.S. stock futures are little changed in the wake of tech sector gains; Nvidia (NVDA) stock is adding to all-time highs in premarket trading on remarks from CEO Jensen Huang; Uber Technologies (UBER) shares are gaining after the ride-hailing firm announced a collaboration with Nvidia on autonomous driving; Inari Medical (NARI) stock is soaring after the company was acquired for $4.9 billion by medical device maker Stryker (SYK); and Tencent Holdings stock sinks in Hong Kong trading after the Pentagon added the WeChat parent to its “Chinese military companies” blacklist. Here’s what investors need to know today.

1. US Stock Futures Little Changed After Mixed Session Monday

U.S. stock futures are little changed after market indexes posted mixed results Monday. Nasdaq futures are ticking lower after finishing up 1.2% in the prior session on the strength of chip stocks. S&P 500 futures are edging higher after posting 0.6% gains yesterday, while Dow Jones Industrial Average futures also are slightly higher after finishing marginally lower in the prior session. Bitcoin (BTCUSD) is 1% lower but still trading over $100,000, while yields on the 10-year Treasury note are little changed at above 4.6%. Oil and gold futures are higher.

2. Nvidia Stock Hits All-Time High, Rise Further on CEO Remarks

Nvidia (NVDA) shares are 2.5% in premarket trading after closing at an all-time high Monday as supplier Foxconn reported record revenue on strong artificial intelligence (AI) demand. Nvidia’s shares are rising further after Chief Executive Officer (CEO) Jensen Huang delivered remarks last night at CES in Las Vegas, where he touted the company’s progress on self-driving cars, robotics, and AI agents.

3. Uber Stock Gains on Nvidia Collaboration

Uber Technologies (UBER) stock is 2.5% higher in premarket trading after it announced a collaboration with Nvidia to support the development of AI-powered autonomous driving technology. “By working with NVIDIA, we are confident that we can help supercharge the timeline for safe and scalable autonomous driving solutions for the industry,” Uber CEO Dara Khosrowshahi said. Uber stock rose 2.7% Monday after the company said it was starting an accelerated $1.5 billion buyback plan.

4. Inari Medical Stock Soars on $4.9B Acquisition By Stryker

Shares of Inari Medical (NARI) are soaring 30% in premarket trading after Stryker (SYK) agreed to acquire the company in a $4.9 billion deal to merge the medical device makers. Stryker, which said the deal would be “highly complementary to” its Neurovascular business, agreed to pay $80 per share for Inari Medical, well above its Monday closing price of $65. Shares of Stryker are slightly lower.

5. Tencent Stock Sinks After Pentagon Adds It to ‘Chinese Military’ Blacklist

Shares of Tencent Holdings sank 7% in Hong Kong trading Tuesday after the WeChat parent was added by the U.S. Department of Defense to its list of “Chinese military companies.” Electric vehicle (EV) battery maker CATL,  a major supplier to Tesla (TSLA) and Jeep parent Stellantis (STLA), was also added to the list, sending its shares lower by 2% on the Shenzhen Stock Exchange. The designation doesn’t carry any penalties but bans the companies on it from doing business with the Pentagon.