U.S. stock futures point lower as investors evaluate disappointing tech earnings; shares of Alphabet (GOOGL) sink after the Google parent's cloud revenue growth comes up shy of estimates; Advanced Micro Devices (AMD) stock drops after the firm's data center revenue falls short of expectations; U.S.-listed shares of Novo Nordisk (NVO) rise as Wegovy sales more than double year-over-year; and Walt Disney Co. (DIS) shares move higher after it beats revenue and profit estimat꧃es. Here's what investors need to know today.
1. US S🐷tock Futures Point Lower on Disappointing Tech Results
U.S. stock futures are pointing lower as investors react to disappointing earnings from tech firms. Nasdaq futures are nearly 1% lower after the tech-heavy index rose 澳洲幸运5官方开奖结果体彩网:1.4% in the prior session. 澳洲幸运5官方开奖结果体彩网:S&P 500 and 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average futures also are pointing down. Bitcoin (BTCUSD) is risinᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚg slightly to trade below $99,000, while yields on the 10-year Treasury note are lower. Oil futures are d💦eclining while gold futures are moving higher.
2. Google Stock Plunges as Cloud Revenue Gr𒈔ows Less Than Expected
Shares of Google parent Alphabet (GOOGL) are plunged 7% in premarket trading after the tech giant 澳洲幸运5官方开ꦉ奖结果体彩网:reported disappointing cloud revenue. Alphabet reported overall revenue grew 12% year-over-year to $96.47 billion, roughly in line with Visible Alpha estimates, and its earnings of $26.54 billion, or $2.15 per share, topped them. However, Google Cloud's 30% revenue growth to $11.96 billion missed expectations. The firm also reported that it would 澳洲幸运5官方开奖结果体彩网:have $75 b🉐illion in capital expenditu෴res this year as it accelerates spending on 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) infrastructure.
3. AMD Stock Drops on Lower-Than-Expected Data๊ Ce⛦nter Revenue
Advanced Micro Devices (AMD) shares are 澳洲幸运5官方开奖结果体彩网:dropping 9% in premarket trading after the 澳洲幸运5官方ꦿ开奖结果体彩网:chiꦑpmaker's data center revenues fell short of expectations. AMD's revenue grew 24% to a record $7.66 billion, above Visible Alpha consensus, while its adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.09 also beat expectations. AMD's data center sales climbed 69% to a record $3.86 billion driven 🎉by demand for the company’s AI chips, but still missed the $4.12 billion called for by analysts.
4. Novo Nordisk Stock Rises on Sales 𓄧Growth of Weight-Losౠs Drugs
U.S.-listed shares of Novo Nordisk (NVO) are rising 3% in premarket trading after the Danish drugmaker's 澳洲幸运5官方开奖结果体彩网:🎉better-than-estimated quaꦗrterly results offset slower 2025 sales growth projections. The maker of weight-loss drugs Ozempic and Wegovy reported that its quarterly sales grew 30% year-over-year to 85.68 billion 澳洲幸运5官方开奖结果体彩网:Danish kroner ($11.97 billion), above estimates, while its profit of DKK28.23 billion also beat expectations. Wegovy sales soared by 107% at constant exchange rates, 🌟while Ozempic sales rose 12%. Novo Nordisk also projected 2025 sales growth of 16% to 24% at constant exchange rates, below the 26% growth it produced in 2024.
5. Disney Posts Better-Than-Expected Q1 Revenue, Pr💃of♍it
Shares of The Walt Disney Co. (DIS) are rising about 1.5% in premarket trading after the entertainment heavyweight 澳洲幸运5官方开奖结果体彩网ౠ:reported first🍷-quarter revenue and profit that topped expectations. Disney posted net income of $2.55 billion, or $1.40 per share, on revenue of $24.69 billion, topping Visible Alpha estimates. The company reported that Disney+ had 124.6 million subscribers in the quarterꦡ, down slightly from 125.3 million last quarter, and it forecast another "modest decline" in subscribers for the current quarter.