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 prof✤it estimates. Here's what investors need to know today.
1. US Stock Futures Point Lower on Disappointing Tech Resꦐults
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开奖号码历史查询:1.4% in the prior session. 澳洲幸运5开奖号码历史查询:S&P 500 and 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average futures also are pointing down. Bitcoin (BTCUSD) is rising slightly to trade below $99,000, while yields on 🎃the 10-year Treasury note are lower. Oil futures are declining while gold futures are moving higher.
2. Google Stock Plunges as Cloud Revenue Grow🌼s Les💙s Than Expected
Shares of Google parent Alphabet (GOOGL) are plunged 7% in premarket trading after the tech giant 澳洲幸运5开奖号码历史查询:report♉ed 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开奖号码历史查询𓃲:have $75 billio✱n in capital expenditures this year as it accelerates spending on 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) infrastructure.
3. AMD🎀 Stock Drops on Lower-Than-Expected Data Center Revenue
Advanced Micro Devices (AMD) shares are 澳洲幸运5开奖号码历史查询:dropping 9% in premarket trading after the 澳洲幸运5开奖号码历史查询:chipmaker'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开奖号码历史查询:earnings per share (EPS) of $1.09 also beat expectations.&n♎bsp;AMD's data center sales climbed 69% to a record $3.86 billion driven by demand for the company’s AI chips𓃲, but still missed the $4.12 billion called for by analysts.
4. Novo Nordisk Stock Rises on Sales Growth of Weiℱght-Loss 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开奖💜号码历史查询:better-than-estimated quarterly r꧙esults 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开奖号码历史查询: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-ꦛThan-Expected Q1 Revenue, Profit
Shares of The Walt Disney Co. (DIS) are rising about 1.5% in premarket trading after the entertainment heavyweight 澳洲幸运5开奖号码历史查询:rep🅺orted 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 report🧔ed that Disney+ had 124.6 million subscribers in the quarter, down slightly from 125.3 million last quarter, and it forecast another "modest decline" in subscribers for the current quarte🎃r.