U.S. stock futures are trading higher this morning, indicating a positive start to the day. With no major economic data scheduled for release, investor focus will shift to company-specific news and earnings reports.
Stocks to Watch:
- Advanced Micro Devices, Inc.: Shares soared nearly 19% after Q1 results showed a 57% jump in data center revenue, driven by accelerating AI infrastructure demand.
- Meta Platforms, Inc.: The stock dropped 9% following its earnings report due to high AI capital expenditure guidance, but has since recovered.
- Nintendo Co., Ltd.: Announced a 20% price increase for its upcoming Switch 2 console in Japan amid rising costs.
- Sony Group Corporation: Set to report Q4 earnings today, with investors watching for forecasts on gaming sales.
- Oshkosh Corporation: Reports Q1 earnings pre-market, with analysts expecting a year-over-year decline in earnings per share.
Looking ahead, individual earnings reports will likely be the primary drivers of market movement throughout the trading session.