NVIDIA leads the tech giants in pre-market trading, while Alphabet lags behind
NVIDIA led the tech giants in pre-market trading on Thursday, with U.S. stock index futures slightly higher, following market turbulence on Wednesday surrounding the future direction of Federal Reserve Chairman Jerome Powell. TSMC raised its revenue growth forecast for 2025, boosting investor confidence in the momentum of global AI spending; this lifted semiconductor stocks in the U.S. and Europe. Among the tech giants, NVIDIA rose 0.9%, Meta increased by 0.7%, Amazon was up 0.3%, Tesla gained 0.3%, Apple rose 0.3%, while Microsoft was basically flat and Alphabet fell 0.5%. The Bloomberg Seven Giants equal-weight index rose 67% in 2024, with more than a doubling in 2023
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