S&P 500 futures are about -0.75% and Nasdaq-100 futures about -1.1% in early trading. Dynatrace led decliners at -14.69% after cutting full-year EPS guidance, while Fabrinet rose 15.45% on a fiscal Q1 beat.
Top News
S&P futures
S&P 500 futures about -0.75% and Nasdaq-100 about -1.1%, tied to a projected Democratic midterm sweep and a tech-led pullback (per Yahoo Finance, CNBC).
DT Dynatrace
Beat on fiscal Q2 adjusted EPS of $0.54 but cut full-year EPS guidance and set Q3 guidance below consensus, sending shares down about 15% (per Investing.com).
Marvell-Lumentum
Marvell agreed to buy Lumentum in a $115B all-stock deal, a bet that AI build-out keeps driving chip demand; Marvell shares dipped (per Reuters).
FN Fabrinet
Fiscal Q1 EPS of $4.34 beat about $4.19 and revenue of $1.47B topped about $1.40B; Q2 EPS guidance of $4.77 to $4.92 sits above the $4.41 Street view (per Benzinga).
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Trending on X
AMD Advanced Micro Devices
Booked a $1.07B non-cash charge on warrants granted to OpenAI and Meta and forecast faster 2027 data-center growth; shares rose about 8% after hours (per Reuters).
SHOP Shopify
Down 8.74% on the day, the biggest move among trending names.
ANET Arista Networks
Up 3.52% on the day.
SMCI Super Micro Computer
Up 3.12% on the day.
ALAB Astera Labs
Up 1.72% on the day.
AI Economy
ORCL Oracle-Tencent lease
The FT reported a canceled five-year deal covering about 100,000 AI chips in Southeast Asian data centers after Trump administration pressure; ORCL fell more than 2% overnight (per Financial Times).
AMD AMD warrant deals
A $1.07B non-cash charge on warrants tied to OpenAI and Meta agreements is now showing up in results (per Reuters).
Smart Money
AMZN Amazon
Top fintwit buy today; research surfaced no specific catalyst.
See all of today's top buys at fintwit.ai
AI Pick
No AI pick today
The AI rating feed returned no high-conviction names this morning.