US Stock Preview: Anthropic's Claude Demo, Storage Stocks Rise, Meta and AMD Deal.

US Stock Futures Rise Ahead of Market Open

On Tuesday morning, US stock futures showed positive movement across the board. As of now, the Dow futures are up 0.22%, Nasdaq futures are up 0.32%, and S&P 500 futures have seen a slight increase of 0.09%.

Notable Movements in Tech Stocks

Prominent tech stocks are experiencing gains in pre-market trading:

• AMD surged nearly 12%
• Micron Technology (MU) and ASML rose over 1%
• Microsoft (MSFT) and Google-A (GOOGL) saw minor increases
• Broadcom (AVGO) fell over 1%
• Tesla (TSLA) and NVIDIA (NVDA) dropped nearly 1%

Chinese Stocks Performance

Most Chinese stocks are down in pre-market trading:

• UMC increased over 5%
• ASE Technology (ASX) rose over 4%
• TSMC (TSM) gained over 2%
• Under Armour (AS) fell over 5%
• Alibaba (BABA), Pinduoduo (PDD), and Trip.com (TCOM) dropped nearly 1%

Semiconductor and Storage Stocks

Storage-related stocks are up, with SanDisk (SNDK) rising over 3%. Other notable movements include:

• Micron Technology (MU), Western Digital (WDC), Seagate Technology (STX), and Rambus (RMBS) all increased nearly 2%.

In the semiconductor sector, Astera Labs (ALAB) rose over 3%, while Qualcomm (QCOM) and TSMC (TSM) gained over 2%.

AMD's Major Deal with Meta

AMD has agreed to sell up to 6 gigawatts of AI chip computing power to Meta over the next five years, leading to a nearly 12% increase in AMD's stock. Meta is expected to start deploying the first gigawatt of computing power later this year.

Other Notable Earnings Reports

• Home Depot (HD) reported Q4 earnings of $38.198 billion, a 3.8% year-over-year decline, with adjusted EPS of $2.72.
• Vir Biotechnology (VIR) saw a massive 56% increase in pre-market trading after reporting Q4 revenue of $64.07 million, a 417% year-over-year increase.

Market Outlook

Investors are closely watching the upcoming State of the Union address by President Trump, scheduled for February 25, which is expected to address economic performance and living costs amid rising geopolitical tensions.