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Stock market today: Dow, S&P 500, Nasdaq futures trade mixed as Palantir lifts tech hopes, earnings flow in

Posted By: keaton
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US stock futures mostly edged higher on Tuesday, eyeing a return to the new-month rally as earnings fueled faith in techs and the swings in precious metals continued with a jump higher.

Contracts on the tech-heavy Nasdaq 100 (NQ=F) moved up 0.4%, while those on the S&P 500 (ES=F) nudged up 0.1%. Dow Jones Industrial Average futures (YM=F) slipped 0.1%, after the blue-chip benchmark led gains on Monday with a 500-point advance.

The S&P 500 (^GSPC) is eyeing a fresh record after Palantir’s (PLTR) surprisingly strong quarterly results signaled the AI trade likely has a lot of room to run. Revenue at the data analytics firm surged, driven by demand for its AI platform, and its sales outlook topped estimates, sending its stock over 11% higher before the bell.

Elsewhere in AI, investors are monitoring Nvidia (NVDA) and OpenAI (OPAI.PVT) amid signs of cooling relations between the high-profile AI players. The startup’s dissatisfaction with Nvidia’s latest AI chips has bogged down talks with the chipmaker for a $100 billion investment — a plan its CEO Jensen Huang downplayed on Monday.

That has turned a spotlight on chipmaker AMD’s (AMD) after-hours earnings report, which should provide the best look yet at the AI trade amid those fears of Big Tech overspending and an AI bubble. Its results prepare the ground for quarterly updates from Amazon (AMZN) and Alphabet (GOOG), highlights in the 100-plus S&P 500 companies on the earnings calendar this week. Reports from Pepsi (PEP), Pfizer (PFE), and Chipotle (CMG) are on Tuesday’s docket.

Meanwhile, volatility continued to grip precious metals, as gold (GC=F) jumped 6% to eye its biggest daily gain since 2008, having notched its deepest daily drop in 43 years on Friday. An influx of dip-buyers was credited as silver (SI=F) also rebounded dramatically from Monday’s losses, surging over 12% as the dollar (DX-Y.NYB) fell.

LIVE 8 updates

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  • Silver’s runaway rally becomes ‘death trap’ for Reddit’s retail crowd

    Silver (SI=F) is surging almost 13% in premarket hours, bouncing back again as precious metals whipsaw after hitting the brakes on a historic run higher.

    But the transformation from record rally to brutal three-day rout has left traders stunned, battering the retail investors who powered its spectacular rise, per the Financial Times.

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  • Samsung’s best day since 2008 powers S. Korean stock rally

    Bloomberg reports:

    A global rush to secure memory chips for artificial intelligence is powering a renewed surge in South Korean equities, with chipmakers leading a rebound that pushed the Kospi (^KS11) to a fresh record on Tuesday.

    Samsung Electronics Co (005930.KS) shares jumped 11% on Korea Exchange, the most since 2008, while SK Hynix Inc. (000660.KS, HXSCL) added more than 9%. Both stocks recouped losses from the previous session.

    The benchmark Kospi climbed nearly 7%, extending its gain for the year to 25% and solidifying its status as the world’s best-performing equity index.

    Up more than 39% each this year, the chip duo have continued to set new records as investors embrace AI’s voracious demand for memory chips. Despite the torrid gains, few analysts see them as expensive thanks to strong earnings momentum and still-reasonable valuations.

    “The structural shortage in memory chips makes the continued growth of Samsung and SK Hynix inevitable,” said Kim Namho, a fund manager at Timefolio Investment Management in Seoul.

    Read more here.

  • NXP stock falls despite earnings beat as Automotive growth stabilizes

    NXP Semiconductors (NXPI) stock skidded over 5% lower in premarket hours after the semiconductor company’s Automotive revenue failed to impress investors.

    In the fourth quarter, NXP reported adjusted profits of $3.35 per share, surpassing Wall Street estimates for adjusted earnings of $3.31 per share. The company posted revenue of $3.34 billion, slightly above expectations for $3.3 billion.

    “Throughout 2025, we executed effectively despite a challenging first half, maintaining operational discipline while advancing our strategic priorities in software defined vehicles and physical AI,” NXP’s CEO Rafael Sotomayor said.

    Revenue growth for NXP’s Automotive segment, which contributes over half of NXP’s total revenue, moderated to a 5% annual rate from the third quarter’s 6% growth. The segment brought in $1.8 billion in Q4, which came in a bit lighter than expectations for $1.9 billion.

    The Industrial and Internet of Things unit reported 24% annual revenue growth ($640 million), the Mobile unit reported 22% revenue growth ($485 million), and Communication Infrastructure declined by 18% year over year ($334 million).

    For the first quarter, NXP forecast revenue of $3.15 billion at the midpoint and diluted earnings per share of $4.21, which were ahead of the Street’s estimates for $3.09 billion in revenue and $2.95 per share, according to S&P Global Market Intelligence.

  • Premarket trending tickers: Intel, Sandisk, Micron, AMD, and Alibaba

    Intel (INTC) stock rose almost 3% before the bell on Tuesday following the news that a subsidiary of Softbank (SFTBY, 9984.T), Saimemory had signed a partnership deal with the US chipmaker. The agreement will help advance the commercialization of the next-generation of memory technology, according to an announcement from the companies.

    Sandisk (SNDK) stock rose 4% during premarket hours after Bernstein SocGen raised its price target on the technology company to $1,000 from $580 and maintained an Outperform rating, citing the company’s positive second-quarter earnings report.

    Micron (MU) stock edged higher before the bell on Tuesday, climbing 2% after launching a $24 billion high-tech storage facility in Singapore to support its AI initiatives.

    AMD (AMD) rose 2% during premarket hours on Tuesday. The chip company is preparing to report its fourth quarter earnings today. AMD stock has been up 10% over the past month and risen 14% year to date.

    Alibaba’s (BABA) US shares dipped 2% before the bell today following a sell off in Chinese technology stocks due to concerns about authorities placing a tax on internet firms.

  • Palantir stock jumps after Q4 earnings beat on strong sales to US businesses

    Palantir stock (PLTR) surged around 12% in premarket trading after its late Monday earnings report, as US commercial and government revenue drove better-than-expected earnings in the fourth quarter.

    Yahoo Finance’s Laura Bratton reports:

    Read more here.

  • Gold climbs again after record breaking rally ends

    Bloomberg reports:

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  • TDK shares rise after issuing strong profit forecast

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