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postUS stock futures hit pause on Tuesday, with investors assessing next-generation AI roadmaps from Nvidia (NVDA) and AMD (AMD) as they continued to shrug off US designs on Venezuela.
Contracts on the S&P 500 (ES=F) hovered just below the flat line, while the tech-heavy Nasdaq 100 (NQ=F) nudged down roughly 0.2%. Dow Jones Industrial Average futures (YM=F) were also little changed on the heels of Monday’s record-setting rally.
Stocks are holding broadly steady as investors assess Nvidia and AMD’s competing roadmaps for future AI, laid out at the tech industry’s marquee CES show in Las Vegas. CEO Jensen Huang launched Nvidia’s next-generation Vera Rubin AI superchip platform alongside plans for a humanoid robot, while Lisa Su, AMD’s CEO, gave a first look at its rival Helios system and promised a massive performance boost in upcoming data center GPUs.
Updates from Intel (INTC), Qualcomm (QCOM) and other tech stalwarts at CES this week should fuel the revived hopes for the AI trade that buoyed stocks on Monday, even as markets shrug off the US ouster of Venezuela’s President Maduro.
Markets appeared to interpret the developments less as a source of global instability and more as a potential catalyst for US corporate opportunity, particularly in energy and defense. The reaction underscored investors’ continued appetite for risk as the new year gets underway.
In commodities, copper (HG=F) continued to surge after breaking above $13,000 a ton for the first time, hitting another fresh record as worries about potential Trump tariffs spur stockpiles in the US, leaving the rest of the world short.
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Nvidia’s $4 trillion stock rally faces more threats than ever
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Premarket trending tickers: Vistra, Novo, Microchip Technology, and Under Armour
Vistra (VST) stock rose 4% premarket on Tuesday following the news it had agreed to buy Cogentrix Energy for $4.7 billion amid surging power demand for AI data centers.
Novo Nordisk (NVO) stock climbed almost 5% before the bell on Tuesday after the company announced on Monday that patients will now be able to purchase the lowest 1.5mg and 4mg doses of its Wegovy pill for $149 per month in the US starting in April.
Microchip Technology (MCHP) stock edged up 4% higher during premarket trading after the tech company raised its forecasts for third quarter net sales on Monday.
Under Armour (UAA) shares rose almost 3% during premarket hours on Tuesday, after a filing revealed that Fairfax Financial Holdings (FFH.TO) owned just under 42 million shares of under armour, representing a 22% stake in the company.
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Chinese stocks rally to four-year high in strong start to 2026
China’s major stock markets climbed to multiyear highs on Tuesday as optimism over homegrown AI development continued to build amid signs of economic growth.
The benchmark CSI 300 Index (000300.SS) advanced 1.6% to reach its highest close since January 2022. Meanwhile, the Shanghai Composite Index (000001.SS) rose 1.5% to its strongest level in over a decade, with tech and materials names among best performers.
Asian stocks more broadly are having their best-ever start to a year, with currencies and bonds also making gains as investors hunt out investments beyond the US.
Bloomberg reports:
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AMD CEO Lisa Su reveals plans to take on Nvidia in AI race for 2026
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Copper blasts past $13,000 in record-setting rally
Bloomberg reports:
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Nvidia announces Vera Rubin, the next-generation superchip, at CES 2026
