Stock futures fell modestly Wednesday as the relief rally sparked by cease-fire talks between the U.S. and Iran looked set to run out of steam.
These stocks were making moves in premarket trading:
Broadcom rose 3% after the chip maker extended an existing deal with Meta Platforms to support the Facebook parent's artificial-intelligence infrastructure buildout. Broadcom said it would deliver Meta Training and Inference Accelerator chips, or MTIA, through 2029.
Nike added 2.8% after a form 4 filing showed that Apple CEO Tim Cook and Nike CEO Elliott Hill both bought about $1 million worth of shares in recent days. The sportswear retailer's stock is down 31% this year as investors fret about tighter margins and weak sales in China.
ASML declined 0.5% after the Dutch chipmaking equipment company beat analysts' expectations for first-quarter profit and raised its sales guidance. Investors may have been opting to take profit following a strong run for the company's American depositary receipts, which have more than doubled over the past 12 months.
GitLab jumped 7.6% after the maker of software-development tools said it would expand its collaboration with Alphabet's Google Cloud.
Nvidia slipped 0.5%, putting the chip maker on course to snap a 10-day winning streak. Shares had risen 19% over the streak.
Terawulf slumped 5.9% to $19.75 after the Bitcoin mining company guided for weaker first-quarter revenue than Wall Street was expecting and said it would raise $900 million to fund data-center construction with a common stock offering priced at $19 a share.
Bank of America, Morgan Stanley, PNC, Progressive, and J.B. Hunt Transport Services are scheduled to issue earnings reports Wednesday. Bank of America rose 0.5% in premarket trading and Morgan Stanley edged slightly higher.