Key Points To Watch Out For:

• Nvidia shares suffer the largest losses in the semiconductor sector, impacted by competition from DeepSeek
• AT&T and Universal Music both see positive movements after major announcements
• U.S. Steel and Anglo American face legal and market difficulties

Nvidia (NVDA): Impact of the Rise of AI

Shares in Nvidia, a leading company in the semiconductor sector, dropped more than 8% in pre-market trading. This decline was triggered by concerns about emerging competition from Chinese start-up DeepSeek, which specializes in artificial intelligence. The downturn also affected other global players in the chip industry, highlighting the market’s sensitivity to increasing technological rivalry.

SoFi (SOFI): Expectations Ahead of Quarterly Results

The 4% drop in SoFi shares during pre-market trading sparked speculation among investors as the company is set to release its quarterly results on Monday. This report will be crucial for evaluating the financial platform’s performance and its strategic plan in navigating a challenging economic landscape

AT&T (T): Optimism After Solid Results

AT&T stood out by posting an increase in its share price during pre-market trading. This positive momentum was driven by robust quarterly results, signaling a strong start to a week filled with earnings announcements across global markets.

ASML (ASML): Losses in Europe

ASML shares tumbled 10% on European markets, reflecting widespread nervousness in the semiconductor industry. In Japan, SoftBank (JP:9984), renowned for building data centers for OpenAI, also experienced a decline. Meanwhile, in the United States, Vertiv (VRT), a provider of cooling systems for data centers, saw its stock fall by 12% in pre-market trading.

Universal Music (UMG): Strategic Agreement with Spotify

In contrast, Universal Music shares climbed 6% following the announcement of a multi-year agreement with Spotify (SPOT) aimed at bolstering its position in the streaming music sector. Spotify, however, saw its shares dip 3% in response.

U.S. Steel (X): Tensions Amid Internal Struggles

An activist investor has initiated a power struggle to remove the CEO of U.S. Steel and to halt litigation tied to its merger with Nippon Steel (JP:5401). Shares of the American steelmaker fell 2% in pre-market trading, reflecting growing uncertainty in the sector.

Anglo American: BHP Withdraws Takeover Bid

In London, Anglo American shares fell by more than 6% after the Financial Times reported that BHP does not intend to submit another takeover bid. This decision discouraged investors in the mining sector, adding pressure to Anglo American’s stock performance.