Morning Movers: Corning skyrockets following Nvidia pact

Stock futures are higher across the board as oil drops sharply on growing expectations of a U.S.-Iran de-escalation. Crude has gone from the primary headwind to a tailwind almost overnight, falling back toward $100. Q1 growth is tracking near 25%-30%, one of the strongest rates since 2021, and estimates for the next 12 months are still being revised higher. AI remains the center of gravity. Semis and hyperscalers are leading again, with strong prints from names like AMD. Chip-driven rallies in Asia and Europe are also reinforcing that this isn’t just a U.S. story. 

In pre-market trading, S&P 500 futures rose 0.71%, Nasdaq futures rose 1.13% and Dow futures rose 0.90%.

Check out this morning’s top movers from around Wall Street, compiled by The Fly. 

HIGHER –

• Corning (GLW) up 19% after the company disclosed that, in connection with the long-term partnership with Nvidia (NVDA), Corning entered into a securities purchase agreement with Nvidia pursuant to which the company issued and sold to Nvidia a warrant to purchase up to 15M shares of common stock of the company

UP AFTER EARNINGS –

• AMD (AMD) up 14%
• Disney (DIS) up 6%
• Uber (UBER) up 6%
• CVS Health (CVS) up 5%
• Oscar Health (OSCR) up 9%
• Global Payments (GPN) up 7%
• Littelfuse (LFUS) up 7%
• Insulet (PODD) up 3%
• Instacart (CART) up 2%
• Apollo Global (APO) up 2%
• Marriott (MAR) up 1%
• Restaurant Brands (QSR) up 1%
• Fortis (FTS) up 1%
• Kraft Heinz (KHC) up 1%
• BorgWarner (BWA) up 1%

DOWN AFTER EARNINGS –

• Freshworks (FRSH) down 14%
• Angi Inc. (ANGI) down 11%
• United Therapeutics (UTHR) down 4%
• Skyworks (SWKS) down 4%
• SolarEdge (SEDG) down 2%
• Deluxe (DLX) down 2%
• Johnson Controls (JCI) down 1%