Morning Movers: Nvidia higher after CEO joins China trip

Stocks are attempting to stabilize after Tuesday’s inflation-driven pullback, though they face an added headwind after April producer price inflation came in hotter than expected.

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Investors are also closely watching developments between President Trump and Chinese President Xi Jinping, with trade, AI and rare-earth supply negotiations in focus. Any signs of easing trade tensions could help improve sentiment, particularly for industrials and semiconductors, while renewed tariff escalation would likely add to inflation concerns.

In pre-market trading, S&P 500 futures fell 0.08%, Nasdaq futures rose 0.24% and Dow futures fell 0.52%.

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

HIGHER –

• Nvidia (NVDA) up 1% after Reuters reported President Trump added Nvidia head Jensen Huang to the CEO delegation traveling with him to meet Xi Jinping in China
• Orla Mining (ORLA) up 1% after Equinox Gold (EQX) and the company announced that they have entered into a definitive arrangement agreement for an at-market combination

UP AFTER EARNINGS –

• Velo3D (VELO) up 20%
• Tower Semiconductor (TSEM) up 14%
• Arteris (AIP) up 6%
• Kornit Digital (KRNT) up 1%

DOWN AFTER EARNINGS –

• Wix.com (WIX) down 21%
• Dynatrace (DT) down 12%
• Karman (KRMN) down 8%
• Birkenstock (BIRK) down 5%
• Alibaba (BABA) down 2%
• Oklo (OKLO) down 2%