Morning Movers: Nvidia up after report of potential China move on H200 chips

Stock futures are modestly lower, pressured in part by Intel’s sharp pre-market slide following a weak outlook from the chipmaker and ongoing geopolitical uncertainty. Markets are trading mixed and cautiously softer on Friday after a volatile week that has reflected shifting investor sentiment around geopolitics, earnings, and economic data. 

Early Friday softness underscores that markets have yet to fully shake off the risk-off behavior seen earlier in the week. Gold continues to draw strong demand, trading near record levels as the silver spot price has surpassed $100 per ounce. 

In pre-market trading, S&P 500 futures fell 0.19%, Nasdaq futures fell 0.23% and Dow futures fell 0.43%.

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

HIGHER –

• Life360 (LIF) up 23% after FY25 pre-announcement
• Nvidia (NVDA) up 1% after Bloomberg reported Chinese regulators have signaled that major tech firms, including Alibaba (BABA), Tencent (TCEHY), and ByteDance, can begin preparing orders for Nvidia’s H200 AI chips, indicating Beijing is close to formally approving these AI components

UP AFTER EARNINGS –

• SLM (SLM) up 8%
• Booz Allen (BAH) up 6%
• Intuitive Surgical (ISRG) up 3%
• CSX (CSX) up 2%

DOWN AFTER EARNINGS –

• Intel (INTC) down 12%
• Capital One (COF) down 4%