Stock Movers: Nvidia Competition, Tesla Upswing, Boeing Upgrade, and Domino's Earnings

Nvidia Faces AI Chip Competition

• 📉 Nvidia is experiencing a decline in pre-market trading due to reports of Chinese competitor Huawei preparing to test a new AI processor.
• 💡 Huawei's new chip aims to replace some Nvidia products, signaling resilience in China's semiconductor industry despite US efforts to curb its progress.
• ⚠️ The new Huawei processor is estimated to be two generations behind Nvidia's Blackwell chip.

Tesla's Market Momentum

• 🚀 Tesla is leading gains among the MAG 7 stocks, building on its best week of 2025.
• 🚗 The company is reportedly raising prices in Canada and encouraging buyers to purchase EVs before counter tariffs on US-made vehicles take effect.

Mergers and Acquisitions

• 🤝 Merck (Germany) is set to acquire US biotech firm Springworks Therapeutics for approximately $4 billion, funded by cash and debt.
• 🏥 This acquisition is expected to boost Merck's healthcare division upon deal closure.
• 📈 Springworks Therapeutics shares rose nearly 3.5% in pre-market trading following the announcement.

Domino's and Boeing Stock Movements

• 🍕 Domino's (DPZ) shares fell 3% pre-market after sales missed estimates and the company did not provide an outlook for 2025.
• 🌎 While international sales performed adequately, a decline in US same-store sales impacted the overall results.
• ✈️ Boeing (BA) shares increased by 1.6% following an upgrade by Bernstein, which cited growth potential on the horizon.
• 🤝 Additionally, Airbus divested some assets from Spirit, clearing the way for Spirit to be acquired by its former parent, Boeing.

Upcoming Earnings Season

• 📊 This week marks the busiest period for first-quarter earnings season, with $20 trillion in market capitalization set to report.
• 📅 Key tech giants like Meta and Microsoft are scheduled to report after the bell on Wednesday, followed by Apple and Amazon on Thursday.