5 Things to Know Before the Stock Market Opens

• HP Enterprise shares soared after posting adjusted earnings of 79 cents per share, surpassing Wall Street estimates following strong results
• Alphabet is raising $80 billion for AI infrastructure, including $10 billion from Berkshire Hathaway, which disclosed a stake in the company in late 2024
• Nvidia CEO Jensen Huang called Marvell Technology 'essential' for AI data centers and predicted it could become the next trillion-dollar company, sending Marvell shares to all-time highs

Market Summary: Pre-Market Tuesday Briefing

Market Overview:

Stock futures pointed lower Tuesday following record highs in major indexes. Dow futures fell 0.4%, while S&P 500 and Nasdaq futures declined 0.2% and 0.1%, respectively. The S&P 500 continues an eight-session winning streak with an 11% year-to-date gain.

Key Movers:

*HP Enterprise (HPE):* Shares soared after posting Q1 earnings of $0.79 per share, surpassing Wall Street estimates. The server maker's strong results were driven by robust AI infrastructure demand.

*Marvell Technology (MRVL):* Stock hit all-time highs following bullish comments from Nvidia CEO Jensen Huang, who predicted Marvell could become "the next trillion-dollar company." Huang emphasized Marvell's connectivity equipment as "essential" for evolving AI data centers. Nvidia expanded its partnership with Marvell in March.

*Alphabet (GOOGL):* Google's parent company is raising $80 billion for AI investments, including $10 billion from Berkshire Hathaway and $70 billion through a public offering ($30 billion underwritten, comprising $15 billion in depositary shares).

*Dollar General (DG):* Shares rose after reporting Q1 earnings of $2 per share, exceeding expectations.

Commodities & Rates:

• WTI crude oil: Down 1% to $91/barrel amid Iran-related tensions over Strait of Hormuz closure
• Gold: Up 1% to $4,555/ounce
• Bitcoin: Fell below $70,000 (first time since early April)
• 10-year Treasury yield: 4.43% (three-week low)

Upcoming Earnings:

Palo Alto Networks and Ulta Beauty scheduled to report after market close.

Market Implications:

Tech sector strength continues driving market momentum, particularly AI-related investments, while geopolitical tensions support commodity prices.