Nvidia, Tesla, KB Home rise premarket; Signet Jewelers falls

Investing.com -- US stock futures rose Tuesday, buoyed by talk of restrained tariffs ahead of the release of the more key inflation data.

Here are some of the biggest premarket US stock movers today: Nvidia (NASDAQ:NVDA ) stock rose 1.3%, bouncing after the tech giant logged four days of declines, on expectations that fresh U.S. export restrictions could hurt the company's revenues. Tesla (NASDAQ:TSLA ) stock rose 1.4%, helped by Morgan Stanley lifting its price target for the EV manufacturer’s shares, with a new bull case valuation of $800, citing its advancements in autonomous vehicle technology and its integration of embodied AI. Lululemon Athletica (NASDAQ:LULU ) stock rose 0.3% after the athleisure company lifted its holiday outlook for earnings and revenue. KB Home (NYSE:KBH ) stock soared 9.7% after the home building firm's fourth-quarter results surpassed analyst estimates on the top and bottom line. Applied Digital (NASDAQ:APLD ) stock rose 20% after the WSJ reported that investment bank Macquarie will invest up to $5 billion in the technology firm's AI data centers and will take a 15% stake in the company. Hormel Foods (NYSE:HRL ) stock fell 0.4% after the company said its CEO, James Snee, is set to retire at the end of 2025, after leading the company for nearly nine years. H&E Equipment Services (NASDAQ:HEES ) soared over 100% after United Rentals (NYSE:URI ), up 2.5%, said it would acquire its smaller rival in a deal valued at $4.8 billion, as it looks to tap into demand for equipment rentals. Signet Jewelers (NYSE:SIG ) stock fell 16% after the world's largest retailer of diamond jewelry announced a reduction in its fourth-quarter guidance for fiscal year 2025.

Source: Investing.com