Target, Delta Air Lines, Nio fall premarket; Comcast, Keysight rise

Investing.com -- US stock futures edged higher Wednesday, with investors waiting for quarterly results from AI-heavyweight Nvidia amid heightened geopolitical tensions.

Here are some of the biggest premarket US stock movers today: Target (NYSE:TGT ) stock slumped 17% after the retailer reported third-quarter earnings that fell well short of analyst expectations and provided disappointing guidance for the full year. Comcast (NASDAQ:CMCSA ) stock rose 2.5% after the WSJ reported that the media giant was close to approving a $7 billion spinoff of its cable TV assets. Delta Air Lines (NYSE:DAL ) stock fell 0.7% after the carrier said it expected 2025 revenue to grow by only a mid single-digits percentage on a capacity growth of 3% to 4% for the year. Nvidia (NASDAQ:NVDA ) stock rose 0.4%, adding to the previous session’s near 5% gains ahead of highly anticipated quarterly earnings, due after the close. Keysight Technologies (NYSE:KEYS ) stock soared 8.8% after the manufacturer of electronics test equipment impressed investors with its fourth-quarter results, driven by savvy AI investments. JPMorgan Chase (NYSE:JPM ) stock fell 0.3% after Oppenheimer downgraded its stance on the banking giant to ‘perform’ from ‘outperform’, saying its valuation now aligns with the firm’s fair value model after strong post-election gains. STMicroelectronics (NYSE:STM ) ADRs fell 0.7% after the European semiconductor manufacturer extended its ambitious goal of achieving $20 billion in revenue and a gross margin of around 50% to 2030, a shift from its previous target of 2025-2027. AstraZeneca (NASDAQ:AZN ) ADRs rose 0.5% after UBS upgraded its recommendation for the pharmaceutical giant’s stock to "neutral" from "sell”, following a 24% decline in its share value over the last three months, driven by uncertainties surrounding ongoing Chinese government investigations and setbacks in key drug trials. Nio (NYSE:NIO ) ADRS fell 2.4% after the Chinese EV manufacturer reported a wider net loss for the third quarter as revenue declined, pressured by reduced selling prices amid fierce competition.

Source: Investing.com