Pre-Bell | Nasdaq Futures Rise 0.6%; Nvidia, Micron Jump 3%; Novo Nordisk, Strategy Soar 7%; Roblox Surges 9%; Amazon Sinks 8%; Hims & Hers Health Tumbles 9%

01 Stock Market

As of Feb 6, U.S. stock index futures performed as follows: Dow futures edged higher, with E-mini Dow up 0.50%. S&P 500 futures advanced, with E-mini S&P 500 up 0.55%. Nasdaq 100 futures led gains, with E-mini Nasdaq 100 up 0.64%. The profile suggests a tech-led rebound into the open, with investors weighing sizable AI infrastructure spending against improving demand signals across cloud and semiconductors.

Notable Stock Movers: NVDA, MU up 3%. AMD up 2.44% at $197.20. MSFT up 1.18% at $398.31. TSLA up 1.37% at $402.66. PLTR up 4.39% at $135.72. AMZN down 8%. COIN up 5.29% at $153.85. ORCL up 1.22% at $138.15. INTC up 1.74% at $49.08. GOOG down 0.85% at $328.50. Novo Nordisk, Strategy rose 7%; Hims & Hers Health down 9%.

Momentum in semiconductors supports the bid in futures as investors digest cloud demand, CPU supply dynamics, and AI build-outs. Event-driven moves include social and gaming platforms: RBLX up 9% after long-term bookings guidance topped expectations, and RDDT up 7% after a revenue outlook beat alongside a repurchase authorization. Auto and industrials are mixed pre-bell: Stellantis faces sharp selling on large charges and a reset of EV targets, while clean energy names like BE rose 12% on record performance tied to AI data-center partnerships. Amazon’s drop reflects concerns about outsized capex versus near-term profitability.

02 Other Markets

• 10-year U.S. Treasury yield fell 0.19%, to 4.20%.

• U.S. Dollar Index fell 0.11% to 97.83.

• WTI crude oil futures fell 0.47% to 62.99 USD/barrel; COMEX gold futures rose 0.57% to 4917.50 USD/ounce.

03 Key News

Tesla Is Training Its AI Technology in China, Local Media Reports

Tesla Motors is operating an artificial intelligence training centre in China focusing on local application and assisted driving, Chinese media outlet Cailianshe reported on Friday, citing the company's Vice President Tao Lin.

Bitcoin Gets a Zero Price Target in Wake of Burry Warning

Richard Farr, chief market strategist and partner at Pivotus Partners, has issued a stark prediction for Bitcoin (BTC-USD), setting a price target of zero for the cryptocurrency.

“Our BTC price target is 0.0. That’s not just for shock factor. It’s where the math takes us,” the strategist said, noting that Bitcoin (BTC-USD) has failed to function as a dollar hedge and instead operates as “a speculative instrument correlated to the Nasdaq.”

Farr’s assessment aligns with warnings from Michael Burry, the investor known for predicting the 2008 financial crisis, who cautioned that falling Bitcoin (BTC-USD) prices could trigger a self-reinforcing “death spiral.”

Burry noted that Bitcoin, down more than 40% from its October peak, is now “exposed as a completely speculative asset” that does not qualify as a debasement hedge like gold (XAUUSD:CUR) or silver. “Sickening scenarios have now come within reach,” the investor wrote in a Substack post.

The speculative nature of Bitcoin (BTC-USD) has been amplified by its correlation with traditional markets, according to Burry, who noted that BTC’s correlation with the S&P 500 (SP500) has reached 0.50.

Stellantis Nosedives After EV Reset Leads to $26B Charge, Suspended Dividends

Stellantis NV fell sharply in early trading on Friday after the automaker issued preliminary results for the second half of 2025.

The company is overhauling its strategy after concluding it misjudged the speed of the energy transition and moved too quickly toward electric vehicles relative to actual customer demand. A new focus on "freedom of choice" will emphasize a broader mix of EVs, hybrids, and advanced internal combustion engine vehicles to better match customers’ real-world preferences and budgets. As part of this reset, Stellantis took approximately €22.2B ($26.2B) of charges in the second half of 2025, including about €6.5 billion of cash outflows expected over the next four years, which are excluded from adjusted operating income.

Sources: Reuters, Dow Jones, Tiger Newspress, public market data

Disclaimer: For informational purposes only; not investment advice.