Pre-Bell | Nasdaq Futures Slide 0.9%; AMD, Micron, Alphabet down 2%; ZIM Soars 35%; Masimo Surges 34%; Norwegian Cruise Line Jumps 8%; Hesai up 5%

01 Stock Market

As of Feb 17, U.S. stock index futures performed as follows: Nasdaq 100 futures fell 0.9%, S&P 500 futures fell 0.5%, and Dow futures fell 0.3%. The setup reflects pressure across megacap technology and semiconductors, while deal activity in healthcare and a major shipping acquisition help drive stock-specific moves. Traders remain focused on AI-linked spending and consolidation headlines as the opening bell approaches.

Notable Stock Movers: Shipping standout ZIM surged on a takeout agreement: ZIM up 35.09% at $29.99. Large-cap tech lagged broadly: NVDA down 0.80% at $181.34; AMD down 1.73% at $203.73; GOOG down 1.53% at $301.34; MSFT down 0.52% at $399.22; AMZN down 0.29% at $198.21; TSLA down 1.10% at $412.86. Select China ADRs advanced: BABA up 0.80% at $156.97; BIDU up 1.13% at $138.56; lidar maker HSAI up 4.85% at $27.00. Healthcare M&A talk lifted MASI (not in data list) in pre-market indications, with news flow citing gains of roughly a quarter at about $179.48.

Precious-metals-linked ETFs declined alongside a firmer dollar: GLD down 1.85% at $454.05 and SLV down 2.58% at $67.92, while leveraged silver AGQ fell 5.98% at $125.20. Semiconductor-levered products weakened, with SOXL down 3.38% at $62.41 and QQQ down 0.76% at $597.33, underscoring broad tech softness before the bell. Shipping headlines and selective China tech strength provided a counterbalance to AI spending concerns in megacaps.

02 Other Markets

• 10-year U.S. Treasury yield fell 0.38%, to 4.03%.

• U.S. Dollar Index rose 0.1576% to 97.24.

• WTI crude oil futures rose 1.35% to 63.74 USD/barrel; COMEX gold futures fell 1.66% to 4962.60 USD/ounce.

Activist Investor Jana Partners Builds Stake in Fiserv, WSJ Reports

Activist investor Jana Partners has built a stake in FISERV INC and is pressing the payments company to pursue steps to lift its lagging share price, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The size of Jana's stake, and whether the activist investor intends to seek board seats at Fiserv could not be determined, the report said.

Warner Bros Rejects Paramount's Revised Offer, but Gives Studio a Week to Negotiate Better Deal

Warner Bros. Discovery has rejected Paramount Skydance Corp latest $30-a-share hostile takeover bid, but is giving the Hollywood studio seven days to see if it can come up with a better deal to buy the owner of HBO Max and the "Harry Potter" franchise, Warner Bros said in a statement.

Paramount informally broached an ‌even higher share price, $31 a share, Warner Bros said, apparently enticing the board to the table.

The rival bidder now has until February 23 to submit its "best and final offer," which Netflix (NFLX) ‌is allowed to match under the terms of the merger agreement, Warner Bros said on Tuesday.

Activist Elliott Builds over 10% Stake in Norwegian Cruise Line, WSJ Reports

Activist investor Elliott has built a more than 10% stake in Norwegian Cruise Line and plans to push for changes within the cruise operator, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Shares of the company were up about 6% in premarket trading on Tuesday. The stock fell more than 13% in 2025.

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

Disclaimer: For informational purposes only; not investment advice.