Futures were narrowly mixed. Nvidia and Deckers extended big recent gains while Apple rose on rebounding iPhone sales in China.
Apple was one of the best performers in premarket trading as the stock rose 2.4%. The tech giant’s iPhone shipments in China surged 52% in April, Bloomberg reported, citing data from the China Academy of Information and Communications Technology. Competition in the Chinese market, and softening demand for iPhones, has been a major concern for investors as the shares have fallen 1.3% so far in 2024.
Nvidia is closing in on a $3 trillion valuation and this ultimate title after the AI leader's latest blowout earnings.