Snowflake Soars 30% After-Hours; Asia Pulls Back, US Futures Dip

Today's AI insights from 7horns.ai:This episode delivers crucial stock market analysis as Snowflake surged roughly 30% after-hours, propelled by a $6 billion Amazon Web Services deal and strong Q1 earnings, offering critical trading insights. In contrast, Asian markets collectively pulled back by approximately 2%, with Japan's Nikkei 225 down 0.47% and China's FXI declining 1.20%, setting a cautious global market outlook. US futures also dipped, reflecting this risk-off sentiment and demanding data-driven investing vigilance from investors regarding future earnings and financial news.AI insights powered by 7horns.ai. Visit 7horns.ai for your free daily AI market analysis.

You're listening to Seven Horns A I — your A I-powered market update. Good morning and welcome to your Thursday, May twenty-eighth pre-market briefing. It's six oh four A M Eastern Time. Overnight, Asian markets generally pulled back, setting a cautious tone for today. Japan's Nikk-kei two two five closed down zero point four seven percent at sixty-four thousand six hundred ninety-three point zero five, and Nikk-kei futures are pointing to continued softness, down about one point one percent. The F X I, representing China's large-cap shares, closed down one point two zero percent and is seeing a further drop of one point six four percent in pre-market. The Hang Seng Index also closed down one point four percent. The broader Asian equity markets collectively fell roughly two percent, snapping a five-day winning streak. Here in the U.S., futures are pointing modestly lower. S&P five hundred futures are at seven thousand five hundred thirty point five, down about zero point one three percent from the prior settlement. Nasdaq one hundred futures show the most pressure, off zero point two eight percent at twenty-nine thousand nine hundred sixty-three. Dow futures are down a fractional zero point zero nine percent at fifty thousand six hundred eighty-two. European markets, currently open, are also reflecting this broader risk-off tilt, with the developed international E F A exchange traded fund off one point two zero percent in pre-market. Yesterday was a quiet, mixed session where all three major indices notched fresh record closing highs, but with low volatility. The S&P five hundred finished essentially flat, up just zero point zero two percent. The Dow Jones Industrial Average was the relative outperformer, adding one hundred eighty-two point six zero points, up zero point three six percent. The Nasdaq Composite ticked up a fractional zero point zero seven percent. The biggest after-hours story yesterday was Snowflake, which reportedly surged roughly thirty percent after announcing a six billion dollar A W S deal and posting strong Q one results. Then, after the close, Nebius Group, or N B I S, announced its Q one earnings. The company delivered a clean beat with revenue exploding six hundred eighty-four percent year-over-year to three hundred ninety-nine million dollars, beating estimates. Adjusted E B I T D A swung to a positive one hundred twenty-nine point five million dollars. In a bold move, they raised their capital expenditure guide to twenty to twenty-five billion dollars for the full year. The stock is surging plus twelve point one percent after hours, spurred further by Leopold Aschen-brenner's hedge fund, Situational Awareness, disclosing a five point six percent stake in the company. In other earnings news, Marvell Technology, or M R V L, delivered a narrow beat on both its non-G A A P E P S and revenue. Revenue of one point nine billion dollars was up sixty-three percent year-over-year. However, the stock, which had rallied thirty percent in the past month, dropped four point five nine percent yesterday and another one point three nine percent after hours, in what appears to be a classic "sell the news" reaction. Looking at key individual stock movers in pre-market, Meta is adding to its strong yesterday, up another zero point five three percent. Microsoft is showing an interesting bounce, up one point zero four percent, suggesting dip-buyers are stepping in after yesterday's modest decline. Tesla, however, is a name to watch, up one point five six percent yesterday but now down one point three seven percent in pre-market, a notable reversal. Nvidia is seeing continued softness, down another zero point five zero percent. On the commodities front, oil is bouncing back. U S crude futures are up one point eight three percent to ninety dollars and thirty cents a barrel, reversing yesterday's four point three six percent decline. This comes as fresh U.S. defensive strikes against Iran reignite fears of supply disruptions. Gold, however, is not acting as a safe haven, off another zero point five eight percent in pre-market. Heading into today's open, the dominant theme remains U.S.-Iran tensions and their impact on oil prices, which directly feed into inflation concerns. Markets are also bracing for key inflation readings, with the P C E deflator in focus. Today will also see earnings reports from Costco, Dell, and Autodesk. That's your pre-market briefing from Seven Horns A I. Good luck out there today. Visit sevenhorns.ai for more.