U.S. Stocks to Watch: Nvidia, Micron, Uber, FuboTV, Aurora Innovation, Plug Power, Inari Medical, and More

Dow Jones
07 Jan

US stock futures were rising modestly Tuesday, a day after tech shares helped lift the S&P 500 to its second straight gain.

These stocks were poised to make moves Tuesday:

Nvidia - Nvidia rose 1.4% after the artificial-intelligence chip maker unveiled its next generation gaming graphic cards late Monday at the CES tech trade show in Las Vegas. CEO Jensen Huang announced the coming RTX 5090 card and three other models, all of which will use "Blackwell" architecture chips. "Blackwell, the engine of AI, has arrived for PC gamers," Huang said. The 5090 and 5080 will be available on Jan. 30, while other cards will be available starting in February.

On Monday, Nvidia set a record closing high on Monday, finishing up 3.4% at $149.43. At one point during the session Nvidia's market cap exceeded Apple's, but ended at $3.66 trillion versus Apple's $3.703 trillion.

Micron - Micron Technology jumped 5.4% after Nvidia's Huang, during his keynote address at CES, discussed the company's RTX 50 family of gaming chips and mentioned that Micron was providing memory for the graphics processing units. Micron shares closed Monday with a gain of more than 10%.

Uber - Uber Technologies was up 3.2% after the ride-hailing company said it was teaming with Nvidia to develop autonomous-driving technology.

Aurora Innovation - Aurora Innovation shares jumped 49% in premarket trading. Aurora, Continental, and Nvidia announced a long-term strategic partnership to deploy driverless trucks at scale, powered by the next-generation NVIDIA DRIVE Thor system-on-a-chip (SoC). NVIDIA’s DRIVE Thor and DriveOS will be integrated into the Aurora Driver, an SAE L4 autonomous driving system that Continental plans to mass-manufacture in 2027.

fuboTV - FuboTV was the big winner on Monday, rising 251%, after the company announced it would be merging its sports streaming service with Walt Disney's Hulu + Live TV service. In premarket trading, fuboTV rose an additional 14%.

Plug Power - Plug Power shares gained another 5.4% in premarket trading. The shares have jumped 19.8% on Monday and 12.9% on Friday. The Treasury Department issued new rules that would allow clean hydrogen companies to qualify for tax breaks if they capture and store carbon from the hydrogen production, or if they use clean electricity to make it.

Palantir - Palantir Technologies was up 0.2% in premarket trading to $76.33 after shares of the software company, which has leaned heavily into artificial intelligence, fell 5% on Monday after analysts at Morgan Stanley assumed coverage with an Underweight rating and set a price target of $60, implying downside of about 21%.

MultiSensor AI - Shares of MultiSensor AI Holdings rallied 69% after the company switched up its executive team in a move that it said is in preparation of rapid growth.

Inari Medical - Inari Medical was rising 21.2% to $78.79 after Stryker agreed to acquire the medical technology maker for $80 a share, or about $4.9 billion.

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