Stock futures were falling Wednesday after Google parent Alphabet reported quarterly revenue that missed Wall Street expectations and as investors awaited talks between President Donald Trump and Chinese President Xi Jinping as the countries levy tariffs on one another.

These stocks were poised to make moves Wednesday

Alphabet, the parent company of search giant Google, reported fourth-quarter earnings that beat analysts' estimates but the stock was falling 7% after revenue of $96.47 billion missed forecasts of $96.68 billion. Revenue at Alphabet's cloud business during the quarter of $11.96 billion, up 30% from a year earlier, also missed expectations of $12.19 billion. The company said it plans to invest $75 billion in capital expenditures in 2025 as it expands its generative artificial-intelligence initiatives.

Advanced Micro Devices posted fourth-quarter adjusted earnings of $1.09 a share that edged past estimates of $1.08. Revenue was $7.7 billion, above analysts' expectations of $7.5 billion, but a jump in data-center revenue of 69% to $3.9 billion was shy of projections of $4.1 billion. The chip maker forecast first-quarter sales of $7.1 billion at the midpoint of its range versus estimates of $7 billion. AMD shares fell 8.6%.

Apple declined 2.4% following a report from Bloomberg that said China's antitrust watchdog was considering launching a probe into the tech giant's policies and the fees it charges app developers. The State Administration for Market Regulation has been examining Apple's policies, which include taking a cut of as much as 30% on in-app spending, Bloomberg reported, citing people familiar with the matter.

Palantir Technologies Inc. fell 1.2% in premarket trading after shares of the AI software company finished up 24% on Tuesday at a record closing high of $103.83. The stock also set an intraday record high Tuesday of $106.91 after Palantir topped Wall Street's quarterly earnings expectations.

Snap Inc jumped 2% after the parent company of Snapchat reported fourth-quarter adjusted earnings of 16 cents a share, beating Wall Street estimates by 2 cents. GAAP earnings in the quarter were 1 cent a share, a swing from a year-earlier loss of 15 cents. The company also reported better-than-expected revenue of $1.56 billion, and said global daily active users in the period were 453 million. Analysts expected of 451.1 million. Snap said it expects first-quarter revenue of $1.33 billion to $1.36 billion, up 12% from 2024 at the midpoint. Analysts were expecting $1.33 billion.

U.S.-listed shares of Novo-Nordisk A/S rose 3.4% after the Danish drugmaker reported fourth-quarter earnings that beat analysts' expectations but forecast slower growth ahead. Novo Nordisk is the maker the widely popular weight-loss and diabetes drugs Ozempic and Wegovy.

Amgen's fourth-quarter adjusted earnings of $5.31 a share topped expectations of $5.08 as revenue in the period rose 11% to $9.09 billion. The biotechnology company said 10 products delivered at least double-digit sales growth in the period. The stock was down 1.5%.

Shares of Alibaba listed in the U.S. fell 2.4%, JD.com declined 3.3%, and PDD Holdings Inc slumped 6.2% as the Chinese e-commerce stocks took a hit from plans by the U.S. Postal Service to stop accepting parcels from China and Hong Kong.

Chipotle Mexican Grill was down 6% in premarket trading after the fast-casual restaurant chain posted solid fourth-quarter earnings but revenue of $2.8 billion missed analysts' expectations of $2.85 billion. Chipotle also reduced its fiscal year same-store sales outlook to an increase in the low to mid-single digits.

Enphase Energy said it anticipates first-quarter sales of between $340 million and $380 million, compared with analysts' consensus of $338 million. Shares of the solar-power company rose 5.6%.

Mattel surged 13% after the toy maker reported adjusted earnings of 35 cents a share in the fourth quarter on revenue of $1.65 billion, topping analysts' estimates on both metrics, and said it expects adjusted earnings of $1.66 to $1.72 a share in 2025, higher than estimates of $1.57.

Earnings reports are expected Wednesday from Walt Disney, Qualcomm, Ford, Uber, ARM Holdings, and MicroStrategy.

Walt Disney was down slightly in premarket trading. Wall Street expects the media and entertainment giant to report fourth-quarter earnings of $1.40 a share on total revenue of $23.9 billion, up 9% from a year earlier. Investors will be monitoring performance of Disney's experiences unit, which includes its struggling theme parks.