U.S. stock futures remained largely flat early Tuesday as global trade tensions intensified. President Donald Trump reaffirmed that tariffs on imports from Canada and Mexico will proceed once the current 30-day reprieve expires. Additionally, his administration is reportedly pushing for stricter U.S. semiconductor restrictions while urging key allies to tighten their own measures against China’s chip industry.

In the premarket trading, futures tied to the S&P 500 and Dow were up 0.05% and 0.13%, respectively. Nasdaq Composite futures were flat.

Here are stocks to watch today:

Chipmakers

Tokyo Electron (TOELY) and other Japanese chipmakers fell after Bloomberg News reported that the Trump administration is sketching out tougher versions of U.S. semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry. ASML Holding (ASML) was also a subject of the talks, the news agency said.

Nvidia

Nvidia (NVDA) stock was little changed in premarket trading on Tuesday as the AI chip powerhouse is set to release its fiscal fourth-quarter earnings on Wednesday after the bell. After Chinese AI startup DeepSeek spooked investors in January, Nvidia’s stock plunged 17%, wiping out nearly $600 billion in value — a record for a U.S. company.

Super Micro Computer

Super Micro Computer (SMCI) stock jumped by more than 4% in premarket trading following the Trump administration’s latest efforts to tighten semiconductor restrictions.

Strategy (formerly MicroStrategy)

Strategy (MSTR), formerly known as MicroStrategy, declined by 4% in premarket trading, following a recent drop in Bitcoin prices, which have fallen below $90,000. As the largest publicly traded corporate holder of Bitcoin, the company, led by Michael Saylor, owns approximately 471,107 Bitcoin.

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