By WSJ Staff

Nvidia $(NVDA)$, Broadcom $(AVGO)$, Micron $(MU)$: Shares of chip makers and other companies tied to AI rose in premarket trading. Semiconductor stocks have been hit hard recently as investors worry about the impact of tariffs, and the potential for further export restrictions.

Ford $(F)$, General Motors $(GM)$, Stellantis (IT:STLAM): Auto stocks rallied, buoyed by hopes the Trump administration's 25% tariffs on Mexico and Canada won't last long. The industry relies heavily on a North American supply chain; auto stocks sold off Tuesday.

CrowdStrike $(CRWD)$: The cybersecurity company swung to a quarterly loss due to higher expenses, even as sales jumped. Shares fell more than 8% premarket.

Rheinmetall (XE:RHM), Saab (SE:SAAB.B), BAE Systems (UK:BA), Leonardo (IT:LDO): Germany paved the way to increase its defense spending, with plans to create a multi-billion-dollar off-budget infrastructure fund. European defense stocks rallied, bringing year-to-date gains for each of BAE Systems, Rheinmetall, Saab, Leonardo to at least 40%.

CK Hutchison (HK:1): A BlackRock $(BLK)$-led investor consortium agreed to buy majority stakes in ports on the Panama Canal from CK Hutchison, as part of a broader deal worth $22.8 billion. Shares in the Hong Kong conglomerate rose 22%.

Brown-Forman $(BF.B)$, Campbell's $(CPB)$ and Foot Locker $(FL)$ are among the companies due to report earnings before the opening bell.

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(END) Dow Jones Newswires

March 05, 2025 06:09 ET (11:09 GMT)

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