Nvidia, Tesla and Kohl’s rise premarket; Best Buy, Hormel Foods fall

Investing.com -- U.S. stock futures rose strongly Thursday, with risk sentiment boosted by a court ruling stopping President Donald Trump’s extensive tariffs regime as well as healthy earnings from AI giant Nvidia.

Here are some of the biggest premarket U.S. stock movers today:

• Nvidia (NASDAQ:NVDA) stock soared 5.6% after the world’s most valuable semiconductor firm reported better-than-expected first-quarter results, benefiting from customers stockpiling its AI chips before fresh U.S. curbs on China exports took effect.

• Tesla (NASDAQ:TSLA) stock rose 2.2% after CEO Elon Musk confirmed he was leaving his role in the Trump administration, ensuring he can focus his energies on running the electric vehicle giant.

• Kohl’s (NYSE:KSS) stock gained 3.7% after the department store chain reported a smaller quarterly loss than its previous forecast and maintained its annual targets, as it focuses on turnaround efforts to cut costs.

• Best Buy (NYSE:BBY) stock fell 2.1% after the retailer slashed its outlook for fiscal 2026 to reflect the impact of tariffs, offsetting its better-than-expected results for the first quarter.

• Salesforce (NYSE:CRM) stock edged 0.1% higher despite the software firm posted fiscal first-quarter results that topped Wall Street expectations and raised its full-year guidance. The company recently announced the acquisition of cloud data management firm Informatica in an $8 billion equity deal.

• C3.ai (NYSE:AI) stock soared 13% after the enterprise artificial intelligence software company reported a better than expected quarterly financial report, even as it detailed a fiscal fourth quarter loss.

• Foot Locker (NYSE:FL) stock fell 0.1% after the footwear retailer reported first-quarter earnings and revenue that missed expectations amid softer traffic trends.

• Burlington Stores (NYSE:BURL) gained 8.8% after the retailer reported first quarter earnings that surpassed expectations, with CEO Michael O’Sullivan noting uncertainty around tariffs but expressing confidence in offsetting potential margin pressure.

• Hormel Foods (NYSE:HRL) stock fell 0.6% after the food processing company reported second-quarter earnings that met expectations, while revenue fell slightly short of estimates.

• JetBlue Airways (NASDAQ:JBLU) stock rose 4.6% and United Airlines (NASDAQ:UAL) stock gained 2.3% after the two carriers unveiled plans for a consumer collaboration that allows travelers to book flights on both carriers’ websites, while interchangeably earning and using points in their frequent flyer programs.