U.S. Stock Futures Rise as Nvidia Soars Meta Delays AI Launch and Doximity Plunges After Weak Forecast

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•  16 May 2025
 

Stock futures are climbing today, with the Dow slightly ahead of the Nasdaq and S&P 500, indicating a positive start to the trading session. Just three weeks ago, investors were in a panic over recession fears driven by new tariffs. Now, sentiment has flipped — indexes have surged 8–9% from the lows on the announcement day, driven by renewed optimism around manufacturing growth and expectations that tariffs might ultimately fuel the U.S. economy. Wall Street appears to be betting on Trump’s promise to “Make America Great Again,” and the markets are responding in kind.

Here are the top trending stocks today as U.S. stock futures continue to rise:

Nvidia ($NVDA) is up 0.8% in premarket trading, continuing its momentum after sealing a major deal with Saudi Arabia. The chipmaker has skyrocketed 50% in a month since bottoming at $87 and is now only 12% away from its all-time high.

UnitedHealth ($UNH) is rebounding, up 3.7% in early trading. The stock plunged 11% yesterday to a yearly low of $274.35 and is down 50% YTD. The company is under investigation by the U.S. Department of Justice over alleged Medicare fraud. The CEO’s recent resignation and withdrawal of its 2025 outlook led to a cumulative 32% drop over eight consecutive trading days.

Applied Materials ($AMAT) reported better-than-expected adjusted quarterly earnings, but shares are down 6% premarket due to a disappointing revenue forecast. The chip equipment giant expects Q3 revenue of $7.2 billion, slightly below the $7.22 billion consensus.

Take-Two Interactive ($TTWO) is down 3.3% premarket after issuing mixed quarterly results. The gaming company now forecasts FY2026 revenue of $5.95–6.05 billion — well below Wall Street’s $7.91 billion expectation — and announced that Grand Theft Auto VI will launch on May 26, 2026.

Netflix ($NFLX) is up 0.6% early, after closing yesterday at a record high of $1,178. The streaming giant's market cap has surpassed the $500 billion mark for the first time, now sitting at $501.3 billion.

Meta Platforms ($META) slipped 2.4% yesterday and is slightly lower again premarket. According to The Wall Street Journal, Meta is delaying the launch of its next-gen AI model, as engineers struggle to improve its performance.

Coinbase ($COIN) is bouncing back, up 1.6% after plunging 7.2% yesterday. The drop followed a report of a data breach that could cost up to $400 million and an ongoing SEC investigation into allegedly misleading user metrics. Coinbase clarified the probe concerns outdated benchmarks no longer used on its platform.

Cava Group ($CAVA) posted strong Q1 results, reporting 22 cents per share in adjusted earnings and $331.8 million in revenue, beating expectations. The Mediterranean fast-casual chain raised its full-year operating profit guidance to $152–159 million and plans to open 64–68 new restaurants in 2025. Still, shares are down 3.1% in early trading.

Doximity ($DOCS) is the day’s biggest loser, crashing 22% despite beating Q1 expectations. The health tech platform issued a weak revenue forecast of $139–140 million for the current quarter vs. the $143.3 million consensus. Full-year guidance also fell short of analyst expectations.

Upcoming earnings reports today include Flowers Foods,
Brady Corp and
RLX Technology