Intel Strengthens Nvidia Rises and What Happening in the Futures?

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•  02 Dec 2025
 

After a soft start to December, U.S. futures are now sitting in stable-to-positive territory. The key question on traders’ minds is whether yesterday’s pullback was just a minor stumble or the beginning of a broader slowdown. December has a strong historical track record, often delivering solid year-end performance, but recent volatility has clearly shaken short-term sentiment.

Today, trading in New York is looking more balanced, with early signs of optimism creeping back in. Investors are trying to assess whether the weakness seen yesterday was simply a technical correction or something more structural. Among the main pressure points were rising bond yields, a sharp sell-off in crypto, and weakness in technology stocks — the same stocks that powered much of November’s gains are now the ones dragging on the market.

All of this is unfolding as the market continues to price in a potential Federal Reserve rate cut on December 10. The probability of a cut has reportedly jumped to 88%. As investor and economist Yair Lapidot recently warned at an economic conference: “You can’t rise 20%–30% in a year without it ending in a correction.”

Still, futures suggest some stability is returning. Dow futures are up about 0.1%, S&P 500 futures are higher by roughly 0.2%, and Nasdaq futures are leading with a gain of around 0.4%.

Crypto Collapse Adds to the Pressure

In the crypto market, Bitcoin suffered a 6% drop in the previous session — its sharpest fall since March. That downturn spilled into crypto-related equities, with Coinbase and Robinhood both falling more than 4%. Even Google, one of November’s standout performers, slipped by roughly 1.7%. Palantir and Broadcom also moved lower, reinforcing the sense of weakness across the tech sector.

Rising bond yields added another layer of discomfort. Part of the move in yields is tied to concerns that Japan could move toward higher interest rates, making overseas assets more attractive and potentially triggering capital outflows from U.S. markets — money that has traditionally flowed into American equities over the years.

Despite these headwinds, history suggests December tends to be a strong month for stocks. Since 1950, the S&P 500 has averaged gains of more than 1% in December, making it one of the more consistently positive months of the year. Whether that seasonal pattern will repeat in the current environment remains to be seen.

Stocks in Focus Today:
Apple (AAPL) is trading slightly lower, down about 0.2% after a six-day winning streak. The company is entering a reshuffle in its artificial intelligence strategy following the departure of John Giannandrea, who previously led Apple’s AI and machine learning efforts. His responsibilities are being spread across various internal teams — a move that could signal either a renewed push in AI or uncertainty about the company’s direction in the post-ChatGPT era.

MongoDB (MDB) is surging roughly 23% in pre-market trading after significantly raising its full-year outlook. The company boosted its adjusted earnings forecast to $4.76–$4.80 per share, well above the previous guidance of $3.64–$3.73. Strong demand for its database solutions, fueled by the AI race, is being interpreted as another clear sign that artificial intelligence is translating into real revenue growth for infrastructure software providers.

Credo Technology (CRDO) is jumping about 18% after beating analyst expectations in its fiscal second quarter, both on revenue and earnings. The company benefits from the massive investments flowing into data centers and AI infrastructure, as its active electrical cables — critical for connecting AI servers to switches — remain in high demand. The market sees this as further evidence that spending on AI hardware is accelerating, not slowing.

Warner Bros. Discovery (WBD) is up approximately 2.1% following a report in The Wall Street Journal suggesting that takeover interest in the company is heating up. According to the report, Netflix has submitted an improved offer, while Paramount Skydance and Comcast have also made second-round bids. Although none of the companies have commented, the speculation alone has been enough to lift the stock.

Synopsys (SNPS) is adding around 1.5% in early trading after jumping nearly 5% in the previous session. The move follows Nvidia’s announcement that it acquired a $2 billion stake in the company. As a leading supplier of chip design automation tools, Synopsys stands to benefit from closer ties with one of the most powerful players in the semiconductor industry.

Albemarle (ALB) is inching about 0.7% higher, trading near $129.26 after Baird upgraded the stock to “neutral” from “underperform” and lifted its price target from $81 to $113. Even so, the new target is still about 13% below the current price, highlighting ongoing uncertainty around lithium demand and broader sentiment in the sector.

Marvell Technology (MRVL) is up roughly 1.2% ahead of its third-quarter earnings report, due after the close. Analysts are forecasting adjusted earnings of $0.74 per share on revenues of $2.07 billion, compared to $0.43 per share and $1.52 billion a year ago. Attention will be focused not just on the results, but on forward guidance and how much AI and cloud demand continue to support growth.

Other notable names on the earnings calendar today include Signet (SIG), American Eagle Outfitters (AEO), Asana (ASAN), CrowdStrike (CRWD), Okta (OKTA), and Pure Storage (PSTG), all of which could add to market volatility as their reports hit.

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