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Home Depot, AMD, Keurig Dr Pepper Rise as Novo Nordisk Falls in Premarket Trading

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U.S. stock futures edged higher Tuesday morning, rebounding from the previous session's selloff as investors weighed global trade uncertainty and AI-related market concerns. Home Depot shares climbed 2.1% after the home-improvement retailer topped fourth-quarter estimates and maintained its annual forecasts, benefiting from resilient demand despite budget pressures. Novo Nordisk stock dropped 2.9% following a JPMorgan downgrade to 'neutral' after disappointing late-stage results for its obesity drug CagriSema showed weaker-than-expected competitiveness versus Eli Lilly's Zepbound.

Keurig Dr Pepper shares rose 2.1% on fourth-quarter results that exceeded expectations, with revenue guidance for fiscal 2026 impressing investors, driven by the anticipated acquisition of JDE Peet's. Advanced Micro Devices surged 10% after agreeing to sell up to $60 billion worth of artificial intelligence chips to Meta over five years, allowing the Facebook owner to purchase as much as 10% of the chip firm. Planet Fitness stock fell 4.9% after the fitness center operator reported a disappointing 2026 outlook despite topping fourth-quarter expectations.

Keysight Technologies stock soared 13% after forecasting second-quarter profit ahead of Wall Street estimates. DigitalOcean slipped 1.4% despite reporting fourth-quarter results that exceeded expectations and raising its revenue outlook for 2026 and 2027. The cloud infrastructure provider's stock remains up over 23% year to date.