U.S. pre-market highlights, issues • $NVDA +0.30% : China is expected to approve some H200 chip purchases as early as this quarter. • $JEF -2.75% : Earnings were strong, but investors are focused on losses related to First Brands exposure. • $STZ +2.0% : Earnings report exceeds market expectations. • $APLD +4.6% : Both adjusted EPS and revenue exceed expectations. • $RTX +4.5% / $LMT +7.9% / $NOC +8.4% : Trump stated that the defense budget should be increased from the current $1.0 trillion to $1.5 trillion. • $ABBV -1.1% : Annual adjusted EPS guidance lowered. : $RVMD -7.3%, affected by denial of acquisition rumors. • $GOOGL +1.1% : Cantor Fitzgerald raises investment rating from 'Neutral' to 'Overweight'. • $MQ -9.5% : Mizuho lowers investment rating from 'Outperform' to 'Neutral'. • $AA -4.0% : JPMorgan lowers investment rating from 'Neutral' to 'Underweight'. ...