Stock index futures rose on Wednesday as traders continued to monitor developments in the Middle East and digested the better-than-expected labor report.
Here are the four stocks to watch on the day:
CoreWeave (CRWV) gained 5.80% in premarket trade after artificial intelligence search company Perplexity signed a deal to use the cloud computing firm’s data centers to build new AI services. CEO Mike Intrator told reporters that the deal is aimed at diversifying CoreWeave’s customer base. CoreWeave will also roll out Perplexity Enterprise Max across its organization to help employees search across the web and internal documents.
Novo Nordisk (NVO) rose 3.14% in premarket trade despite the FDA warning the Danish drugmaker for making “false or misleading” claims in a TV advertisement for its diabetes therapy Ozempic. In a letter dated Feb. 26, the agency stated that Novo Nordisk’s commercial, “There’s Only One Ozempic,” misrepresented the injectable’s approved uses and suggested, without sufficient evidence, that the drug was better than other GLP-1s approved for Type 2 diabetes. This marks the second time in less than a month the company has come under U.S. regulatory scrutiny over its GLP-1 promotional campaigns.
Meta (META) added 0.61% in premarket trade after The Wall Street Journal reported the company is setting up a new applied AI engineering organization to bolster its superintelligence efforts. According to an internal memo, the new organization will partner with Meta’s Superintelligence Lab to build “the data engine that helps our models get better, faster.”
Dycom Industries (DY) rose 6.1% in premarket trade after reporting record fiscal fourth-quarter results and issuing a fiscal 2027 outlook that calls for continued growth and margin expansion. For fiscal 2027, Dycom forecasts contract revenues of $6.85 billion to $7.15 billion, compared with the consensus estimate of $6.88 billion. The stock is up 151% in the past 12 months through Tuesday’s close.