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U.S. stock futures are edging higher; Nvidia (NVDA) shares are rising further in premarket trading after surging yesterday on the chipmaker's deal with a Saudi AI firm; Palantir (PLTR) stock is climbing further after closing at an all-time high; American Eagle Outfitters (AEO) shares are plunging after the clothing retailer pulled its 2025 outlook; and Super Micro Computer (SMCI) shares are soaring further after jumping 16% yesterday.  Here's what investors need to know today.

1. US Stock Futures Edge Higher

U.S. stock futures are edging higher after the S&P 500 and Nasdaq continued their rally Tuesday after the U.S. and China slashed tariffs on each other's imports. Nasdaq futures are 0.3% higher after the tech-heavy index added 1.6% yesterday. S&P 500 futures are up 0.2% after the benchmark index gained 0.7% in the prior session to return to positive territory for 2025. Dow Jones Industrial Average futures are little changed after the blue-chip index fell by 0.6% on the poor performance of constituent UnitedHealth Group (UNH). Bitcoin (BTCUSD) is slipping to trade at under $104,000. The yield on the 10-year Treasury note is little changed, while oil and gold futures are slightly lower.

2. Nvidia Stock Rises Further After Saudi AI Deal

Nvidia (NVDA) stock is rising 3% in premarket trading after surging Tuesday on news of the chipmaker's deal with a state-backed Saudi AI firm. Nvidia will sell Humain "several hundred thousand" advanced GPUs over the next five years, starting with an AI supercomputer powered by 18,000 GB300 chips. Nvidia's shares closed 5.6% higher yesterday, returning the company's market cap to above $3 trillion. The company's stock had lost more than 40% of its value between February and April amid concerns that moderating AI spending and the Trump administration's trade policies could weigh on sales.

3. Palantir Stock Surges Further After Closing at All-Time High

Palantir (PLTR) shares are rising a further 2% in premarket trading after the stock jumped 8% yesterday to close at a record high as optimism about easing tariffs has lifted artificial intelligence (AI) stocks. Last week, the stock fell nearly 12% the day after the company topped quarterly expectations and raised its full-year outlook, as investors apparently wanted more from the AI software darling. Having recovered from its recent dip, Palantir stock is up 70% in 2025 and more than 500% from a year ago.

4. American Eagle Outfitters Stock Plunges as Retailer Pulls Outlook

American Eagle Outfitters (AEO) shares are plunging 12% in premarket trading after the apparel retailer pulled its 2025 outlook as it issued preliminary first-quarter results. The company said Q1 revenue is expected to fall about 5% year-over-year, with comparable-store sales off about 3%. "We are clearly disappointed with our execution in the first quarter," CEO Jay Schottenstein said. American Eagle shares have lose nearly a quarter of their value this year entering Wednesday.