Electric carmaker Tesla is up around 40% since the presidential election earlier this month, over optimism that CEO Elon Musk's support for president-elect Donald Trump will result in looser regulations around autonomous driving.
Investors are also watching the stock as Musk gears up to take on the role of co-leading the proposed Department of Government Efficiency – also known as DOGE, as a nod to the billionaire's favourite cryptocurrency.
Shares in computer maker Dell rose last week on the back of Nvidia's (NVDA) highly-anticipated third quarter earnings release, as the chipmaker beat estimates on key metrics, which boosted partner stocks.
Dell stock remained in the green in pre-market trading on Monday morning, as investors looked ahead to the company's own quarter earnings, which are due out on Tuesday.
The computer hardware maker raised its annual revenue profit forecast on the back of its second quarter results, saying that it expected revenue to come in between $95.5bn and $98.5bn, according to Reuters.
In the second quarter, Dell reported a 9% rise in revenue year-on-year to $25bn, with server and network revenues soaring 80% to $7.7bn, linked to raising AI demand.
Yvonne McGill, chief financial officer at Dell Technologies, said that the company's momentum in its infrastructure solutions group business was a "significant tailwind", with a record revenue of $11.6bn, which was up 38% year-on-year.
This part of the business includes AI-optimised servers which are powered by Nvidia's chips.
Shares in video-conferencing provider Zoom were also trading slightly higher in pre-market trading on Monday, as investors looked to its third-quarter earnings release, due out later in the day.
Zoom's stock jumped after the pandemic-era tech darling posted stronger-than-expected second quarter results in August, with shares currently up more than 19% year-to-date.
Total revenue for the second quarter was up 2.1% year-on-year to $1.2bn. However, net income grew to $219m up from $182m in the second quarter of its previous fiscal year.
For the third quarter, Zoom guided to total revenue of between $1.16bn and $1.165bn, with income from operations of between $438m and $443m.
Zoom said it expected total revenue for the year to come in between $4.63bn and $4.64bn, with income of $1.79bn and $1.8bn.
In a third-quarter trading update, the retail company posted sales of £3.2bn (£4.02bn), which were flat year-on-year.
While Kingfisher said it believed its UK, Ireland and Polish markets were tracking to its higher end of its trading scenarios for this year, its French market was tracking at the low end of performance.
As a result of this and its performance year-to-date, Kingfisher tightened its full-year adjusted profit before tax guidance range to £510m to £540m, down from £510m to £550m.
Kingfisher also said it expected to see £31m impact next year on the back of chancellor Rachel Reeves' announcement in the budget that national insurance contributions for employers would be raised.
Russ Mould, investment director at AJ Bell, said: "Kingfisher has a growth problem and until the backdrop radically improves, it is stuck in quicksand, slowing sinking.
"The home improvement retailer continues to keep its chin up and offer reasons to be optimistic, but in reality, there is always something holding it back."
Shares in the FTSE 100 (^FTSE) Anglo American rose nearly 2% on Monday morning, after the mining giant said that it would generate a total of $4.9bn from the sale of its steelmaking coal business. This included the already announced sale of its interest in Queensland-based coal company Jellinbah Group for around $1.1bn, in addition to its deal with Peabody.
Duncan Wanblad, CEO of Anglo American, said: “The sale of our steelmaking coal business is another important step towards delivering the strategy that we set out in May to create a world class copper, premium iron ore and crop nutrients business."
AJ Bell's Mould said: "Anglo is prioritising copper, premium iron ore and crop nutrients – just at a point where metal prices have been weak due to global economic uncertainty. It needs to keep banging the drum that these areas have big opportunities longer term and that any short-term issues can be overcome."
“The streamlined strategy might help the business to have more focus but it also increases Anglo’s takeover appeal to a third party with a metal focus," he added.
Other companies in the news on Monday 25 November:
