Stock Market Update

U.S. stock futures showed little change following a significant decline in the tech sector. Nvidia and other chipmaker stocks like Broadcom gained in premarket trading after a steep drop due to concerns over China’s DeepSeek AI model. General Motors reported better-than-expected revenue and adjusted profits, despite a net loss of nearly $3 billion due to one-time charges. Boeing’s stock edged lower after disclosing a fourth-quarter net loss that aligned with preliminary results, reflecting a challenging year marked by safety investigations and a strike. Smithfield Foods is set to begin trading today on the Nasdaq after pricing its IPO below the expected range, indicating lower-than-anticipated demand.