Microsoft, Nvidia, Boeing rise premarket; Uber, Nikola fall

investing.com:

Investing.com — U.S. futures edged higher Monday, at the start of a holiday-shortened week that includes the keenly-awaited release of the minutes from the most recent Federal Reserve meeting.

Here are some of the biggest premarket U.S. stock movers today:

Microsoft (NASDAQ:MSFT) stock rose 1.4% with the tech giant set to hire Sam Altman to lead a new advanced artificial intelligence research team, just days after the prominent AI-industry figure was ousted as CEO of OpenAI.

Nvidia (NASDAQ:NVDA) stock rose 0.7% ahead of Tuesday’s quarterly results, amid sky-high confidence the tech giant can outperform given the market’s enthusiasm for all things AI.

Uber (NYSE:UBER) stock fell 2.3% after the ride-hailing company announced plans to issue $1.2 billion of five-year convertible notes, subject to market conditions.

General Motors (NYSE:GM) stock rose 0.2% after Kyle Vogt, the CEO of the auto giant’s robot-taxi unit Cruise, resigned from the company as the company undergoes a safety review of its U.S. fleet.

Airbnb (NASDAQ:ABNB) stock rose 0.2% after the short-term accommodation rental company appointed Ron Klain, a former top advisor to U.S. President Joe Biden, as its chief legal officer.

Boeing (NYSE:BA) stock rose 1.3% after Deutsche Bank upgraded its investment stance on the aircraft manufacturer to ‘buy’ from ‘hold’, citing increasing commercial jet deliveries.

Nikola (NASDAQ:NKLA) stock fell 1% after the electric-truck maker said Chief Financial Officer Anastasiya Pasterick would resign to «pursue other opportunities» less than a year after taking up the role.