5 Things to Know Before the Stock Market Opens

Futures are pointing to a lower open for major indexes as tech stocks fall amid fresh concerns about AI spending; Nvidia shares are losing ground following a report that the chipmaker’s plan to invest up to $100 billion in OpenAI could be in trouble; Disney’s quarterly results topped Wall Street expectations as investors digest reports about an upcoming leadership transition at the media and entertainment giant; AI software maker Palantir is slated to report results after the closing bell today; and Oracle is planning to raise up to $50 billion this year to finance its AI infrastructure buildout. Here’s what you need to know today.

Futures Point Lower as Tech Stocks Fall

Stock futures are lower as investors prepare for another busy week of earnings and assess reports that sparked new concerns about AI spending. Futures tied to the S&P 500 and the tech-heavy Nasdaq were recently down 0.5% and 0.8%, respectively, while Dow Jones Industrial Average futures slipped 0.1%. The major indexes finished lower on Friday to cap off a volatile week of trading sparked by earnings reports from several Big Tech companies. Despite the volatility, the Dow and the S&P 500 managed to post gains in January.

Crude oil futures are down more than 4% this morning, trading at $62.25 per barrel, after President Donald Trump said negotiations are ongoing with Iran, easing fears of a sudden drop in supply if the U.S. uses military force. Gold futures are up 0.2% at $4,755 per ounce, recovering some of the ground lost Friday during a massive sell-off in precious metals. Bitcoin is also rebounding this morning, trading at $78,000 after sliding to around $74,500 late Sunday, its lowest level since last April. The yield on the 10-year Treasury note, which affects borrowing costs on all sorts of loans, was little changed at 4.23% recently.

Disney Tops Earnings Estimates Amid CEO Succession Reports

Shares of The Walt Disney Company (DIS) bounced between gains and losses this morning after the media and entertainment giant topped estimates in its latest quarterly report. Revenue came in at $24.98 billion, with adjusted earnings per share of $1.63, each figure beating the analyst consensus compiled by Visible Alpha. Streaming revenue grew by 11% year-over-year, while Disney’s Experiences segment, which includes Disney’s theme parks and cruises, posted a record $10 billion in revenue in the fiscal first quarter. Over the weekend, reports also emerged about the future of leadership at Disney. The Wall Street Journal reported Friday that CEO Bob Iger has told people close to him that he plans to step down before his contract is up at the end of 2026, with Bloomberg reporting Sunday that parks chief Josh D’Amaro is a likely choice to succeed Iger, with a vote expected in the coming weeks. Disney shares were down 2% in recent premarket trading.

Nvidia, OpenAI $100 Billion Investment Deal in Trouble, Reports Say

Concerns around the AI trade grew over the weekend following reports that the deal for Nvidia (NVDA) to invest billions in OpenAI, one of its most important customers, could be in trouble. The companies announced a signed letter of intent in September for Nvidia to invest up to $100 billion in OpenAI in stages as more data center capacity was brought online. The Wall Street Journal reported over the weekend that people inside Nvidia, including CEO Jensen Huang, have raised concerns about the deal. Huang has told others in the industry that the original announcement was never finalized, and has criticized a “lack of discipline” from OpenAI as it faces mounting competition from rivals Anthropic, Google and others, per the Journal. Huang told reporters during his international trip over the weekend that Nvidia still plans to be part of OpenAI’s next round of funding, but did not give a specific number. Nvidia shares were down 1.5% recently.

Palantir’s Results Due After The Closing Bell

Palantir (PLTR), one of the hottest stocks of the AI trade in recent years, is expected to report another record quarter of revenue as its government and private contracts continue to grow. Its stock has been under pressure, falling about 30% from the record high set just before its last earnings report, amid concerns that the rally that more than doubled the stock’s value in 2025 left the company overvalued. Analysts are somewhat divided on Palantir stock, with the nine analysts with current ratings tracked by Visible Alpha roughly split between four “buy” and five “hold” ratings. Palantir shares were up about 2% ahead of the opening bell after losing nearly 14% of their value last week.

Oracle Unveils $50B Fundraising Effort to Fund Infrastructure Expansion

Oracle (ORCL) plans to raise between $45 billion and $50 billion for a massive AI infrastructure expansion to meet demand from its $300 billion deal with OpenAI and other customers. In a release Sunday, Oracle said it will raise the money through a combination of debt and equity, including the sale of up to $20 billion in new shares. Oracle shares, which have lost more than half their value since hitting a record high in September, were up about 4% in recent premarket trading.