Good morning Wake-up Watchlisters! While you’re sipping coffee you’ll see stock futures bumped higher on Tuesday. The boost came after China’s Premier Li Qiang mentioned that domestic GDP growth would top 4.5% this quarter. There’s also plans for Beijing to boost demand open up ‘high levels’ of the economy to foreign investment, signaling a stimulus for the world’s second-largest economy.

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Snowflake Inc. (NYSE: SNOW)

Snowflake is up 2.84% premarket after Nvidia (NVDA) and Snowflake (SNOW) have formed a partnership to enable Snowflake’s extensive customer base of over 8,000 businesses to create their own generative AI assistants. The collaboration was unveiled during a fireside chat at the Snowflake Summit, featuring Nvidia CEO Jensen Huang and Snowflake CEO Frank Slootman.

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Walgreens Boots Alliance (Nasdaq: WBA)

Walgreens Boots Alliance is down 7.06% premarket after its third quarter earnings prior to the opening bell.

Analysts expect Walgreens Boots to post an adjusted bottom line of $1.07 per share, up 11.5% from last year, with revenues rising 5.1% to $34.25 billion.

Earlier this month, Walgreens Boots agreed a $500 million settlement with the state of New Mexico that settled claims linked to its role in the nation’s opioid crisis. The group detailed a $6.5 billion charge from settlements with several state attorneys general in January that it described as “in connection with the previously announced opioid litigation settlement frameworks and certain other opioid-related matters.”

Walgreens Boots shares, a Dow component, were marked 0.28% lower in pre-market trading to indicate an opening bell price of $31.50 each.

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NVIDIA (Nasdaq: NVDA)

NVIDIA is up 0.60% premarket following the announcement of a partnership with cloud computing firm Snowflake (SNOW). The collaboration involves integrating Nvidia’s NeMo enterprise framework, designed for constructing and deploying generative AI models, into Snowflake’s Data Cloud. This partnership enables businesses to access the crucial final stage in developing AI technology. The expanded market potential for Nvidia’s AI chips and servers prompted Morgan Stanley analyst Joseph Moore to raise his rating and price target on the company.

Unity Software Inc. (NYSE: U)

Unity is up 3.46% premarket after the real-time 3D content platform announced its launching a dedicated AI marketplace in its asset store. The marketplace will feature AI-driven game development and gameplay enhancements. Also, developers can now access and start creating with an ever-growing selection of AI tools.

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Those are the biggest stock movers for today.

Happy trading!

The Wake-Up Watchlist Research Team