US stock futures (ES=F, NQ=F, YM=F) remain mostly flat in Wednesday's pre-market after the S&P 500 (^GSPC) erased 2025 losses in Tuesday's session.

Tech stocks are rallying, pushing market indexes higher. Nvidia (NVDA) and Super Micro Computer (SMCI) are in focus after inking AI deals with Saudi Arabia amid President Trump's visit to the Middle East.

Sony (SONY) and American Eagle (AEO) are forecasting profit hits and macroeconomic uncertainties, respectively, in relation to tariffs.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Video Transcript

00:00 Brad Smith

Welcome to Yahoo Finance’s flagship show, The Morning Brief. I'm Brad Smith, alongside Julie Hyman this morning. Let's get to the three things that you need to know today.

00:08 Julie Hyman

First up, US stock futures little changed this morning. That's after the S&P 500 wiped out its losses for the year. Shares of big tech stocks leading the market gains, as the AI trade gains traction on Wall Street.

00:19 Brad Smith

Plus Nvidia and Super Micro look to be some of the big beneficiaries of the AI deals being made during President Trump's visit to the Middle East. Bank of America saying Nvidia has a multi-billion dollar opportunity related to AI infrastructure projects with Saudi Arabia. Meanwhile shares of Super Micro surging after signing a $20 billion multi-year deal with Saudi Arabia based data center company, Datavolt.

00:42 Julie Hyman

And more companies are warning on tariffs. Electronics maker Sony warning of a $700 million hit from levies. But the company did did say it could raise prices as an option to deal with the hit. Meanwhile American Eagle shares are sinking as that company pulls its guidance for the year, citing macroeconomic uncertainties.  Related Videos

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