USA – Stocks to watch on Wall Street (updated)

Here are the key stocks to watch on Wednesday on Wall Street, where futures contracts on the major indices suggest an opening decline of 0.83% for the Dow Jones .DJI, 0.52% for the Standard & Poor’s 500 .SPX, and 0.65% for the Nasdaq.

* HOME DEPOT HD.N lowered its full-year profit forecast on Tuesday after quarterly earnings fell short of Wall Street expectations, as economic uncertainty related to tariffs dampened demand for home improvement and DIY projects.

Home Depot shares are down 2.2% in pre-market trading, while those of its competitor LOWE’S LOW.N are down 3.1%.

WALMART WMT.N and TARGET TGT.N are also scheduled to release their earnings this week, which should provide key insights into the health of the U.S. consumer.

NVIDIA NVDA.O – Shares of the chip giant, which fell 1.82% on Monday, declined another 1.2% in pre-market trading on Tuesday amid growing concerns about a potential speculative bubble in the artificial intelligence (AI) sector. The company will release its quarterly results Wednesday evening.

Major tech stocks are declining in pre-market trading, with AMAZON AMZN.O indicated down 2.2%, while ADVANCED MICRO DEVICES AMD.O, INTEL INTC.O, and BROADCOM AVGO.O are expected to open lower.

* ALPHABET GOOGL.O – Alphabet CEO Sundar Pichai said in an interview broadcast Tuesday that no company would emerge unscathed from a collapse of the AI-related stock rally, whose high valuations and massive investments are fueling fears of a speculative bubble.

Google’s parent company also gained 3.11% on Monday, reaching record highs, after BERKSHIRE HATHAWAY

BRKa.N announced it had acquired a $4.3 billion stake in the company.

* AMAZON AMZN.O and MICROSOFT MSFT.O – The European Commission has launched three investigations into the cloud computing services provided by the two American companies, under the Digital Markets Regulation (DMA), which aims to limit the power of tech giants and ensure a level playing field.

* APPLE AAPL.O – The iPhone accounted for a quarter of all smartphones sold in China in October, with sales up 37% year-over-year thanks to strong demand for the iPhone 17 series, according to data released Tuesday by Counterpoint.

Apple last achieved this level of market share in China in 2022, when competition in the high-end segment was less intense.

* AXALTA COATING SYSTEMS AXTA.N – Akzo Nobel AKZO.AS, the maker of Dulux paint, announced Tuesday its intention to acquire paint manufacturer Axalta Coating Systems in a deal that will create a combined company with an enterprise value of $25 billion (€21.56 billion). Axalta shares jumped 6.5% in pre-market trading.