US PRE-MARKET MOVERS: Mag-7, SMCI, CBRL, ODFL, NKE, ILMN

ES -0.9% NQ -1.4% RTY -0.8% Mag-7: NVDA -2.5% TSLA -1.5% MSFT -1.3% GOOGL -1.1% AMZN -0.8% META -0.8% AAPL -0.3% SMCI -12%: Launches $7bln equity raise CBRL +11%: Raised FY rev. & adj. EBITDA outlook ODFL -5.5%: Amazon expanded its LTL freight offering to all destinations in the US NKE -1.5%: Downgraded at RBC ILMN +2.7%: Upgraded at JPMorgan Semiconductor ETF SOXX -3.5% In Asia, and amid a broader decline in tech names, Japan’s Softbank, South Korea’s SK Hynix & Samsung Electronics & Taiwan’s TSMC all saw steep losses