Big techs rose in overnight trading. Tesla up 3%; Meta, Nvidia, Amazon, Alphabet up around 1%.

Musk said investors need to 'hang on to your stock'. "It's very difficult for people in the stock market — especially those that look in the rear-view mirror, which is most people — to imagine a future where suddenly a 10 million vehicle fleet has five to 10 times the usefulness," Musk told employees in a surprise all-hands meeting with Tesla staffers on last Thursday night.

Nvidia is back in the spotlight after Morgan Stanley came away “more positive” on the company following an analyst Q&A session at its GTC event.

Morgan Stanley analyst Joseph Moore noted that Nvidia's management sounded upbeat about its Blackwell architecture, even as some investors have started to waver. CEO Jensen Huang revealed that the four biggest cloud providers—Amazon (AMZN, Financial) Web Services, Azure, Google (GOOG, Financial) Cloud, and Oracle (ORCL, Financial) Cloud—have already ordered 3.6 million Blackwell GPUs for 2025. That's nearly three times the 1.3 million Hopper GPUs bought in 2024.

AI stocks rose in overnight trading. Palantir rose 2.8%; Super Micro rose 1.8% in overnight trading.

Palantir Technologies is no longer just a pioneer of Al-driven analytics - it is now partof a powerful triumvirate reshaping the American defense industry. The Denver-based big data firmhas formed a strategic alliance with Archer Aviation and defense tech innovator Anduril, This collaboration aims to transform national defense by integrating Al-powered datainsights, autonomous defense systems, and next-generation aerial mobility.

AI application software companires jumped in overnight trading. Tempus AI up 4%; AppLovin up 3.2%.