Stock futures were rising modestly Wednesday and Wall Street was on track to recover some losses from the previous trading session after Federal Reserve Chairman Jerome Powell pointed to a weakening labor market and risks to inflation -- putting the central bank in a tough position on interest rates.

These stocks were poised to make moves Wednesday:

U.S.-listed shares of Alibaba jumped 9.2% after the Chinese e-commerce and tech titan said it would increase spending on artificial intelligence and released a new AI language large model, Qwen3-Max. Without specifying an exact amount, CEO Eddie Wu said the company would invest more than $50 billion on AI and cloud infrastructure. Shares closed up 9.2% in Hong Kong.

Micron Technology rose 1.5% after the memory chip maker reported fiscal fourth-quarter earnings and revenue that topped analysts' estimates. Revenue rose 46% to $11.3 billion in the quarter, with sales from its high-end memory for artificial-intelligence data centers reaching 40% of total revenue in the period, up from 19% from a year earlier. For the current quarter, Micron forecast -- at the midpoint of its guidance -- adjusted earnings of $3.75 a share on revenue of $12.5 billion. Wall Street had been expecting first-quarter earnings of $3.10 a share on revenue of $11.91 billion.

Lithium Americas, which is developing a lithium deposit in Nevada to supply the critical mineral for batteries, soared 65% after Reuters reported the Trump administration was seeking an equity stake of as much as 10% in the Canadian company. The U.S. proposed an equity stake as it renegotiates terms of Lithium Americas' $2.26 billion Energy Department loan for its Thacker Pass lithium project with General Motors. "This is a great critical minerals deal," a Trump administration official told Barron's while declining to provide the exact share of the company that the government was seeking. "It's a small stake," the official said, adding that negotiations were ongoing. Peer lithium producer Albemarle rose 5%. General Motors was up 3%.

Kenvue Inc rose 3% after gaining 1.6% on Tuesday. Shares hit a record low Monday after President Donald Trump linked Tylenol to autism, urging pregnant women to not take the painkiller despite scientific data that showed it was safe. The Food and Drug Administration said it initiated a safety label change for the drug. Kenvue has declined 19% this year.

Plug was up 2% in premarket trading after falling 4.5% on Tuesday and snapping a nine-session winning streak. Shares of the provider of hydrogen technology have risen 61% in September.