By Mackenzie Tatananni

Stock futures were falling Friday as bond yields crept upwards following a muted trading session on Thursday.

These stocks were poised to make moves Friday:

Tesla fell 1.4%, extending losses from Thursday, when the auto maker tumbled 1.8%. Tesla has gained 83% this year. The electric-vehicle maker is set to release fourth-quarter deliveries next week. Wall Street expects Tesla to deliver around 510,00 vehicles, an all-time record for any quarter.

Super Micro Computer declined 1.5% after falling 1.7% on Thursday. The stock has been tumultuous this year, rising as high as $119 and dipping as low as $18. While shares of Super Micro were initially swept up in a wave of enthusiasm for artificial intelligence, delayed financial reports and the resignation of the company's previous accountant battered the stock price back down. The server maker has gained 19% since Jan. 1.

Nvidia dipped 0.5% in premarket trading. Shares of the chip manufacturer have gained 183% this year. While Nvidia is best known as a producer of graphics processing units, or GPUs, the company has also developed an AI geospatial model of Earth. Dion Harris, the company's director of accelerated data center solutions, told Barron's that organizations like the National Oceanic and Atmospheric Administration have already adopted Nvidia's Earth-2.

Shares of Netflix tumbled 1.6%. The streaming service pulled off its coverage of two Christmas Day NLF games largely without a hitch, avoiding the lag and buffering issues that impacted the Jake Paul-Mike Tyson boxing fight in November. However, Netflix's success appears to have been priced into the stock. As the streamer continues to invest in live sports, some analysts have reiterated their bullish position while others remain cautious. The stock has risen 90% this year.

Rumble, the live-streaming platform, rose 3.3% after jumping 28% on Thursday. The stock has gained 262% this year. Rumble announced earlier this week that Tether, the issuer of a digital token of the same name, had agreed to invest $775 million investment in the company. The news came after Rumble's board approved the purchase of up to $20 million in Bitcoin in November.

Speaking of Bitcoin, the cryptocurrency was rising in premarket trading Friday. Bitcoin has climbed 1% to $96,430 in the last 24 hours, but is still on track for a second straight week of losses. The incoming Trump administration has promised to deregulate cryptos and create a national reserve of Bitcoin, fueling excitement in the digital currency.

Ethereum, XRP, and Solana have also gained over the past 24 hours, while Coinbase rose 0.2% on the back of Bitcoin's gains. Coinbase is the largest crypto trading platform in the U.S., with $185 billion in trading volume last quarter.

Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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December 27, 2024 07:17 ET (12:17 GMT)

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