Apple, Nvidia and Xpeng fall premarket; Alphabet rises

Investing.com -- U.S. stock futures edged higher Monday, with traders gearing up for a busy week that will feature the return of official U.S. economic data and key tech sector earnings.

Here are some of the biggest premarket U.S. stock movers today:

• Apple (NASDAQ:AAPL) stock slipped 0.9% after a federal jury in California said the tech giant owes medical-monitoring technology company Masimo, up 3.2%, a total of $634 million for infringing a patent covering blood-oxygen reading technology.

• Alphabet (NASDAQ:GOOGL) stock surged 4.3% after Berkshire Hathaway, up 0.2%, revealed a new position in the tech giant, a move that comes as Warren Buffett approaches the end of his six-decade tenure at the conglomerate.

• Nvidia (NASDAQ:NVDA) stock fell 0.7% after filings released over the weekend showed that billionaire investor Peter Thiel offloaded his nearly $100 million stake in the semiconductor giant, ahead of Wednesday’s quarterly earnings.

• WPP (NYSE:WPP) ADRs gained 4.9% after reports surfaced that the embattled British advertising and communications conglomerate has attracted interest from both strategic and financial buyers.

• Boeing (NYSE:BA) stock rose 0.2% after Dubai-based airline Emirates said it was ordering another 65 777-9 jets from the U.S. aircraft manufacturer, cementing its position as the world’s biggest buyer of wide-body jets.

• Xpeng (NYSE:XPEV) stock fell 3.7% after the Chinese car manufacturer reported a narrower-than-expected loss for the third quarter, while fourth-quarter revenue guidance missed expectations.

• Gap (NYSE:GAP) stock rose 1.9% after Barclays upgraded its stance on the clothing retailer to “overweight” from “equal-weight”, seeing “durable brand recovery” when looking past tariff pressures.

• Yum! Brands (NYSE:YUM) stock gained 0.9% after TD Cowen raised its recommendation on the quick-service restaurant group to “buy” from “hold”, expecting the “likely sale of Pizza Hut to amplify Yum’s growth profile.”

• Quantum Computing (NASDAQ:QUBT) stock soared 16% after the photonics and quantum optics tech provider reported higher third-quarter revenue.

• Zymeworks (NASDAQ:ZYME) stock surged 28% after the biotechnology company announced positive Phase 3 results for its Ziihera drug.