U.S. stock futures inched higher on Monday, with gains restrained ahead of key inflation data due later this week.

Here are some of the biggest premarket movers:

• Nvidia (NASDAQ:NVDA) slipped 0.8% and AMD (NASDAQ:AMD) dropped 1.8% after reports surfaced that both chipmakers may owe the U.S. government 15% of profits generated from AI technology sales to China.
• Apple (NASDAQ:AAPL) declined 0.5%, giving back some of last week’s gains despite announcing a series of U.S. investment initiatives.
• C3.ai (NYSE:AI) plunged 32% following a preliminary earnings release that fell well short of analyst forecasts.
• Gene therapy firms Sarepta Therapeutics (NASDAQ:SRPT) and Capricor Therapeutics (NASDAQ:CAPR) dropped 4% and 9%, respectively, amid news that Vinay Prasad, a vocal critic of U.S. COVID-19 mandates, is expected to return to the FDA.
• Intel (NASDAQ:INTC) climbed 1.7% after reports that CEO Lip-Bu Tan is scheduled to visit the White House, following calls from former President Donald Trump for his removal.
• Novartis (NYSE:NVS) ADRs gained 2.4% on positive Phase III trial results for ianalumab targeting Sjögren’s disease.
• Monday.com (NASDAQ:MNDY) shares tumbled 18% despite the company’s second-quarter earnings surpassing expectations.

Nvidia stock price

Advanced Micro Devices stock price

Apple stock price

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