Analysis of Pre-market Divergence in US Tech Stocks on December 23, 2025

On December 23, 2025, US tech stocks showed obvious divergence in pre-market trading: Tesla (+0.31%), Microsoft (+0.14%) and others rose, while NVIDIA (-0.48%), Apple (-0.06%) and others fell [0]. Among the rising group, Tesla benefited from Canaccord Genuity maintaining a Buy rating and raising the target price from $482 to $551, which has a 13.5% upside potential compared to the closing price of $485.56 on that day [1]; Microsoft was supported by the fact that 85% of open interest contracts in the options market were out-of-the-money call options with a strike price of $500, and analysts are optimistic about the AI-driven growth of its Azure, expecting the target price to exceed $600 [2]. Among the falling group, NVIDIA triggered supply chain strategic concerns due to Reuters’ report that it tested Intel’s 18A chip manufacturing process but did not commit to mass production [3]; Apple was affected by JPMorgan’s report on slowing demand for iPhone 17 [4]; Google’s market views on its cloud services and AI products were under pressure due to reports that Microsoft’s CEO was dissatisfied with the integration of Copilot with Gmail/Outlook [5]. No clear catalysts were found for Netflix, Meta, and Amazon; their rises and falls may be related to short-term capital flows or overall market sentiment.

This divergence shows that the tech sector is no longer a single investment target, and individual stock performance is highly dependent on their own short-term catalysts and fundamentals. Analyst ratings, options market signals, etc. can quickly affect individual stock trends, while structural factors such as supply chains and product demand also need continuous attention. In addition, competition and cooperation dynamics in the AI field (such as Microsoft Azure’s growth, potential cooperation between Intel and NVIDIA) have become important variables affecting the performance of tech stocks.

: Pre-market trading data is highly volatile, and the final closing price may differ from pre-market performance; stocks without clear catalysts (such as Netflix, Meta, Amazon) are prone to short-term sentiment impacts, with uncertainty. : For stocks with clear positive catalysts (such as Tesla, Microsoft), attention can be paid to the matching degree between their long-term fundamentals and analyst expectations; the divergence within the tech sector provides investors with opportunities for refined stock selection.

This pre-market divergence of US tech stocks reflects the market’s sensitive response to individual stock-specific factors. When investing in the tech sector, investors need to avoid treating the sector as a whole and should conduct independent analysis on factors such as analyst ratings, product demand, supply chain status, and industry competition for individual companies. Pre-market trading can be used as a reference for short-term sentiment, but decisions should be made based on long-term fundamentals and official closing data.