AMD, Nvidia, Tesla, Logitech, Activision and other stock movers

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Equity futures mostly traded higher as investors expected the Federal Reserve to avoid raising rates at Wednesday’s meeting after 10 straight hikes in more than a year.

These stocks were set to move on Wednesday:

Advanced micro-systems

(AMD) on Tuesday unveiled its new AI chip, the MI300X. Chief Executive Lisa Su said customers will start sampling the technology, which is a challenge for

Nvidia

of (NVDA) in the field of artificial intelligence – in the third quarter and production will increase in the fourth quarter. AMD shares fell 3.6% on Tuesday but rose 1.7% in premarket trading.

Nvidia
,

meanwhile, rose 0.9% to $413.76 in premarket trading. The chipmaker ended trading on Tuesday with a valuation of over $1 trillion, the seventh company to cross the threshold. Nvidia shares are up 181% this year.

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(TSLA) closed higher for a 13th straight session on Tuesday and was on pace to do 14 in a row with the electric vehicle maker’s shares up 2% in premarket trading. The stock has gained 41% over the past 13 sessions, which is the longest winning streak for stocks.

International Logitech

(LOGI) said Chairman and CEO Bracken Darrell would step down to “pursue another opportunity.” Shares of the electronics maker fell 9% in premarket trading.

Microsoft

(MSFT) $69 billion acquisition of

ActivisionBlizzard

(ATVI) was temporarily blocked by a California federal judge who issued a temporary restraining order to maintain the status quo after the Federal Trade Commission filed an emergency motion on Monday to halt the merger.

Microsoft

shares edged higher in premarket trading, while

Activision

fell 1%. The video game maker, meanwhile, revealed that Diablo IV crossed the $666 million mark in sales in its first five days, the best-selling opening in Blizzard history.

Mason

Lennar

(LEN) is expected to release its quarterly results after the close of trading on Wednesday.

Write to Joe Woelfel at joseph.woelfel@barrons.com