Autodesk and Broadcom Drive Nasdaq to All-Time High

Stock futures were mixed in premarket trading on Monday, with Dow futures down 0.2%, S&P futures flat, and Nasdaq futures up 0.2%.

Investors are closely watching several key developments in the market, including GameStop’s annual meeting, Adobe’s legal troubles, Broadcom’s record high, Adidas’ investigation in China, Micron Technology’s price target increase, Autodesk’s activist investor push, and Primo Water’s merger announcement.

GameStop shares sank after an uneventful annual meeting, where CEO Ryan Cohen discussed plans to cut costs and focus on higher-priced items. Adobe faced charges of deceiving customers, while Broadcom hit a record high after announcing a stock split. Adidas is investigating kickback accusations in China, and Micron Technology saw a price target increase due to its AI reach. Autodesk’s stock jumped after activist investor Starboard Value pushed for changes, and Primo Water surged following a merger announcement with BlueTriton.

With these developments shaping the market, investors are keeping a close eye on how these companies navigate their respective challenges and opportunities.