{"id":72466,"date":"2026-10-01T08:08:17","date_gmt":"2026-10-01T12:08:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-pre-market-tech-giants-rally-as-amazon-inks-20-year-nuclear-deal\/72466\/"},"modified":"2026-10-01T08:08:17","modified_gmt":"2026-10-01T12:08:17","slug":"us-pre-market-tech-giants-rally-as-amazon-inks-20-year-nuclear-deal","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-pre-market-tech-giants-rally-as-amazon-inks-20-year-nuclear-deal\/72466\/","title":{"rendered":"US Pre-Market: Tech Giants Rally as Amazon Inks 20-Year Nuclear Deal"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) and Constellation Energy (<a href=\"\/stock\/CEG\">CEG<\/a>)<\/strong> announced a landmark <strong>20-year power purchase agreement<\/strong> to expand the Calvert Cliffs nuclear plant, driving a <strong>3.8% surge<\/strong> in <strong>CEG<\/strong> shares.<\/li>\n<li><strong>Alphabet (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>)<\/strong> shares rose <strong>2.3%<\/strong> following the unveiling of <strong>Gemini 4 Argon<\/strong>, its most advanced AI model designed for deep reasoning and cybersecurity defense.<\/li>\n<li><strong>Accenture (<a href=\"\/stock\/ACN\">ACN<\/a>)<\/strong> jumped <strong>10%<\/strong> in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a> after reporting a <strong>fourth-quarter revenue beat<\/strong> and providing a robust profit outlook for fiscal 2027.<\/li>\n<li><strong>Morgan Stanley<\/strong> maintained an <strong>Overweight<\/strong> rating on <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong>, forecasting a major multi-year product cycle under new CEO <strong>John Ternus<\/strong> with earnings potentially reaching <strong>$11 per share<\/strong> by FY28.<\/li>\n<li><strong>US Treasury yields<\/strong> edged lower, with the <strong>2-year note dipping 3 basis points to 4.86%<\/strong>, as markets digested hawkish commentary from Minneapolis Fed President <strong>Neel Kashkari<\/strong>.<\/li>\n<\/ul>\n<h2>Tech and Energy Lead Market Gains<\/h2>\n<p><strong>Constellation Energy (<a href=\"\/stock\/CEG\">CEG<\/a>)<\/strong> is among the top pre-market movers, climbing <strong>3.8%<\/strong> after securing a <strong>20-year deal<\/strong> with <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong>. The agreement supports a <strong>$3 billion investment<\/strong> to upgrade the Calvert Cliffs nuclear plant in Maryland, adding <strong>190 megawatts<\/strong> of new carbon-free capacity to support Amazon&#39;s massive data center expansion.<\/p>\n<p><strong>Alphabet (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>)<\/strong> gained <strong>2.3%<\/strong> as it introduced <strong>Gemini 4 Argon<\/strong>, a &quot;frontier intelligence&quot; model. The new model is currently being rolled out to trusted partners through the <strong>Fairwind Program<\/strong>, with Google claiming it matches or exceeds rival benchmarks in complex software engineering and financial reasoning tasks.<\/p>\n<h2>Earnings Beats Drive Individual Movers<\/h2>\n<p><strong>Accenture (<a href=\"\/stock\/ACN\">ACN<\/a>)<\/strong> shares soared <strong>10%<\/strong> after the company surpassed analyst expectations for both its top and bottom lines. The consulting giant reported <strong>$18.7 billion<\/strong> in quarterly revenue and a record <strong>$11.5 billion<\/strong> returned to shareholders in fiscal 2026, signaling strong corporate demand for AI-driven digital transformation.<\/p>\n<p><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology (<a href=\"\/stock\/MU\">MU<\/a>)<\/strong> saw volatile trading, up <strong>0.5%<\/strong> following its latest earnings report. While the company posted strong numbers driven by <strong>AI-driven memory demand<\/strong>, its gross margin guidance for the upcoming quarter slightly missed analyst estimates, leading to a <em>choppy<\/em> initial reaction from investors.<\/p>\n<h2>Analyst Outlook and Macro Signals<\/h2>\n<p><strong>Morgan Stanley<\/strong> issued a bullish note on <strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>)<\/strong>, suggesting the company is entering its most consequential innovation cycle in over a decade. Analysts believe the leadership of new CEO <strong>John Ternus<\/strong> will drive four consecutive years of iPhone unit growth, setting a price target of <strong>$355<\/strong> despite a minor adjustment from $360.<\/p>\n<p>On the macroeconomic front, <strong>Federal Reserve<\/strong> official <strong>Neel Kashkari<\/strong> noted that the economy remains &quot;surprisingly resilient&quot; but warned that housing-adjacent sectors are under pressure. Meanwhile, <strong>ECB&#39;s Joachim Nagel<\/strong> emphasized that the central bank&#39;s focus remains strictly on <strong>price stability<\/strong> rather than targeting specific bond yield levels, as German 10-year yields hover near <strong>3.6%<\/strong>.<\/p>\n<p>In political news, <strong>Donald Trump<\/strong> stated in a <em>TIME<\/em> interview that the U.S. would &quot;soon be filling up&quot; the <strong>Strategic Petroleum Reserve (SPR)<\/strong>. The comments come as the reserve sits at multi-decade lows following emergency releases earlier in the year to combat rising gasoline prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Amazon (AMZN) and Constellation Energy (CEG) announced a landmark 20-year power purchase agreement to expand the Calvert Cliffs 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