Stock futures edged higher Wednesday morning as investors digested mixed tech earnings and braced for the Federal Reserve’s interest rate decision later in the day. With expectations for the central bank to hold rates steady, the market will be closely watching for clues about the central bank’s future monetary policy path.

Here are some of Wednesday’s biggest stock movers:

Biggest stock gainers

• Advanced Micro Devices (NASDAQ:AMD) gained more than 9% following better than expected Q2 results, with top-line growth of about 9% driven by a 115% Y/Y rise in Data center revenue. The company expects Q3 revenue of $6.7B at the midpoint, vs. the consensus of $6.61B. Non-GAAP gross margin is expected to be approximately 53.5%.
• ASML Holding’s (NASDAQ:ASML) stock surged 7% following a report indicating a potential exemption from expanded export restrictions on chip making equipment to China. Barclays upgraded ASML to Overweight from Equal Weight, raising its price target by 24% to $1,243 from $1,005. Barclays projects ASML to grow 27% in 2025 and 15% in 2026.

Biggest stock losers

• Pinterest stock (NYSE:PINS) slid 15% following its Q2 earnings report, despite surpassing revenue and profit expectations. The company reported a 21% increase in revenues and a 12% year-over-year rise in global monthly active users to 522M, beating the Bloomberg consensus of 518.04M. Non-GAAP net income also jumped by 46%. However, the disappointing third-quarter guidance, forecasting 16%-18% growth to $885M-$900M versus analyst expectations of $909.5M, contributed to the stock’s decline. Additionally, Pinterest projected adjusted operating expenses to rise 17%-20% to $485M-$500M, excluding cost of revenue.