Stock futures edged higher on Monday, setting the stage for a pivotal week with megacap tech earnings on deck.

Here are some of Monday's biggest stock movers:

Biggest stock gainers

• Shares of Trump Media & Technology Group (DJT) rose 15% after a weeklong rally of nearly 32%, as Donald Trump’s increasing odds in the 2024 presidential race drove momentum.
• Cryptocurrency-related stocks surged as Bitcoin (BTC) approached the $70,000 mark. Coinbase (COIN), MicroStrategy (MSTR), Mara Holdings (MARA), Riot Platforms (RIOT), and Bitfarms (BITF) all experienced significant gains of more than 5%.
• PROCEPT BioRobotics (PRCT) surged 26% after reporting a narrower Q3 loss and raising its FY2024 outlook. The company now forecasts FY2024 revenue between $222.5M and $223.0M, reflecting a 63%-64% growth rate, up from previous guidance of $217.0M. The gross margin is expected at 61%, an improvement from 59%. Adjusted EBITDA loss guidance reduced to -$60.0M, compared to prior view of -$67.5M.

Biggest stock losers

• Koninklijke Philips (PHG) shares plummeted 16% after the Dutch health-technology company lowered its full-year 2024 sales outlook due to weaker-than-expected demand in China. The company now expects comparable sales growth of 0.5% to 1.5% and free cash flow of around €900 million. While the company maintained its adjusted EBITA margin guidance at around 11.5%, the revised sales outlook has raised concerns among investors.
• Taiwan Semiconductor Manufacturing Company (TSM) shares declined 3% after reportedly halting shipments to China-based chip designer Sophgo. This suspension follows reports that a TSMC-made chip was found in a Huawei AI processor, according to sources. Sophgo had ordered chips from TSMC matching the one identified in Huawei's Ascend 910B processor. While Huawei is barred from accessing this technology due to U.S. national security restrictions, how the chip reached Huawei remains unclear. In addition, TSM’s founder reportedly cautioned over the weekend that the company faces its 'most severe' growth challenges yet as the U.S. further restricts the flow of advanced chips to China.