US Stock Market Pre-Market Key Updates: Nvidia's Market Cap Lost $1 Trillion in Less Than Two Months
Odaily Odaily Stock Market Pre-Market Highlights Are as Follows:
1. All three major US stock index futures fell. Dow Jones futures fell 0.86%, S&P 500 futures fell 0.61%, and Nasdaq 100 futures fell 0.86%.
2. International oil prices surged. WTI crude oil futures rose 4.73% to $73.770 per barrel; Brent crude oil futures rose 4.80% to $77.721 per barrel. On the news front, Trump claimed the US-Iran Memorandum of Understanding was "terminated."
3. International spot gold and silver both fell. Spot gold fell 0.82% to $4,072.07 per ounce; spot silver fell 2.37% to $58.53 per ounce.
4. Europe's three major stock indices all declined. The UK FTSE 100 fell 1.04%, the French CAC 40 fell 1.73%, and the German DAX 30 fell 1.82%.
5. Apple plans to purchase over $30 billion worth of US-made chips from Broadcom over the next five years, which will drive the production of over 15 billion domestic chips.
6. Amazon is secretly developing a high-cost Alexa project named "MOONRAKER," with GPU spending expected to exceed $100 million in 2026.
7. Nvidia's market cap evaporated by $1 trillion in less than two months. Its price-to-earnings ratio based on expected earnings over the next 12 months is 18 times, with valuations falling back to levels before the AI hype began.
8. Samsung Electronics has begun mass production of the advanced solid-state drive PM1763 for Nvidia's Vera Rubin platform. This storage device can reduce data latency for advanced processors and AI accelerators.
9. "Woodie" Cathie Wood's ARK Invest made significant adjustments to its portfolio, increasing its stake in SpaceX and reducing its holdings in AMD.
10. Bezos' commercial space company Blue Origin is raising $10 billion in funding at a pre-money valuation of $130 billion.
11. The Federal Reserve will release the minutes of its June meeting at 2:00 AM Beijing time tomorrow, with the market watching for signals from the first minutes under the new leadership.
