US Stock Premarket Key News Roundup: Nvidia Q2 Earnings Due Tonight
Odaily News In premarket trading, here are the key market and financial news investors need to watch:
1. The three major U.S. stock index futures are mixed. Dow Jones futures are up 0.11%, S&P 500 futures are down 0.05%, and Nasdaq 100 futures are down 0.28%.
2. International oil prices continue their decline. WTI crude oil futures are down 2.46% to $80.338 per barrel; Brent crude oil futures are down 2.12% to $85.420 per barrel.
3. International spot gold and silver prices are mixed. Spot gold is down 0.72% to $4,625.02 per ounce; spot silver is up 0.09% to $68.70 per ounce.
4. Europe's three major stock indices are edging higher. The UK's FTSE 100 is up 0.03%, France's CAC 40 is up 0.59%, and Germany's DAX 30 is up 0.45%.
5. Nvidia will release its Q2 fiscal 2027 earnings in the early hours of August 27 Beijing time. The market expects the company to report Q2 revenue of $92.2 billion and earnings per share of $2.09, while market expectations for Q3 revenue guidance have already risen to $103.7 billion.
6. Samsung Electronics and SK Hynix plan to increase their supply of 8-layer HBM4 memory to Nvidia in the second half of this year. It is understood that the 8-layer memory is highly likely to become the flagship product for the next-generation HBM4E.
7. SpaceX has announced plans to build a new Starship rocket launch site in southern Louisiana, with a total investment of $100 billion. Construction is set to begin next year, with the first Starship launch mission expected to take place in 2029.
8. Anthropic may disclose to IPO investors that its total addressable market (TAM) exceeds $30 trillion, and is seeking an IPO valuation of approximately $2 trillion, potentially raising up to $100 billion.
9. SoftBank Group is reportedly in discussions with investment banks regarding a potential bond issuance of $10 billion to $20 billion to help refinance its investment in OpenAI.
10. Waymo, Google's autonomous driving company, will launch autonomous driving tests in Munich, Germany, with plans to officially roll out ride-hailing services by the end of next year.
11. Barclays strategists noted that the continued expansion of U.S. AI infrastructure is sparking voter backlash, which could introduce political risks to the market's favored AI trades ahead of the U.S. midterm elections.
