Pre-market U.S. Stock News Roundup: Musk Plans to Renegotiate with TSMC

2026-11-03 21:13 (UTC+8)

Odaily reports: Ahead of the U.S. stock market open, investors should pay attention to the following key market and financial news:

1. The three major U.S. stock index futures are mixed. Dow Jones futures fell 0.70%, S&P 500 futures fell 0.15%, and Nasdaq 100 futures rose 0.35%.

2. International oil prices fluctuated upward. WTI crude oil futures rose 1.18% to $97.596 per barrel; Brent crude oil futures rose 0.41% to $105.196 per barrel.

3. International spot gold and silver both fell. Spot gold fell 0.29% to $3,935.21 per ounce; spot silver fell 2.00% to $49.61 per ounce.

4. The three major European stock indices all declined. The UK's FTSE 100 fell 0.68%, France's CAC40 fell 0.07%, and Germany's DAX30 fell 0.52%.

5. Apple CEO Ternus said at the earnings conference that rising memory prices are dragging down the company's gross margin sequentially in the new quarter, and memory costs are expected to be higher in the future.

6. Samsung Electronics will use its second wafer foundry in Texas to produce base dies for high-bandwidth memory chips for AMD and Nvidia. The plant is expected to officially break ground this month.

7. Musk has softened his stance on how the Terafab chip factory will cooperate with TSMC, and the two sides are preparing to renegotiate. TSMC may assume primary responsibility for the construction and operation of the fab.

8. Qualcomm announced that its first-generation high-bandwidth computing (HBC) technology has completed hardware validation, and the AI250 accelerator featuring this architecture is planned to be sampled in the first half of 2027.

9. Anthropic said it aims to exceed 3.5 gigawatts of computing capacity by the end of 2026, with next year's target doubled.

10. Morgan Stanley's CEO said that AI capital expenditure could reach $10 trillion to $15 trillion over the next decade. Currently, $2 trillion to $3 trillion in funding has been committed or already deployed.

11. Voting in the U.S. midterm elections officially began on November 3 local time. The election results will determine the balance of power in Congress over the next two years and affect the Trump administration's room to govern.