A pre-market summary for US stocks: the S&P 500 may record its best quarterly performance in 6 years, Bernstein raises SanDisk price target to $3,000
Odaily Planet Daily News A pre-market summary for US stocks:
1. The three major US stock index futures edged lower. Dow Jones futures fell 0.11%, S&P 500 futures fell 0.10%, and Nasdaq 100 futures fell 0.14%. As of the previous trading day, the S&P 500 has risen 14% this quarter, on track for its best quarterly performance in six years.
2. International oil prices edged higher. WTI crude oil futures rose 0.49% to $71.096 per barrel; Brent crude oil futures rose 0.66% to $74.399 per barrel.
3. International spot gold and silver prices were mixed. Spot gold fell 0.07% to $4,013.60 per ounce; spot silver rose 0.15% to $58.36 per ounce.
4. Anthropic announced that its Claude large model is now fully available on Microsoft's Azure cloud platform, with underlying computing power supported by NVIDIA's GB300 Blackwell Ultra GPU.
5. Anthropic has reached a new agreement with Amazon, changing the billing model from per computing hour to per Token. Amazon may end up paying higher fees for this.
6. Bernstein raised its price target for SanDisk from $1,700 to $3,000. This is the highest price target given by any institution so far, representing an upside potential of about 50%.
7. The CEO of US nuclear power giant Exelon warned that due to pressure from growing electricity demand, the US could face blackouts as early as 2027, and AI giants are underestimating the "headwinds ahead".
