US stock pre-market key news summary: Nvidia's market cap evaporates $1 trillion in less than two months

Odaily Planet Daily News US stock 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/barrel; Brent crude oil futures rose 4.80% to $77.721/barrel. On the news front, Trump stated that the US-Iran memorandum of understanding was "terminated".

3. International gold and silver spot prices collectively fell. Spot gold fell 0.82% to $4,072.07/ounce; spot silver fell 2.37% to $58.53/ounce.

4. The three major European stock indices all declined. The UK FTSE 100 fell 1.04%, the French CAC40 fell 1.73%, and the German DAX30 fell 1.82%.

5. Apple plans to purchase over $30 billion worth of US-made chips from Broadcom over the next five years, driving the production of over 15 billion domestic chips.

6. Amazon is secretly developing a high-cost Alexa project called "MOONRAKER", with GPU spending expected to exceed $100 million in 2026.

7. Nvidia's market cap evaporated $1 trillion in less than two months, with a P/E ratio of 18 times for expected earnings over the next 12 months, bringing valuations back to pre-AI boom levels.

8. Samsung Electronics has begun mass production of the advanced SSD PM1763 for Nvidia's Vera Rubin platform. This storage device can reduce data latency for advanced processors and AI accelerators.

9. Cathie Wood's ARK fund has made significant adjustments to its portfolio, increasing its stake in SpaceX and reducing its position in AMD.

10. Jeff Bezos' commercial space company Blue Origin is raising $10 billion 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. The market is focused on signals from Warsh's first meeting minutes.