Svmuu News: Here are the key pre-market highlights for U.S. stocks:
1. Futures for the three major U.S. stock indices are all trading higher. Dow Jones futures are up 0.13%, S&P 500 futures are up 0.34%, and Nasdaq-100 futures are up 1.04%.
2. International oil prices edged higher. WTI crude oil futures rose 0.13% to $73.617 per barrel; Brent crude oil futures rose 0.60% to $78.485 per barrel.
3. International spot gold and silver prices rose across the board. Spot gold prices rose 0.99% to $4,117.39 per ounce; spot silver prices rose 2.21% to $59.55 per ounce.
4. Europe’s three major stock indices showed mixed performance. The UK’s FTSE 100 index fell 0.63%, France’s CAC 40 index rose 0.48%, and Germany’s DAX 30 index rose 0.29%.
5. Meta plans to begin production of its “IRIS” AI chip in September and aims to double its computing power to 14 gigawatts by 2027.
6. Samsung and SK Hynix have postponed the adoption of hybrid bonding packaging technology for the next-generation HBM4. Currently, industry forecasts suggest this technology may be applied as early as 16-layer HBM4E (7th-generation HBM) chips.
7. Micron Tech announced a strategic investment of up to $3 billion to strengthen the U.S. chip supply chain.
8. According to Morgan Stanley data, the valuation premium of “Magnificent Seven” relative to the other 493 stocks in the S&P 500 is currently only 10%—a 10-year low—which may signal a buying opportunity.