Huo Xing Finance News, May 21: Pre-market highlights in U.S. equities: 1. All three major U.S. stock index futures declined: Dow Jones futures fell 0.25%, S&P 500 futures dropped 0.31%, and Nasdaq-100 futures slid 0.49%. 2. International oil prices rose intraday. WTI crude oil futures increased 2.50% to $100.714 per barrel; Brent crude oil futures rose 1.87% to $106.983 per barrel. 3. International spot gold and silver prices fell collectively. Spot gold declined 0.66% to $4,513.67 per ounce; spot silver dropped 0.96% to $75.09 per ounce. 4. Major European stock indices declined collectively: the UK FTSE 100 fell 0.35%, Germany’s DAX 30 dropped 0.59%, and Italy’s FTSE MIB index slid 0.52%. 5. U.S. initial jobless claims for the week ending May 16 came in at 209,000, slightly below market expectations. 6. NVIDIA CEO Jensen Huang stated on the earnings call that the company expects to begin production and shipping of its next-generation rack-scale AI system, Vera Rubin, in the second half of this year. 7. The U.S. government is reportedly allocating $2 billion to nine quantum computing companies, with the government receiving equity stakes; these transactions are still pending completion. 8. AMD announced mass production of its next-generation EPYC processors using TSMC’s 2-nanometer process technology. AMD also plans to expand its entire data center CPU roadmap to TSMC’s 2nm process technology. 9. Tesla produced its final batch of Model S/X vehicles; the facility will transition to a humanoid robot production line. 10. The FAA Administrator revealed that SpaceX aims to achieve 10,000 launches per year within five years, but noted that higher reliability must be demonstrated before such a plan can be approved. 11. NIO rose over 6% in pre-market trading after reporting an operating profit of RMB 66.8 million in Q1, marking its second consecutive quarter of profitability. (Kegubao Report)
MarsBit: U.S. Pre-Market Stock Futures Fall, Oil Rises, NVIDIA and AMD Announce AI and Chip Plans
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Summary
Futures market activity showed weakness ahead of Tuesday’s U.S. open, with major indices all trending lower. Oil prices rose, while gold and silver declined. NVIDIA’s CEO outlined plans for the Vera Rubin AI system, scheduled for 2026 production. AMD confirmed it will use TSMC’s 2nm process for its next-generation EPYC chips. Tesla has ceased production of the Model S and Model X, shifting focus to robot development. The U.S. government is reportedly investing $2 billion in quantum computing companies. The Fear & Greed Index remains in a cautious range, reflecting mixed market sentiment.
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