MetaEra: Pre-Market Highlights Include Storage Giants' Q4 Earnings and SpaceX's AI Partnership

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Market news highlights include Q4 earnings from storage leaders SanDisk and Western Digital, along with SpaceX’s announcement of a partnership with NVIDIA to meet its AI computing needs. Pre-market trading shows S&P 500 and Dow Jones futures rising, while AMD shares fell over 8%.
ME AI Message: Ahead of U.S. markets, investors should pay close attention to the following key financial and economic news: 1. U.S. major stock indices futures edged higher. The Dow Jones Industrial Average futures rose 0.45%, the S&P 500 futures gained 0.49%, and the Nasdaq 100 futures increased 0.26%. 2. International oil prices rose amid volatility. WTI crude oil futures climbed 0.79% to $76.367 per barrel; Brent crude oil futures rose 1.40% to $80.468 per barrel. 3. International gold and silver spot prices both advanced. Spot gold rose 3.17% to $4,206.60 per ounce; spot silver increased 4.57% to $62.22 per ounce. 4. European major indices traded in a narrow range. The UK FTSE 100 rose 0.45%, France’s CAC 40 dipped 0.01%, and Germany’s DAX 30 gained 0.21%. 5. During SpaceX’s first earnings call, Musk pledged that SpaceX’s future AI services will be built entirely on NVIDIA’s systems, calling NVIDIA’s Vera Rubin architecture the “best AI computing architecture.” 6. On Thursday Eastern Time, 912 million shares of SpaceX’s restricted stock will unlock, representing approximately $114 billion in market value based on the August 4 closing price—the largest lock-up expiration in U.S. capital markets history. 7. Jensen Huang promoted his company’s new open-source autonomous driving model, Alpamayo 2 Super, in his third tweet, stating, “The next wave of AI will belong to robotics, and this wave will begin with autonomous driving.” 8. Storage leaders SanDisk and Western Digital will both release their fourth-quarter earnings after the U.S. market closes on Wednesday. Western Digital’s stock has more than tripled since the beginning of the year, while SanDisk’s shares have risen approximately 500%. 9. AMD fell over 8% pre-market; the company forecast Q3 revenue of $13 billion, above the market average expectation of $12.5 billion but below Wall Street’s most optimistic projections. 10. Pharmaceutical giant Eli Lilly rose nearly 5% pre-market after raising its fiscal year 2026 revenue guidance to $85–87 billion, up from the previous range of $82–85 billion. 11. Citadel’s flagship fund rose 5.9% in July, after acquiring a basket of AI stocks at a discount from the struggling hedge fund Situational Awareness. 12. Starting late this month, the U.S. will ban exports of tungsten scrap and recycled battery materials—specifically, metal fragments recovered from lithium-ion batteries—requiring them to be sold domestically. However, companies may still apply for exemptions. The ban will remain in effect for one year. (Source: ODAILY)
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