Odaily Planet Daily report: Ahead of U.S. stock market opening, investors should pay close attention to the following key financial and market news:
1. The three major U.S. stock index futures all rose. The Dow Jones Index futures increased by 1.25%, the S&P 500 Index futures rose by 0.35%, and the Nasdaq 100 Index futures gained 1.11%.
2. International oil prices fell collectively. WTI crude oil futures dropped 3.33% to $77.663 per barrel; Brent crude oil futures declined 2.57% to $81.621 per barrel. On the news front, U.S. Treasury Secretary Bessent stated that the United States may reach an agreement with Iran tomorrow to reopen the Strait of Hormuz.
3. International spot gold and silver prices rose collectively. Spot gold prices increased by 0.43% to $4,072.67 per ounce; spot silver prices rose by 2.72% to $59.74 per ounce.
4. Europe's three major stock indices rose collectively. The UK FTSE 100 increased by 0.34%, the France CAC 40 rose by 0.32%, and the Germany DAX 30 gained 0.82%.
5. Pre-market trading saw a significant rally in the U.S. optical communications sector, with Coherent rising over 13%, Lumentum up more than 12%, Corning and Marvell Technology climbing nearly 8%. Memory stocks also advanced broadly, with SanDisk up over 5%, Micron Technology and SK Hynix rising more than 4%.
6. AI-focused stock Palantir surged 15% in pre-market trading. The company reported second-quarter revenue of $1.94 billion, exceeding market expectations, and raised its full-year revenue guidance to $8.15–8.16 billion.
7. The world's smallest GPU chip, TinyGPU v2.0, has reportedly passed real-world testing. The chip contains approximately 240,000 transistors, features 4-bit double buffering, and includes an 8-bit depth buffer stored in QSPI RAM.
8. SpaceX is designing its satellite system to accommodate the explosive growth in data demands driven by artificial intelligence, machine learning, and edge computing, with the goal of deploying a system of up to one million satellites. Meanwhile, SpaceX will release its first earnings report since going public after today’s U.S. market close.
9. TrendForce stated that the DRAM supply-demand imbalance will persist until 2027, and NVIDIA is evaluating a reduction in HBM configuration for the Rubin Ultra platform. Some cloud service providers are also considering lowering the HBM capacity design for their next-generation proprietary ASICs.
10. In July, Musk's net worth declined by $363 billion, a drop greater than the total net worth of any individual ranked second through tenth globally.