U.S. Market Pre-Open Highlights: SanDisk and Western Digital Q4 Earnings, SpaceX to Adopt NVIDIA AI Architecture

iconKuCoinFlash
Share
AI summary iconSummary
U.S. market pre-open updates show SanDisk and Western Digital set to report Q4 earnings after Wednesday’s close. SpaceX will utilize NVIDIA’s AI architecture, with 9.12 billion shares unlocking on Thursday, valued at $114 billion. AMD shares fell over 8% in pre-market trading despite surpassing revenue forecasts, while Eli Lilly rose nearly 5% after raising its 2026 outlook. The Fear & Greed Index in the digital asset market remains volatile amid mixed stock movements.

Odaily Planet Daily report: Before the U.S. stock market opens, investors should pay close attention to the following key financial news:

1. The three major U.S. stock index futures rose modestly. The Dow Jones Index futures increased by 0.45%, the S&P 500 Index futures rose by 0.49%, and the Nasdaq 100 Index futures gained 0.26%.

2. International oil prices fluctuated and rose. WTI crude oil futures increased by 0.79% to $76.367 per barrel; Brent crude oil futures rose by 1.40% to $80.468 per barrel.

3. International spot gold and silver prices both rose. Spot gold increased by 3.17% to $4,206.60 per ounce; spot silver rose by 4.57% to $62.22 per ounce.

4. Europe's three major stock indices fluctuated narrowly. The UK FTSE 100 rose 0.45%, the French CAC 40 fell 0.01%, and the German DAX 30 increased 0.21%.

5. Musk pledged on SpaceX’s first earnings call that SpaceX will build all its AI services exclusively on NVIDIA systems, calling the NVIDIA Vera Rubin architecture the “best AI computing architecture.”

6. On Thursday, Eastern Time, 912 million restricted shares of SpaceX will unlock, representing approximately $114 billion in market value based on the closing price on August 4, marking 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 close of trading on Wednesday in the U.S. markets. Western Digital’s stock has more than tripled since the beginning of the year, while SanDisk’s stock has risen by approximately 500%.

9. AMD shares fell more than 8% in pre-market trading; the company forecast third-quarter 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% in pre-market trading after raising its fiscal 2026 revenue guidance to $85 billion–$87 billion, up from the previous expectation of $82 billion–$85 billion.

11. The Castle Flagship Fund rose 5.9% in July, following the company’s discounted purchase of a basket of artificial intelligence stocks from the struggling hedge fund Situational Awareness.

12. Starting late this month, the United States will ban the export of tungsten scrap and recycled battery materials, including scrap metals derived from lithium-ion battery recycling, which will be required to be sold domestically. However, affected companies may still apply for exemptions. This ban will remain in effect for one year.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.