US Market Preview | CNSP Soars 252%; STX, SNDK Climb on Storage Strength; GME Plans eBay Acquisition; BRK Cash Pile Nears $400B
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Most Important News
- Peace Talks: Iran sends new proposal to US.
- Bitcoin Surge: Bitcoin briefly tops US$80,000 barrier.
- Berkshire Cash: Cash pile hits record US$397B.
- SK Hynix Market Cap Breaks 1,000 Trillion Won on AI Memory Surge.
Dow Jones Industrial Average futures slipped on Monday as the latest developments in the Middle East sent oil prices higher, sparking further worries about instability in the region.
As of 03:15 PM Riyadh Time, futures tied to the blue-chip index were off 177 points. S&P 500 futures fell 0.12%, while Nasdaq 100 futures traded around the flatline.
Futures came well off their lows after conflicting reports of an Iranian attack on a U.S. warship and as Iranian media was reporting that a ship was turned back from the Strait of Hormuz.
As of 03:25 PM Riyadh Time, top pre-market movements are as follows:
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") | Additional Information |
252.7% | 8.15 | 🌙 CNS Pharmaceuticals(CNSP.US) | Due to oversubscribed $22.5 million private placement financing. |
82.9% | 5.24 | 🌙 Skycorp Solar Group Ltd.(PN.US) | Acquisition of remaining stake in Nanjin Cesun Power.; Stock improved considerably by 27.9% on last trading day |
57.2% | 9.32 | Apollo Strategic Growth Capital Class A(GBTG.US) | Better-than-expected Q1 financial results. |
48.6% | 13.98 | Rallybio Corporation(RLYB.US) | No specific reason disclosed for the pre-market move. |
44.8% | 8.89 | Clene Inc(CLNN.US) | FDA supports accelerated approval pathway for ALS treatment effectiveness. |
-65.7% | 12.39 | Xanadu Quantum Technologies Limited Class B(XNDU.US) | Xanadu will report financial results on May 14. |
-42.9% | 1.52 | Origin Materials, Inc.(ORGN.US) | Selling PET cap technology; workforce reduction. |
-40.9% | 0.81 | 22nd Century Group, Inc.(XXII.US) | Filed prospectus to sell $6.4 million shares under agreement. |
US-Iran Talks Resume Amid Skepticism
US envoy Vitkov says Washington is engaging in dialogue with Iran; Tehran did not confirm the claims.
Trump Launches Project Freedom
US will guide neutral ships from Persian Gulf under 'Project Freedom', reducing Iran's maritime threat.
OPEC+ Likely To Hike Oil Output
US-Iran conflict disrupts Gulf supplies, making OPEC+ output hike difficult to implement despite Sunday's deal.
US Crypto Bill Seals Stablecoin Yield Deal
Senators Tillis and Alsobrooks reached agreement on stablecoin yield terms, clearing a key hurdle for advancing the digital asset Clarity Act in the Senate.
Bitcoin Smashes US$80,000 Barrier
Bitcoin briefly topped US$80,000, its highest in over 3 months, amid record Asian stock market rallies.
Used EV Sales Surge As Gas Prices Spike
Used EV demand in the US rose 28% in March as gas prices hit US$4.446/gallon, with 44% of sales under US$25,000.
AI Spending Boom to Drive 75% of US GDP Growth
David Sacks says AI investment drove 75% of Q1 GDP growth as Morgan Stanley raised Big Tech capex forecast to US$805B in 2026.
Berkshire's Cash Pile Hits Record
Berkshire Hathaway Inc. Class A(BRK.A.US) reported Q1 2026 net earnings of US$10.1B, more than doubling last year, as its US$397B cash pile hit a record high.
SK Hynix Market Cap Breaks 1,000 Trillion Won on AI Memory Surge
Global memory stocks rallied as AI fervor drove SK Hynix shares up over 12%, pushing its market cap above 1,000 trillion won for the first time. The rally lifted Korea's Kospi index to a record high. In U.S. pre-market trading, Seagate Technology Holdings PLC(STX.US) , Sandisk Corporation(SNDK.US) , Micron Technology, Inc.(MU.US) , and Western Digital Corporation(WDC.US) all advanced amid ongoing strength in AI-driven memory demand.
Musk Gets Zero Pay In 2025
Tesla Motors, Inc.(TSLA.US) CEO Elon Musk's compensation package worth US$158.4 billion in 2025 stock awards paid nothing, as the company missed all market cap and operational targets.
GameStop Chases US$100B Value
GameStop Corp. Class A(GME.US) reportedly plans a takeover bid for eBay Inc ($EBAY EBAY$) this month to boost its market cap tenfold.
Apple Eyes Big AI Buy
Apple Inc.(AAPL.US) hints at a major AI acquisition before new CEO John Tenus takes office. No strategy unveiled yet.
Datavault AI Prices US$60M Offering
Datavault AI(DVLT.US) priced a 109M-share registered direct offering at US$60M for quantum-ready GPU edge network deployment.
Nebius Stock Rises On AI Buy
NEBIUS(NBIS.US) shares are up premarket Monday after announcing the acquisition of Eigen AI to boost its AI position.
| Time | Event | Previous | Consensus | Forecast |
|---|---|---|---|---|
| 05:00 PM | Factory Orders MoM MAR | 0% | 0.5% | 0.5% |
| 05:00 PM | Factory Orders ex Transportation MAR | 1.2% | 0.7% | |
| 06:30 PM | 3-Month Bill Auction | 3.590% | ||
| 06:30 PM | 6-Month Bill Auction | 3.590% | ||
| 07:50 PM | Fed Williams Speech | |||
| 09:00 PM | Loan Officer Survey | |||
| 10:00 PM | Treasury Refunding Financing Estimates | |||
| Total Vehicle Sales APR | 16.3M | 16.0M | 16.1M |