US Market Preview | CWD Up 76.5%; NVDA Unveils $60B Buyback; Snowflake Soars 14% After Earnings; Jensen Huang: AI Boom Far From Over, US$4T Market Predicted
SciSparc Ltd. SPRC | 0.00 | |
CaliberCos, Inc. Class A CWD | 0.00 | |
Top KingWin Ltd. Class A WAI | 0.00 | |
Erayak Power Solution Group Incorporation Class A RAYA | 0.00 | |
Telomir Pharmaceuticals, Inc. TELO | 0.00 |
- NVDA Unveils $60B Buyback Amid AI Boom;
- Snowflake Stock Soars 14% After Earnings;
- Jensen Huang: AI Boom Far From Over, US$4T Market Predicted;
I. Market Report
Stock futures were relatively unchanged on Thursday but up from their worst levels of the session as traders pored over Nvidia’s earnings results and forecast.
As of 03:10 PM Riyadh Time, S&P 500 futures traded around the flatline, while Nasdaq-100 futures fell 0.05%. Futures tied to the Dow Jones Industrial Average were up 57 points, or 0.12%.
As of 03:40 PM Riyadh Time, top pre-market movements are as follows:
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") | Additional Information |
76.5% | 3.0 | CaliberCos Inc.(CWD.US) | Due to new digital asset treasury strategy approval. |
39.4% | 0.2 | 🌙 Top KingWin Ltd Ordinary Shares - Class A(WAI.US) | After gaining around 24% Wednesday.; Stock ascended markedly by 23.8% on last trading day |
33.6% | 0.06 | 🌙 Erayak Power Solution Group Inc.(RAYA.US) | Gained 52.5% after previous 9% gain. |
28.4% | 1.9 | 🌙 Telomir Pharmaceuticals(TELO.US) | Promising in vitro data for lead drug candidate Telomir-1. |
23.4% | 4.69 | 🌙 Sound Group Inc.(SOGP.US) | Due to special cash dividend announcement. |
II. Flash Headlines
Record Stock Buybacks Boost Market
US companies are buying back stock at a record pace, with NVIDIA Corporation(NVDA.US) joining the trend. As of August 20, announced buybacks exceeded US$1 trillion, marking the shortest time to reach that level.
Buffett Boosts Japanese Trading Firms
Berkshire Hathaway Inc. Class A(BRK.A.US) Berkshire Hathaway Inc. Class B(BRK.B.US) increases stake in Mitsubishi Corp. and Mitsui & Co. Confidence endorsement drives up share prices of both Japanese trading companies.
ByteDance Valuation Soars
ByteDance, TikTok's parent company, plans a new employee stock buyback fueled by revenue growth, pushing its valuation to over US$330 billion.
Trump Threatens Fed, Bet on Long-Term Treasuries
Citigroup advises investors to bet on long-term US Treasuries underperforming and a lower dollar, as President Trump threatens the Federal Reserve's independence. Strategists recommend adding a small position to existing trades, betting 30-year bonds will underperform 5-year bonds, steepening the yield curve. They also suggest going long on EU£/USD derivatives.
Williams Defends Fed Independence
John Williams, President of the Federal Reserve Bank of NY, stresses the importance of central bank independence, expressing displeasure at Trump's firing of Cook. The Fed aims to maintain control over monetary policy amidst President Trump's attempts to influence it.
Jensen Huang: AI Boom Far From Over, US$4T Market Predicted
Nvidia CEO Jensen Huang predicts AI infrastructure spending could reach US$4 trillion in the next five years, dismissing concerns that the spending boom in AI chips is over.
III. Stocks To Watch
NVDA Q2 Earnings: Beat, Buyback, AI Race On
NVIDIA Corporation(NVDA.US) beat earnings and revenue expectations, announced a US$60B share buyback, and CEO Huang said the 'AI race is on'.
Tesla Sales Drop, BYD Soars in Europe
Tesla Motors, Inc.(TSLA.US) European sales fell 40.2% YoY in July, while BYD Co Ltd sales surged 225.3%. Overall, European new car sales rose 5.9% in July, driven by Germany, but Britain, France, and Italy saw declines.
Snowflake Stock Soars After Earnings
Snowflake(SNOW.US) shares jumped after reporting Q2 results and fiscal year revenue guidance above expectations. The AI software company reported a net loss of US$298M, revenue of US$1.144B (+32% YoY), non-GAAP EPS of 35 cents vs expectations of US$1.09B and 27 cents.
CRWD Beats Q2, Soft Guidance Weighs
CrowdStrike(CRWD.US) beats Q2 earnings estimates but issues soft revenue guidance, causing shares to decline.
Google Cuts Small Team Managers
Alphabet Inc. Class A(GOOGL.US) has reportedly slashed 35% of managers leading teams of three or fewer employees over the past year.
Xpeng P7 Secures Orders
XPENG INC.(XPEV.US) P7 electric sedan, a Tesla Model 3 rival, secured over 10,000 orders in seven minutes. Tesla also in electric vehicle market
Li Auto Q2 Revenue Highlights
LI Auto(LI.US) reported Q2 revenue of 30.2 billion yuan, adjusted net profit of 1.5 billion yuan. Focus on US stock market earnings reports for Q2 2025.
IV. Calendar
Day's Notable Event(s):
| Riyadh Time | Event | Previous Value | Forecast Value |
| 03:30 PM | GDP Growth Rate QoQ 2nd Est | -0.5% | 3.0% |
| 03:30 PM | Corporate Profits QoQ Prel | -3.3% | 1.8% |
| 03:30 PM | GDP Price Index QoQ 2nd Est | 3.8% | |
| 03:30 PM | Initial Jobless Claims | 235K | 237.0K |
| 03:30 PM | Continuing Jobless Claims | 1972K | 1975.0K |
| 03:30 PM | Core PCE Prices QoQ 2nd Est | 3.5% | 2.5% |
| 03:30 PM | GDP Sales QoQ 2nd Est | -3.1% | 6.3% |
| 03:30 PM | Jobless Claims 4-week Average | 226.25K | 227.0K |
| 03:30 PM | PCE Prices QoQ 2nd Est | 3.7% | 2.1% |
| 03:30 PM | Real Consumer Spending QoQ 2nd Est | 0.5% | 1.4% |
| 05:00 PM | Pending Home Sales MoM | -0.8% | -0.2% |
| 05:00 PM | Pending Home Sales YoY | -2.8% | 0.4% |
| 05:30 PM | EIA Natural Gas Stocks Change | 13Bcf | |
| 06:00 PM | Kansas Fed Composite Index | 1 | 0 |
| 06:00 PM | Kansas Fed Manufacturing Index | -3 | -4 |
| 06:30 PM | 4-Week Bill Auction | 4.300% | |
| 06:30 PM | 8-Week Bill Auction | 4.220% | |
| 07:00 PM | 15-Year Mortgage Rate | 5.69% | |
| 07:00 PM | 30-Year Mortgage Rate | 6.58% | |
| 08:00 PM | 7-Year Note Auction | 4.092% | |
| 11:30 PM | Fed Balance Sheet | $6.62T | |
| 01:00 AM +1 | Fed Waller Speech |