US Market Preview | HCAI Surges 87.2%; Tesla Debuts Nevada Semi Production Line; Apple Earnings Spotlight Shifts to New CEO Vision; Brent Prices May Soar Above $150
Huachen AI Parking Management Technology Holding Co., Ltd. Class A HCAI | 0.00 | |
Tesla Motors, Inc. TSLA | 0.00 | |
Fatpipe, Inc. FATN | 0.00 | |
Viavi Solutions Inc VIAV | 0.00 | |
Everspin Technologies, Inc. MRAM | 0.00 |
Most Important News
- OPEC+ May Hike Output
- Apple Earnings Spotlight Shifts to New CEO Vision
- Tesla Debuts Nevada Semi Production Line
US stock futures rose on Thursday as traders parsed through the latest batch of corporate earnings, while oil prices declined slightly.
Dow Jones Industrial Average(DJI.US) futures added 303 points, or 0.6%. Futures tied to the S&P 500 index(SPX.US) gained 0.4%, while NASDAQ-100(NDX.US) futures advanced 0.5%.
Caterpillar Inc.(CAT.US) shares popped 6% on better-than-expected quarterly figures, boosting Dow futures. Fellow Dow member Amazon.com, Inc.(AMZN.US) fueled the advance as well, climbing more than 2% on the back of a blockbuster first-quarter report.
As of 03:52 PM Riyadh Time, top pre-market movements are as follows:
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") | Additional Information |
87.2% | 10.24 | Huachen AI Parking Management Technology Holding Co., Ltd. Class A(HCAI.US) | - |
40.7% | 3.49 | Fatpipe, Inc.(FATN.US) | - |
29.7% | 59.07 | 🌙 Viavi Solutions Inc(VIAV.US) | Q3 earnings beat expectations by 22.73%; strong data center growth. |
28.1% | 16.9 | 🌙 Everspin Technologies, Inc.(MRAM.US) | Due to better-than-expected first-quarter financial results. |
28.0% | 2.01 | Xerox Holdings Corporation(XRX.US) | Surge due to high short interest, exceeding 28% of float. |
27.1% | 1.41 | Abits Group Inc(ABTS.US) | Year-over-year increase in FY25 sales results. |
26.0% | 32.75 | 🌙 Akanda Corp(AKAN.US) | Expedited reclassification of medical marijuana.; Stock gained sharply 48.6% on last trading day |
25.0% | 30.25 | Bandwidth Inc. Class A(BAND.US) | Beating consensus estimates with strong earnings and sales. |
24.4% | 35.0 | 🌙 Silicom Ltd.(SILC.US) | Quarterly loss lower than expected; sales beat estimates |
24.1% | 13.0 | Vistance Networks Ordinary Shares(VISN.US) | Beating revenue estimates by 55.37% and strong earnings growth of 10.62%. |
US Core PCE Rises To 3.2%
US annual core PCE inflation rose to 3.2% in March while the monthly rate fell to 0.3%, both matching market forecasts. Following the data release, interest rate futures reflected a slight increase in the probability of a rate hike by the end of 2026 as persistent inflation complicates the economic outlook.
OPEC+ May Hike Output
Delegates indicate OPEC+ will likely raise its June output target by 188,000 barrels daily following the UAE's sudden departure. The proposed increase remains strictly theoretical due to the Hormuz blockade halting physical exports, though the symbolic move prepares quotas for eventual post-war market share competition.
Brent Crude Prices May Soar Above $150
Global crude supply plunged over 10% following a Hormuz Strait blockade, though strategic inventory releases currently stabilize market prices. JPMorgan Chase warns that depleted stocks could push Brent crude to $150, driving annual inflation above 10%. With recession risks hitting 35%, global economic stability depends entirely on reopening critical maritime corridors.
Pentagon Proposes Hypersonic Strikes on Iran
The US Central Command requested deploying "Dark Eagle" hypersonic missiles against Iranian launchers, marking the weapon's historic combat debut. Consequently, Brent crude futures rose above 122 dollars, hitting a post-war high. As the conflict reaches its 60-day mark on Thursday, US President Trump must secure Congressional authorization to continue military operations under the War Powers Act.
Apple Earnings Spotlight Shifts to New CEO Vision
Apple Inc.(AAPL.US) will release its Q2 FY2026 earnings after the US market closes on Thursday, followed by an analyst call. Traditionally, Wall Street focuses on iPhone shipments, services revenue growth, and gross margins. However, this time, investors are keen to gauge insights from incoming CEO John Ternus during the call, seeking clues about his strategic vision for the tech giant's future.
Tesla Semi Enters Production Amid Market Demand Surge
Tesla Motors, Inc.(TSLA.US) has announced the rollout of its first semi-electric truck from a new high-capacity production line at the Nevada Gigafactory. Deliveries are expected to begin this year. The dedicated line spans 1.7 million square feet, with an annual capacity of 50,000 units. Tesla plans to deliver 5,000–15,000 Semis in 2026, supported by vertically integrated 4680 battery production, overcoming previous supply chain constraints.
Oppenheimer Bullish on CoreWeave Ahead of Earnings: Data Center Expansion Exceeds Expectations
Investment firm Oppenheimer has noted that CoreWeave(CRWV.US)'s data center expansion is progressing faster than anticipated, potentially boosting this year's revenue. Analyst Param Singh highlighted in a report that CoreWeave is expected to release its Q1 earnings on May 7, with revenues likely at the high end of guidance. Management may significantly raise its 2026 revenue target beyond the previously forecasted $12-13 billion. Industry research indicates that CoreWeave's expansion could add 1 GW of capacity by Q3, surpassing expectations. The ongoing AI data center capacity shortage is expected to persist, positioning CoreWeave to grow its capacity to at least 6 GW during this period.
Meta Boosts CapEx to Record High Amid AI Concerns
Meta Platforms(META.US) has raised its capital expenditure limit to a record US$145 billion, up US$10 billion, sparking investor concerns about AI returns. Despite beating revenue expectations, daily active users fell for the first time, attributed to disruptions in Iran and Russia. CFO Susan Li cited rising hardware costs and data center expansion. CEO Zuckerberg highlighted AI's ad potential but gave no timeline for returns.
Amazon Highlights AI Opportunity, Reveals Chip Business Scale
Amazon.com, Inc.(AMZN.US) reported Q1 2026 revenue of US$181.5 billion, up 17%, with operating profit hitting a record US$23.9 billion at a 13.1% margin. CEO Andy Jassy called AI a "once-in-a-lifetime opportunity" and disclosed its chip business could generate US$50 billion annually if independent. AWS growth accelerated, with cash CapEx reaching US$43.2 billion, underscoring confidence in future investments.
Alphabet Posts Stellar Q1 Results, Boosts Shareholder Returns
Alphabet Inc. Class A(GOOGL.US) reported Q1 2026 revenue of US$109.9 billion, up 22%, beating forecasts. Net profit surged 81% to US$62.6 billion, driven by US$37.7 billion in non-operating gains. Google Cloud revenue soared 63% to US$20 billion, with operating margin rising to 32.9%. EPS jumped 82% to US$5.11, far exceeding expectations. Alphabet announced a US$70 billion buyback and a 5% dividend increase to reward shareholders.
Eli Lilly Shares Surge After Q1 Earnings Report
Eli Lilly and Company(LLY.US) saw a pre-market jump of over 7% following its Q1 earnings release. The company reported revenue of $19.8 billion, a 56% increase year-over-year, with non-GAAP EPS reaching $8.55.
Caterpillar Shares Rise Over 5% Pre-Market on Strong Q1 Results
Caterpillar Inc.(CAT.US)'s stock surged over 5% pre-market after reporting Q1 revenue of $17.42 billion, surpassing the expected $16.24 billion. Adjusted EPS came in at $5.54, beating the forecast of $4.63.
| Time | Event | Actual | Previous | Consensus |
|---|---|---|---|---|
| 03:30 PM | Core PCE Price Index MoM MAR | 0.3% | 0.4% | 0.3% |
| 03:30 PM | GDP Growth Rate QoQ Adv Q1 | 2.0% | 0.5% | 2.3% |
| 03:30 PM | Personal Income MoM MAR | 0.6% | 0% | 0.3% |
| 03:30 PM | Personal Spending MoM MAR | 0.9% | 0.6% | 0.9% |
| 03:30 PM | Employment Cost - Benefits QoQ Q1 | 1.2% | 0.8% | |
| 03:30 PM | Employment Cost - Wages QoQ Q1 | 0.8% | 0.7% | |
| 03:30 PM | Employment Cost Index QoQ Q1 | 0.9% | 0.7% | 0.8% |
| 03:30 PM | GDP Price Index QoQ Adv Q1 | 4.5% | 3.7% | 3.8% |
| 03:30 PM | Initial Jobless Claims APR/25 | 189K | 215K | 215K |
| 03:30 PM | PCE Price Index MoM MAR | 0.7% | 0.4% | 0.7% |
| 03:30 PM | PCE Price Index YoY MAR | 3.5% | 2.8% | 3.5% |
| 03:30 PM | Continuing Jobless Claims APR/18 | 1785K | 1808K | 1820K |
| 03:30 PM | Core PCE Price Index YoY MAR | 3.2% | 3% | 3.2% |
| 03:30 PM | Core PCE Prices QoQ Adv Q1 | 4.3% | 2.7% | 4.1% |
| 03:30 PM | GDP Sales QoQ Adv Q1 | 1.6% | 0.3% | |
| 03:30 PM | Jobless Claims 4-week Average APR/25 | 207.5K | 211K | |
| 03:30 PM | PCE Prices QoQ Adv Q1 | 4.5% | 2.9% | |
| 03:30 PM | Real Consumer Spending QoQ Adv Q1 | 1.6% | 1.9% | |
| 03:30 PM | Real Personal Spending MoM MAR | 0.2% | 0.3% | |
| 04:45 PM | Chicago PMI APR | 52.8 | 53 | |
| 05:00 PM | CB Leading Index MoM FEB | -0.1% | -0.1% | |
| 05:30 PM | EIA Natural Gas Stocks Change APR/24 | 103Bcf | 83Bcf | |
| 06:30 PM | 4-Week Bill Auction | 3.595% | ||
| 06:30 PM | 8-Week Bill Auction | 3.605% | ||
| 07:00 PM | 15-Year Mortgage Rate APR/30 | 5.58% | ||
| 07:00 PM | 30-Year Mortgage Rate APR/30 | 6.23% | ||
| 11:30 PM | Fed Balance Sheet APR/29 | $6.707T |