Most Important News

1. July Inflation Data Due Wednesday; Fed Outlook Remains Complicated By Weak Jobs;
2. Nvidia Risks: Credit Defaults Spike On $500B AI Financing Reports;
3. Intel Offering: Upsizes Stock Sale To $20B, Priced At $95 Share;

Stock futures were little changed early Tuesday as investors weighed signs of progress toward reopening the Strait of Hormuz against lingering doubts that the US and Iran can reach a broader resolution to the conflict.

The premarket moves come as oil prices climbed amid uncertainty over the Middle East conflict.

Iran has said it is closing in on a deal with Oman to reopen the Strait of Hormuz, but Tehran has continued to resist direct negotiations with the US until several conditions are met.

Investors will next turn to a key batch of inflation data, with the July consumer price report due Wednesday and the producer price index out Thursday. The readings could prove particularly important after a weak jobs report complicated the Fed's outlook.

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As of 03:27 PM Riyadh Time, top pre-market movements are as follows:

Trump's Demands Cloud Hormuz Deal

• US equity futures diverge as Dow and S&P 500 slip while Nasdaq 100 rises; Brent crude jumps 2.5% on Trump’s Iran compensation demand, complicating Hormuz talks. Treasury yields stay elevated and CME FedWatch shows slightly above 50% odds of a September rate hike. Read in detail>>
• Gold prices fell from a two-month high as traders await US CPI inflation report, which may hint at Fed rate hike plans.

Trump Talks With Fed's Warsh

• President Trump had a brief call with Federal Reserve Chairman Kevin Warsh days ago, discussing policy amid market volatility.
• Cleveland Fed President Beth Hammark says several rate hikes may be needed to curb inflation to 2%, without forecasting an endpoint.

Ark Invest Rotates Between Nvidia And Palantir

Ark Invest bought 122,422 NVIDIA Corporation(NVDA.US) shares worth $26.6 million across multiple ARK ETFs after a 2.86% price drop, while trimming Palantir(PLTR.US) exposure by selling 11,525 shares worth $2 million following a 38% weekly surge and ongoing year-to-date underperformance. Read in detail>>

US Court Allows Addiction Suits Against Tech Giants

US Ninth Circuit cleared over 3,000 addiction-related lawsuits against Meta Platforms(META.US), Alphabet’s Google (Alphabet Inc. Class A(GOOGL.US), Alphabet Inc. Class C(GOOG.US)), TikTok, and Snap(SNAP.US), narrowing Section 230 protections, enabling state and school-district trials, and heightening regulatory, legal, and advertising-demand risks for social media platforms. Read in detail>>

OpenAI Executes $7 Billion Employee Share Buyback

OpenAI completed a $7 billion employee share buyback at an unchanged $852 billion valuation, following prior $6.6 billion and $1.5 billion secondary sales, as it weighs a trillion‑dollar IPO timing between 2026 and 2027 amid investor sensitivity to large tech listings. Read in detail>>

Nvidia's $500B AI Supercycle

• NVIDIA Corporation(NVDA.US) partners with banks on massive AI buildout; stock surges while sector peers rally higher.
• Nvidia's credit default swaps saw biggest two-week jump amid reports of $500 billion AI infrastructure financing from major US firms.
• Nvidia CEO Jensen Huang called chips a first-time asset class as BlackRock, Inc.(BLK.US), Blackstone Inc.(BX.US), BROOKFIELD ASSET MANAGEMENT LTD(BAM.US), Goldman Sachs Group, Inc.(GS.US) and KKR & Co(KKR.US) joined a $500 billion AI drive. Read in detail>>

Intel Ups Equity Offering To $20B

Intel Corporation(INTC.US) boosts common stock offering to $20 billion at $95 per share, targeting $19.7 billion net to fund >$20 billion 2026 capex, reinforcing expectations of a large foundry customer win. Shares up 164% YTD, down 11% monthly. Read in detail>>

Musk Plans Giant Terafab AI Chip Megafactory

SpaceX(SPCX.US) and Tesla Motors, Inc.(TSLA.US) will build the Terafab semiconductor plant in Grimes County, Texas, targeting 100 million square feet to supply AI chips for Tesla robotaxis, Optimus robots and SpaceX infrastructure, integrating logic, memory and packaging to ease supply-chain constraints. Read in detail>>

SEC Charges Adit Ventures Over Pre-IPO Fraud

US SEC charged Adit Ventures and CEO Eric Munson with pre-IPO fraud involving SpaceX(SPCX.US) and Klarna Group Plc(KLAR.US), alleging fund misrepresentations, undisclosed fees and markup on SpaceX shares; defendants accepted permanent injunctions and monetary penalties, while Munson denied wrongdoing and agreed to bar conditions. Read in detail>>

Tesla's Bright Headlights Trigger Recall

Tesla Motors, Inc.(TSLA.US) recalls 20,349 Model 3 and Y, as overly bright low beams cut visibility, risking crashes. Read in detail>>

CoreWeave Faces Capacity Test Amid Massive Backlog

CoreWeave(CRWV.US)enters Q2 earnings with $99.4 billion backlog and 3.5GW contracted power, yet consensus sees $2.55 billion revenue and $1.49 GAAP-loss, highlighting Neocloud capacity bottlenecks despite expanded NVIDIA Corporation(NVDA.US) partnership and volatile 2026 share performance. Read in detail>>

Rocket Lab Falls After Neutron Launch Delay, Misses EPS

• Rocket Lab(RKLB.US) drops 9% premarket after delaying Neutron’s first test launch to late 2026 and reporting Q2 loss of $0.08 per share versus $0.07 expected, despite 62% revenue growth to $234.07 million and backlog rising to $2.36 billion. Read in detail>>
• Rocket Lab(RKLB.US) pursues $8 billion cash‑stock acquisition of Iridium Communications Inc.(IRDM.US) to combine launch, satellite manufacturing and Iridium’s 66‑satellite constellation, 2.5 million subscribers and $870 million revenue, supporting vertically integrated, recurring space income despite Q2 loss and short‑term share price weakness. Read in detail>>
• Rocket Lab(RKLB.US) reports post–Q2 backlog expansion by over 90 projects, signaling robust demand for launch and space systems services, while total headcount rises 439 to 3,217 employees, underscoring aggressive capacity scaling and future revenue growth expectations. Read in detail>>

Super Micro Computer Earnings Eyed After Market Close

Super Micro Computer, Inc.(SMCI.US) is expected to report quarterly EPS of $0.62 and revenue of $12.33 billion after the close; shares gained 1.1% to $31.81 in evening trading as investors position ahead of the announcement. Read in detail>>

AST SpaceMobile Braces For Sharp Earnings Volatility

AST SPACEMOBILE INC(ASTS.US) options imply 13.11% earnings‑driven move, risking roughly $2.69 billion of its $20.5 billion market cap, as Q2 forecasts see narrower loss and surging revenue, against a 19.3% year‑to‑date share decline and cautious “hold” consensus. Read in detail>>

Organigram Beats Q3 Sales Estimates Sharply

Organigram Global Inc.(OGI.US) reported Q3 sales of $76.413 million, beating analyst estimates of $67.660 million by 12.94% and rising 49.41% year-on-year from $51.142 million, signaling strong revenue momentum that may support valuation and investor sentiment. Read in detail>>

Upwork Plunges Despite Beating Quarterly Estimates

Upwork(UPWK.US) posted Q2 EPS of $0.41 versus $0.34 expected and revenue of $191.66 million versus $189.96 million forecast but below last year’s $194.94 million; shares sank 20.3% to $7.84 in after-hours trading. Read in detail>>