US Market Preview | UOKA Up 99.2%; Micron Excluded From Nvidia’s Tougher HBM4 Race; “Microsoft Falling Behind in AI”
Dow Jones Industrial Average DJI | 0.00 | |
Alphabet Inc. Class C GOOG | 0.00 | |
Kelly Services, Inc. Class B KELYB | 0.00 | |
TransCode Therapeutics, Inc. RNAZ | 0.00 | |
Teads Holding Co. TEAD | 0.00 |
Most Important News
- Software Stocks Rally After Eight-day Losing Streak;
- Bitcoin Rebounds Above $70,000, Crypto Market Recovery Led By Bitcoin;
- Gold Prices Climb Above $5,000 Per Ounce, Wells Fargo Raises 2026 End Gold Price Target;
- Goldman's Outlook: Goldman projects Nvidia's Q4 revenue at $67.3B.;
US equity futures nudged lower Monday morning as investors awaited critical economic data and another batch of earnings reports following a volatile week that ended with the Dow Jones Industrial Average(DJI.US) reaching a key milestone.
As of 08:36 EST (or 4:36 PM in Riyadh), futures tied to the broad market index and Nasdaq 100 futures declined 0.12% and 0.23%, respectively. Dow Jones Industrial Average futures shed 54 points, or 0.11%.
Fed officials speak Monday, with key jobs and CPI data ahead. The Coca-Cola Company(KO.US) and Ford Motor Company(F.US) report earnings Tuesday.
As of 04:36 PM Riyadh Time, top pre-market movements are as follows:
Change | Price($) | Ticker (🌙 means "Shariah Compliant") |
99.2% | 2.37 | 🌙 MDJM Ltd Class A(UOKA.US) |
42.2% | 0.37 | 🌙 Mint(MIMI.US) |
38.6% | 0.22 | Reliance Global Group, Inc.(EZRA.US) |
28.9% | 1.07 | 🌙 Reitar Logtech Holdings Limited Class A(RITR.US) |
23.4% | 0.25 | Blueport Acquisition Ltd Rights 2025-22.03.30 For Shares(BPACR.US) |
-49.4% | 11.89 | Kyndryl Holdings Incorporation(KD.US) |
-21.8% | 18.0 | 🌙 Hims & Hers Health, Inc. Class A(HIMS.US) |
Crypto Market Update: Bitcoin Leads, Others Lag
Bitcoin rose as the crypto market recovered from a rout earlier in the week, while gold, silver also gained; Ethereum, XRP, Dogecoin stagnated; analyst sees tests for BTC ahead.
Gold Prices Surge Past $5,000
Gold prices have climbed above $5,000 per ounce, driven by bargain hunters re-entering the market.
Bessent Urges Senate Hearings on Warsh's Fed Nomination
US Treasury Secretary Scott Bessent recommended Senate hearings on Kevin Warsh's nomination for Federal Reserve Chairman, despite a Republican blocking nominations until the investigation into Jerome Powell is resolved.
Weekly Outlook: Key Data & Market Moves
Non-farm payrolls and CPI data set for release; Nikkei index surges; speculation arises about gold returning to $5,000.
Musk's Moon and Mars City Plans
Musk claims SpaceX aims to build a self-growing city on the Moon in <10 years, Mars mission to take >20 years.
US Consumer Credit Surges in December
US consumer credit jumped the most in a year in December, beating expectations, with rises in both revolving and non-revolving credit.
Employment Data's Impact on USD & Yields
Analysts say any significant deviation in Jan US jobs data from the expected 55,000 could cause major USD and Treasury yield fluctuations, affecting monetary policy views.
Nvidia Overcomes Blackwell Chip Deployment Hurdles
NVIDIA Corporation(NVDA.US) and a key customer have resolved Blackwell AI chip deployment issues arising from its increased complexity, requiring adjustments across server components.
Micron Excluded From Nvidia's Tougher HBM4 Race
SAMSUNG ELECTRONICS CO(SSNLF.US) in HBM4 supply competition as Micron Technology, Inc.(MU.US) is left out amid stricter specifications.
Uber Expands in Türkiye via Getir Buyout
Uber Technologies,Inc.(UBER.US) will acquire Getir's delivery services in Türkiye, covering food, groceries, retail, and water, to boost its regional presence.
Rivian's R2 SUV Spotted Testing in Alaska
Rivian Automotive, Inc. Class A(RIVN.US)'s upcoming $45K R2 crossover SUV was seen testing in Alaska, as per recent images.
Eli Lilly's Big Acquisition Move
Eli Lilly and Company(LLY.US) agrees to acquire Orna Therapeutics, a biotech firm, for up to $2.4B.
XPENG Unveils New Charging Pay Feature in HK
XPENG INC.(XPEV.US) launched start-and-stop charging payment on its app in Hong Kong on February 9, supported by Antom, a payment service provider under Ant International.
STMicroelectronics Secures Major AWS AI Deal
STMICROELECTRONICS(STMEF.US) stock rose in premarket after announcing a multi-year, multi-billion-dollar deal with Amazon.com, Inc.(AMZN.US) Web Services to power next-gen AI data centers.
Jensen Huang: AI CapEx Sustainable
NVIDIA Corporation(NVDA.US) CEO Jensen Huang said on Friday the $660 billion AI capital expenditure is reasonable and sustainable as companies' cash flow will grow.
Goldman's Bullish Nvidia Outlook
Goldman Sachs projects Nvidia's Q4 revenue at $67.3B, target price $250, expecting a $2B revenue "surprise" amid Advanced Micro Devices, Inc.(AMD.US) - Broadcom Limited(AVGO.US) rivalry.
AI Sector: Post-Sell-Off Growth Opportunities
Morgan Stanley(MS.US) strategist Wilson sees chances in AI after tech stock sell-off, despite volatility and capex concerns, citing growth potential.
Microsoft Lagging in AI Race, Says Expert
Doug O'Laughlin of SemiAnalysis claims Microsoft Corporation(MSFT.US) is falling behind in AI despite OpenAI partnership, as rivals boost infrastructure spending.
| Time | Event | Previous Value | Forecast Value |
| 09:30 PM | Fed Waller Speech | - | - |
| 10:30 PM | Fed Miran Speech | - | - |
| 11:15 PM | Fed Bostic Speech | - | - |