US Market Preview | UPC Surges 158.8%; SK Hynix Plans Nasdaq Debut at $166; US-Iran Set for Qatar Truce Talks on June 30; Palantir, Surf Air Expand Partnership
Arm Holdings ARM | 0.00 | |
Marvell Technology MRVL | 0.00 | |
Intel Corporation INTC | 0.00 | |
Universe Pharmaceuticals INC UPC | 0.00 | |
Decoy Therapeutics Inc. DCOY | 0.00 |
Most Important News
- Ceasefire Talks: US-Iran set for Qatar talks on June 30.
- SK Hynix Listing: SK Hynix plans Nasdaq debut at US$166/ADR.
- Palantir Partnership: Palantir, Surf Air expand partnership.
US stock futures rose Monday, with tech rebounding after a tough week. Investors also weighed a pause in hostilities between the U.S. and Iran.
As of 03:05 PM Riyadh Time, the index futures gains and losses are shown in the table below:
Traders were keeping a close eye on U.S. tech stocks following last week’s sharp market swings across the sector.
Arm Holdings(ARM.US) led the way in premarket trade, rising 1.9%, as Marvell Technology(MRVL.US) added 1.6%, while Intel Corporation(INTC.US) advanced 1.1%.
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As of 03:07 PM Riyadh Time, top pre-market movements are as follows:
Change | Price(US$) | Ticker |
|---|---|
158.8% | 7.66 | Universe Pharmaceuticals INC(UPC.US) |
117.5% | 12.0 | 🌙 Decoy Therapeutics Inc.(DCOY.US) |
56.5% | 4.32 | NN, Inc.(NNBR.US) |
48.0% | 0.07 | 🌙 INLIF Ltd.(INLF.US) |
40.8% | 1.27 | Surf Air Mobility, Inc.(SRFM.US) |
22.3% | 28.33 | Comcast Corporation Class A(CMCSA.US) |
20.7% | 52.53 | Iridium Communications Inc.(IRDM.US) |
US-Iran Ceasefire Talks Set for June 30 in Qatar
- US and Iran agree to halt attacks and will meet in Qatar's capital on June 30 to address the Strait of Hormuz dispute. Read in detail>>
- International oil prices rose Monday due to US-Iran attacks and clashes, highlighting interim peace fragility and slowing Hormuz Strait energy shipping.
Goldman: US Stocks Set for Strong Earnings
- Goldman Sachs strategists say US stocks may see another strong earnings season, driven by economic growth and AI investment boom.
- AI boom drives US power sector M&A value past US$200 billion, as firms compete to fund energy infrastructure for data centers.
South Korea's Huge Chip & AI Investment Push
South Korea unveils major investment plan for semiconductors and AI, with Samsung Electronics and SK Hynix committing significant new funds.
US Stocks July Outlook: Rotation & Key Tests
June saw divergent US equity performance; July offers stable entry points with S&P 500 historically strong. Institutions expect volatility but positive trends, with funds rotating from big tech to semiconductors and cyclicals. Key July tests include CSP earnings and CapEx scrutiny, with important macro and corporate events scheduled.
SK Hynix Set for Nasdaq Debut at US$166/ADR, Wall Street Sees 20%-45% Upside
SK Hynix plans to list ADRs on Nasdaq around July 10, aiming to raise US$29-30 billion. Analysts and asset managers expect the US listing to narrow its valuation discount to peers like Micron Technology, Inc.(MU.US) , with potential upside ranging from 20% to 45%, driven by its leadership in AI memory chips.
Palantir, Surf Air Mobility Expand Partnership
Palantir(PLTR.US) and Surf Air Mobility, Inc.(SRFM.US) are committing more resources to speed up SurfOS development and commercial release, including OperatorOS, OwnerOS, and SurfOS Enterprise Solutions.
Nvidia Secures Major AI Accelerator Deal
NVIDIA Corporation(NVDA.US) to provide up to 170,000 AI accelerators for Firmus Technologies' AI campus in Batam, Indonesia, as announced over the weekend.
Intel Stock Rises Amid Tech Rally, Analyst Optimism
Intel Corporation(INTC.US) stock rose nearly 1% in Monday's premarket as improving risk appetite lifted tech stocks, with Bernstein analyst highlighting stronger server demand and market support, while technical indicators remain bullish ahead of Q2 earnings.
Qualcomm: A Rising Full-Stack AI Contender
QUALCOMM Incorporated(QCOM.US) stock rose over 2% in premarket trading as it positions itself as a credible full-stack AI solutions provider, aiming for US$100 billion in annual recurring revenue in 5-7 years, with strategic acquisitions enhancing its AI capabilities and data center potential.
Grok 4.5 Starts Private Testing at SpaceX, Tesla
Elon Musk announced Grok 4.5, developed by xAI, has entered private beta testing at SpaceX(SPCX.US) and Tesla Motors, Inc.(TSLA.US) .
NN Secures More Liquid Cooling Supply Deals for NVIDIA
NN expands its 2026 immediate-supply awards for liquid cooling solutions in NVIDIA Corporation(NVDA.US) AI data center racks, significantly boosting its portfolio size.
Apple Vision Pro Head Leaves for OpenAI
Apple Inc.(AAPL.US) 's executive overseeing Vision Pro headset and smart glasses will depart to join OpenAI, reflecting AI-hardware talent shift to rivals.
Nvidia-Backed Firmus to Build AI Data Hub in Indonesia
Firmus, supported by NVIDIA Corporation(NVDA.US) , will construct an AI data center campus in Indonesia, expected to generate deals worth up to US$30 billion in the first six years.
| Riyadh Time | Event | Previous Value | Forecast Value |
|---|---|---|---|
| 05:30 PM | US Dallas Fed Manufacturing Index JUN | 0.4 | 2 |
| 06:30 PM | US 3-Month Bill Auction | 3.695% | — |
| 06:30 PM | US 6-Month Bill Auction | 3.840% | — |