US Market Preview | VNRX Up 104.7%; Nvidia Earnings Lift Chips; Bitcoin Drops Below $79K; Jackson Hole Starts, Fed Symposium
NVIDIA Corporation NVDA | 0.00 | |
VolitionRX Ltd VNRX | 0.00 | |
Star Equity Holdings, Inc. 10 % Cum Perp Pfd Registered Series -A- STRRP | 0.00 | |
Mercer International Inc. MERC | 0.00 | |
Youxin Technology Limited Class A YAAS | 0.00 |
Nasdaq-100 futures were higher Thursday as the latest earnings reports from Nvidia and other well-known technology companies boosted sentiment.
Futures tied to the tech heavy index rose 0.9%. S&P 500 futures advanced 0.4%. Dow Jones Industrial Average futures traded around the flatline.
NVIDIA Corporation(NVDA.US) shares jumped 6% in premarket trading on Thursday after it beat analyst expectations and forecast strong revenue growth. Notably, the chipmaker projects that revenue growth will hit 70% in fiscal 2028, far higher than the 44% that analysts surveyed by LSEG expected. Its revenue for the fiscal second quarter more than doubled.
| SYMBOL | %CHANGE |
|---|---|
| S&P FUT | 0.4 |
| NAS FUT | 0.9 |
| DOW FUT | -0.05 |
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As of 03:20 PM Riyadh Time, top pre-market movements are as follows:
Change | Price(US$) | Ticker (🌙 means "Shariah Compliant") | Additional Information |
104.7% | 0.69 | VolitionRX Ltd(VNRX.US) | Due to peer-reviewed data validating Nu.Q NETs H3.1 biomarker for sepsis. |
61.6% | 16.0 | Star Equity Holdings, Inc. 10 % Cum Perp Pfd Registered Series -A-(STRRP.US) | - |
52.7% | 0.63 | Mercer International Inc.(MERC.US) | Canadian government funding for Alberta mill modernization. |
46.3% | 3.69 | 🌙 Youxin Technology Limited Class A(YAAS.US) | - |
34.7% | 3.34 | 🌙 Meiwu Technology Co Ltd(WNW.US) | Due to subsidiary equity transfer agreement disclosure. |
23.4% | 0.62 | NetCapital Inc(NCPL.US) | - |
23.0% | 0.26 | Catheter Precision, Inc.(VTAK.US) | First purchase order via Cardinal Health. |
Treasury's Debt Strategy in Spotlight
Bessent's market role may prompt the US Treasury to cut long-term bond issuance at November's refinancing meeting, per Deutsche Bank ($DEUTSCHE BANK DB$), Morgan Stanley, Citigroup.
Bitcoin Drops Below US$79K
Bitcoin fell 1% to under US$79,000 Thursday, after May's first US$80K peak, as Fed hike bets cooled yield-driven gains from US$68K lows.
OpenAI's Data Center Chief Quits
Chris Malone, head of OpenAI data center construction, resigned last week; reasons undisclosed, no successor named yet.
Anthropic Pays US$45B For AI Compute Lease
Anthropic agrees to lease Nscale's West Virginia AI data centers for US$45 billion, no stock ticker available.
BOJ Signals Timely Rate Hikes
Bank of Japan Deputy Governor Ryozo Himino says price rise risk demands attention, urging appropriate rate increases to avoid future sharp moves.
Karoon Sees Oil Prices Staying High
Karoon Energy CEO forecasts oil prices persist in US$75-$85 range due to geopolitical supply disruptions and uneven production, keeping prices elevated.
Tesla denies FSD China pullback rumors
Tesla Motors, Inc.(TSLA.US) fired back at “false” reports claiming it was scaling back its Full Self-Driving rollout in China, reaffirming continued expansion plans there.
Meiwu Technology Soars 48% After Hours
Meiwu Technology Co Ltd(WNW.US) stock jumped 48% in after-hours trading, following an unspecified catalyst driving investor optimism.
CrowdStrike's Record Quarter, Ark Sells
CrowdStrike(CRWD.US) posted its best quarter ever, but Cathie Wood's Ark sold shares amid purchases of Cloudflare(NET.US) and Cerebras.
Aerospace Stocks Soar on Robust Backlogs
Rocket Lab(RKLB.US) leads aerospace and defense gains, supported by large order backlogs boosting investor confidence.
Apple Teases First Foldable Phone
Apple Inc.(AAPL.US) announced its fall launch event for Sept. 10, with its first foldable phone expected to be unveiled.
Unilever To Sell Colman's Mustard
Unilever PLC Sponsored ADR(UL.US) plans to sell Colman's brand, easing merger concerns with McCormick, which includes Hellmann's and Knorr.
Cramer Calls Meta Sell-Off 'Ridiculous'
Meta Platforms(META.US) shares fell despite a US$17B Texas settlement, but Jim Cramer slammed the reaction as ridiculous, citing strong fundamentals.
Okta Beats Q2, Raises Outlook
- Okta(OKTA.US) posted Q2 FY2027 earnings, with an upbeat forecast; shares rose 8% after hours.
- Okta Inc topped Q2 estimates and lifted 2027 forecast, hitting US$2.67B revenue, but analysts still question stock valuation after 12% jump.
HP Stock Slumps 11% on Margins
- HP Inc.(HPQ.US) shares fell 11% premarket Thursday after fiscal Q3 results revealed declining margins and PC unit shipments.
- HP Inc beat estimates and raised guidance, citing strong AI PC and print demand amid stabilizing commercial markets.
Salesforce Surges On AI-Fueled Q2 Beat
- Salesforce.com, inc.(CRM.US) shares jumped 12% after Q2 revenue of US$11.35 billion beat estimates, with AI annualized revenue topping US$1.5 billion and strong guidance.
- Salesforce Inc Q2 revenue hit US$11.35B, up 11% YoY, beating estimates; non-GAAP EPS soared 103% to US$5.90, lifting FY guidance.
| Thursday | Event | Previous | Consensus | Forecast |
|---|---|---|---|---|
| 03:30 PM | Goods Trade Balance Adv JUL | $-101.4B | $-99B | $-100.0B |
| 03:30 PM | Initial Jobless Claims AUG/22 | 206K | 208K | 210.0K |
| 03:30 PM | Retail Inventories Ex Autos MoM Adv JUL | -0.4% | 0.0% | |
| 03:30 PM | Wholesale Inventories MoM Adv JUL | 0.2% | 0.1% | 0.2% |