01 Stock Market
As of Jun 12, U.S. stock index futures performed as follows: Dow futures advanced 0.72%, S&P 500 futures added 0.61%, and Nasdaq 100 futures gained 0.56%. The modest uptick indicates investors are digesting a busy news flow spanning artificial-intelligence partnerships, a record-setting initial public offering and shifting energy headlines ahead of the opening bell.
Notable Stock Movers: NVDA up 0.53% at $205.96; TSLA up 0.94% at $402.90; satellite-operator SATS up 6.94% at $137.02 amid a rally in space-related names; launch provider RKLB up 5.85% at $121.49; and design-software giant ADBE fell 7.36% at $202.70 after pre-market profit-taking. Semiconductor levered fund SOXL climbed 0.99% at $226.21, while its bearish counterpart SOXS fell 1.43% at $4.90, underscoring two-way trading in the chip complex. Broader tech sentiment remains constructive, with mega-caps MSFT up 1.03% at $394.35 and GOOG up 1.77% at $362.87.
Trading desks note that enthusiasm around the highly anticipated SpaceX debut, coupled with fresh AI hardware announcements, is helping offset caution ahead of upcoming macro releases. Volume is concentrated in technology, space and clean-energy themes, setting the stage for potentially wider intraday swings once cash trading begins.
02 Other Markets
• 10-year U.S. Treasury yield rose 0.09%, to 4.47%.
• U.S. Dollar Index rose 0.0742% to 99.78.
• WTI crude oil futures fell 3.17% to 84.93 USD/barrel; COMEX gold futures rose 2.71% to 4225.60 USD/ounce.
03 Key News
1. Sharon AI signed a six-year strategic compute deal with Nvidia to deploy up to 40,000 Grace Blackwell GPUs. The revenue-sharing agreement will add 72 MW of new data-center capacity and boost Sharon AI’s total AI factory footprint to 132 MW, giving Nvidia product sales plus a slice of future cloud revenue. Sharon AI shares surged 10%.
2. U.S. banking regulators intensified examinations of lenders’ artificial-intelligence usage. The Office of the Comptroller of the Currency and the Federal Reserve are requesting detailed maps of AI applications, vendor controls and “kill-switch” safeguards, signaling closer oversight without yet imposing new rules.
3. Nasdaq confirmed SpaceX shares will be eligible for trading from 10:00 a.m. ET under ticker “SPCX.” The rocket company priced 555.6 million shares at $135 each, raising $75 billion and implying a market value near $1.77 trillion.
4. Iran’s state agency denied any commitment to cede management of the Strait of Hormuz. Officials said future control will be resolved regionally with Oman, while ongoing U.S.–Iran nuclear talks remain scheduled within 60 days of the latest memorandum of understanding.
5. Kingsoft Cloud will lift prices for AI compute and storage services by up to 50%. The adjustments, effective mid-July, reflect surging global demand and higher hardware costs, while existing customer contracts remain unchanged for the current billing cycle.
6. Nvidia began taking orders in China for its new “Vera” AI data-center CPUs, available as early as August. One large cloud provider plans to test more than 300 dual-processor servers; a fully configured rack could cost about $10 million, according to industry estimates.
7. Citi, JPMorgan and Goldman Sachs raised financing costs on hedge-fund swaps tied to SK Hynix and Samsung Electronics. The tighter terms aim to curb leveraged long bets after a rapid rally in Asia’s leading chipmakers, Bloomberg reported.
8. Strategy founder Michael Saylor reiterated the firm could sell Bitcoin holdings if necessary. Speaking at a crypto event, Saylor clarified that prior statements never ruled out disposals, underscoring flexible treasury management amid ongoing market volatility.
9. ProShares plans to launch a 2× leveraged SpaceX ETF on Monday, giving traders amplified exposure to the new listing. The fund, targeting twice the daily move of SPCX, highlights surging demand for single-stock leveraged vehicles ahead of the record-breaking IPO.
10. Fonterra appointed Elisa Giusti as Chief Growth and Strategy Officer to support international expansion. The dairy cooperative said Giusti, previously head of global marketing, will assume the role this week to drive long-term growth initiatives.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
Comments