01 Stock Market
As of May 6, U.S. stock index futures performed as follows: Dow futures advanced 1.04%, S&P 500 futures gained 0.82%, and Nasdaq 100 futures jumped 1.40%, pointing to a broadly positive start as investors reacted to robust technology earnings and easing geopolitical tensions.
Notable Stock Movers: AMD up 18.00% at $419.20 after projecting second-quarter revenue ahead of expectations; SMCI up 13.19% at $31.50 on upbeat server demand guidance; ARM up 12.05% at $234.00 following a price-target hike; INTC up 4.20% at $112.69 extending Tuesday’s rally; MU up 5.47% at $675.23 as memory-chip enthusiasm grows; NVDA up 2.42% at $201.25 as partnerships widen; TSLA up 0.43% at $391.06 despite a newly announced vehicle recall.
The pre-bell tone is being set by continued momentum in artificial-intelligence hardware names, with servers, CPUs and memory chips drawing heavy pre-market interest. Strength in these high-growth segments is helping offset earlier concerns about energy costs, while falling crude prices provide an additional tail-wind for risk assets heading into the cash session.
02 Other Markets
• 10-year U.S. Treasury yield fell 1.41%, to 4.35%.
• U.S. Dollar Index fell 0.65% to 97.85.
• WTI crude oil futures fell 9.42% to 92.64 USD/barrel; COMEX gold futures rose 2.90% to 4,701.20 USD/ounce.
03 Key News
1. Corning and NVIDIA launched a multiyear partnership to expand U.S. optical-connectivity manufacturing, sparking a 17% pre-market rise in Corning shares. The plan includes three new facilities in North Carolina and Texas, a tenfold increase in optical capacity, and more than 3,000 new jobs, underscoring surging demand for AI data-center infrastructure.
2. Uber forecast second-quarter gross bookings of up to $57.75 billion, lifting its stock 8% before the bell. Management cited resilient ride-hail demand, expanding delivery services and productivity gains from artificial-intelligence tools, while acknowledging a modest drag from Middle-East conflict.
3. Disney beat consensus with $1.57 adjusted EPS on $25.2 billion revenue, sending shares 6% higher pre-market. New CEO Josh D’Amaro reaffirmed double-digit profit growth targets, highlighting robust streaming subscriptions, healthy theme-park spending and planned investments in content and technology.
4. Hut 8 inked a 15-year, $9.8 billion lease for a 352 MW AI data-center campus in Texas, propelling its shares 13% higher. The take-or-pay agreement with an investment-grade tenant expands Hut 8’s contracted AI capacity to 597 MW and could scale to 1 GW, reflecting surging infrastructure demand for large-scale model training.
5. Advanced Micro Devices projected second-quarter sales of about $11.2 billion, well above Wall Street estimates, driving an 18% share price jump. The company sees its server CPU market surpassing $120 billion by 2030 as AI inference workloads accelerate, and expects data-center revenue to rise more than 70% year-on-year in the current quarter.
6. Super Micro Computer issued fourth-quarter revenue and profit guidance above analyst expectations, lifting the stock 17% pre-market. Management pointed to sustained demand for its AI-optimized server platforms, offering reassurance after legal headwinds earlier this year.
7. Tesla will recall 218,868 U.S. vehicles to fix delayed rear-view camera images identified by federal safety regulators. The National Highway Traffic Safety Administration said the software issue could elevate crash risk; Tesla will provide a free over-the-air update to affected owners.
8. Novo Nordisk posted stronger-than-expected first-quarter profit and nudged its 2026 sales and operating-profit outlook higher, boosting shares 4.8% pre-market. Management highlighted solid adoption of its new weight-loss pill and continued international growth, even as competition with rival therapies intensifies.
9. Iran’s Revolutionary Guards signaled new procedures to ensure safe transit in the Strait of Hormuz as U.S. escort operations pause. The statement thanked shipping operators for compliance with Iranian regulations, reducing immediate tensions in a vital oil corridor and contributing to the dip in crude prices.
10. Crypto exchange Bullish agreed to acquire transfer-agent Equiniti in a $4.2 billion deal, aiming to bridge blockchain and traditional capital markets. The purchase grants Bullish a regulated shareholder-services platform, positioning it to support tokenized securities as institutional demand for blockchain settlement rises.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
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