01 Stock Market
As of May 13, U.S. stock index futures performed as follows: Dow Jones futures fell 0.28%, S&P 500 futures rose 0.22%, and Nasdaq 100 futures advanced 0.73%, pointing to a cautiously constructive tone dominated by growth-oriented names. The tech-heavy Nasdaq’s outperformance underscores continued enthusiasm for artificial-intelligence beneficiaries even as broader macro uncertainty tempers gains in cyclical shares.
Notable Stock Movers: Semiconductor momentum remained intense: MU up 5.91% at $811.87, INTC up 3.60% at $124.95, NVDA up 2.24% at $225.72, and AMD up 2.06% at $457.52 after upbeat demand signals for memory and AI processors. Specialty chipmaker WOLF up 16.47% at $62.57 extended gains following a bullish analyst note, while cloud-infrastructure player NBIS up 16.70% at $209.02 rallied on strong quarterly growth. In contrast, Chinese e-commerce giant BABA down 1.32% at $133.00 slipped after earnings highlighted margin pressure from aggressive investment in artificial intelligence and quick-commerce services.
Beyond individual names, traders rotated toward leveraged semiconductor funds, mirroring confidence in the sector’s earnings trajectory, and rewarded data-center suppliers such as TSM up 0.87% at $400.74. Conversely, select Chinese internet ADRs showed mixed direction, with modest advances in JD up 3.08% offset by softness in travel and music platforms. Overall, the pre-bell landscape favors high-growth chip designers and manufacturers, while consumer-focused Asian tech remains under scrutiny amid rising capital-expenditure burdens.
02 Other Markets
• 10-year U.S. Treasury yield rose 0.09%, to 4.47%.
• U.S. Dollar Index rose 0.18% to 98.48.
• WTI crude oil futures fell 0.43% to 98.09 USD/barrel; COMEX gold futures rose 0.37% to 4 704.10 USD/ounce.
03 Key News
1. Global-E Online raised full-year guidance after delivering 40% GMV growth and turning solidly profitable. The cross-border e-commerce platform reported non-GAAP net income of $46.9 million and expanded margins, prompting a 7% pre-market share bounce. Management cited robust enterprise adoption and lifted revenue, GMV, and EBITDA targets for the year.
2. Tower Semiconductor beat consensus estimates and issued record revenue guidance, sending shares up double digits in early trade. The foundry’s adjusted EPS of $0.65 topped forecasts, while second-quarter revenue could reach $455 million, driven by silicon-photonics demand and broad technology strength.
3. AI cloud specialist Nebius reported an almost eightfold revenue surge, fueling a 13% pre-market rally. Heavy investment in GPU capacity pushed quarterly sales to $399 million and positioned the firm to expand data-center power to 900 MW, though analysts caution rising capital spending may pressure margins.
4. Alibaba’s profit slid despite higher sales as hefty AI and quick-commerce investments weighed on margins. Cloud revenue jumped 38%, yet adjusted EBITA contracted sharply, leading to a pre-bell share decline as investors assessed the cost of the group’s aggressive technology push.
5. The FCC approved EchoStar’s $40 billion spectrum sale to AT&T and SpaceX, accelerating nationwide 5G and satellite connectivity. Conditions include an escrow requirement and faster network build-outs, lifting EchoStar shares more than 8% in pre-market dealings.
6. Velo3D posted a 48% revenue increase and cut debt by 70% through equity conversion, sparking a 24% stock jump. Management highlighted improving gross margins, strong defense-aerospace demand, and fresh capital that will fund capacity expansion.
7. Birkenstock missed quarterly sales expectations and warned of shipment delays tied to Middle East tensions, pushing shares lower. The footwear maker cited softer European demand and logistics disruptions but kept full-year forecasts intact, banking on premium pricing and Asia-Pacific growth.
8. Autonomous-driving company WeRide narrowed its quarterly loss while boosting revenue, yet shares slipped in thin pre-market trade. Revenue rose to 114 million yuan, but the figure lagged analyst estimates, keeping profitability timelines in focus.
9. JPMorgan filed for an Ethereum-based tokenized money-market fund aimed at stablecoin issuers, expanding its blockchain footprint. The OnChain Liquidity-Token fund will invest in Treasury bills and repo agreements, offering interest-earning options for digital-asset reserves with a minimum $1 million subscription.
10. Tencent’s quarterly profit missed analyst expectations as the firm accelerated spending on proprietary AI models. Gaming and advertising revenue grew, yet rising capital expenditure and promotion of the Yuanbao chatbot pressured margins, underscoring competition in China’s AI race.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
