01 Stock Market
As of Jun 1, U.S. stock index futures performed as follows: Dow Jones contracts rose 0.43%, S&P 500 minis advanced 0.23%, and Nasdaq 100 futures edged higher by 0.17%, signaling a cautiously positive tone ahead of the opening bell as investors assessed fresh semiconductor product launches and upbeat corporate data releases.
Notable Stock Movers: NVDA up 2.17% at $215.73 after unveiling a PC “superchip” with Microsoft; ARM up 11.31% at $393.25 on optimism it will supply cores for Nvidia’s new processors; MSFT up 3.97% at $468.12 on deepened AI collaboration; memory specialist MU advanced 3.59% at $1005.86; while chip rivals INTC fell 5.82% at $108.01 and AMD fell 3.40% at $498.57 on competitive concerns; wireless giant QCOM fell 9.63% at $226.85 following the same announcements.
Chinese electric-vehicle ADRs also attracted attention: NIO up 2.86% at $5.76 after record May deliveries; XPEV up 4.19% at $17.14 despite a modest year-on-year decline in shipments; LI dipped, falling 0.33% at $14.96 even as monthly deliveries topped 33,000 units. The broader backdrop of AI-driven hardware demand and resilient consumer data is offsetting pockets of profit-taking in select semiconductors.
02 Other Markets
• 10-year U.S. Treasury yield rose 0.18%, to 4.46%.
• U.S. Dollar Index rose 0.12% to 99.05.
• WTI crude oil futures rose 3.27% to 90.22 USD/barrel; COMEX gold futures fell 1.23% to 4 536.40 USD/ounce.
03 Key News
1. Nvidia introduced the “RTX Spark” PC superchip in partnership with Microsoft, aiming to redefine personal computing for the AI era. The system-on-chip fuses a MediaTek-co-designed CPU with Nvidia’s Blackwell GPU, promising 24-hour battery life and advanced on-device AI processing for forthcoming laptops from Dell, HP, and others. The launch positions Nvidia to challenge incumbent x86 chip providers in consumer devices.
2. Nvidia secured Anthropic, OpenAI, and SpaceX as inaugural adopters of its upcoming “Vera” data-center CPU. The company said these high-profile customers will deploy the new processor when mass production begins in the third quarter, underscoring Nvidia’s push to broaden its dominance from AI accelerators into general-purpose server chips.
3. Nvidia unveiled the DSX software platform, offering turnkey tools to design and run large-scale “AI factories.” DSX allows data-center operators to simulate full facilities, validate performance, and monitor power use, potentially boosting accelerator utilization by up to 40% and lowering deployment costs for enterprise AI workloads.
4. Berkshire Hathaway agreed to purchase homebuilder Taylor Morrison in an all-cash deal valued near $8.5 billion. The transaction expands Berkshire’s footprint in residential construction, giving it immediate exposure to U.S. housing demand and adding a portfolio of nationwide developments to its industrial and consumer holdings.
5. Li Auto reported May deliveries of 33 350 vehicles, continuing its rapid growth trajectory. The Chinese EV maker highlighted strong demand for the revamped Li L9 SUV and announced plans for a dedicated technology showcase in June as it accelerates development of in-house chips and advanced driver-assistance systems.
6. Nio achieved record monthly deliveries of 37 705 vehicles, a 62% year-on-year surge. Management credited robust uptake of its Onvo sub-brand and expanding charging infrastructure, with cumulative 2026 deliveries exceeding 150 000 units and reinforcing its competitive stance in premium electric mobility.
7. XPeng delivered 32 158 vehicles in May, up 3.7% from April despite a 4% annual decline. The company said sequential improvement reflects stabilization in domestic demand and new model contributions, keeping year-to-date deliveries above 125 000 ahead of forthcoming product launches.
8. Israeli authorities ordered strikes in Beirut’s Dahiyeh district, triggering a sharp rise in oil prices. The escalation in Middle East tensions pushed WTI futures above $90 per barrel, boosting energy shares in pre-market trade and reviving concerns over supply disruptions.
9. Coinbase launched direct Indian rupee payment rails and added perpetual futures access for local users. Following registration with India’s Financial Intelligence Unit, the U.S. exchange now enables instant INR deposits and withdrawals via the country’s fast-payments network, aiming to tap a vast, tech-savvy retail market.
10. Meituan posted a narrower quarterly loss as China’s food-delivery price war shows signs of easing. Revenue grew 5.6% while regulatory pressure on “race-to-the-bottom” discounts encouraged more sustainable competition, suggesting improving profit prospects for the platform operator amid normalization of demand.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
