US Stock Market Outlook: Focus on CES 2026 and Continued AI Bull Market Narrative.

Market Overview Ahead of CES 2026

On Tuesday morning, the market is focused on CES 2026, with the "AI bull market narrative" expected to continue dominating the stock market. The three major U.S. stock index futures showed mixed results: Nasdaq futures rose by 0.15%, Dow futures fell by 0.15%, and S&P 500 futures remained flat.

AI Stocks Performance

Star tech stocks are mostly up in pre-market trading, with TSMC rising over 2%, likely to hit new highs at the opening. Other notable stocks like Micron Technology, NVIDIA, and AMD also saw gains.

Chinese concept stocks are generally up, with Hesai Technologies soaring nearly 7%, Pony.ai up over 2%, and NIO rising close to 2%. Chip stocks continue their recent upward trend, with TSMC up nearly 2%, and Micron, Marvell Technology, and Intel all gaining over 1%.

Notable Pre-Market Movements

• Aeva Technologies surged nearly 25%.
• Arbe Robotics rose nearly 14%.
• Hesai Technologies increased over 6%.
• Novo Nordisk gained over 4% after launching a new GLP-1 oral medication for weight loss in the U.S.
• OneStream jumped nearly 23% amid reports of a private equity acquisition.

NVIDIA's Innovations at CES

NVIDIA's CEO Jensen Huang announced the new Rubin architecture, promising high performance at lower costs, with initial deliveries expected later this year. Huang emphasized that the competition in AI is intensifying, and NVIDIA aims to maintain its leadership in AI acceleration.

NVIDIA also unveiled advancements in humanoid robotics and a new autonomous vehicle model named Alpamayo, showcasing its technology's potential to transform the $50 trillion manufacturing and logistics sectors.

AMD's Ambitious Goals

AMD's CEO Lisa Su introduced new chips targeting AI capabilities, aiming for a 1000x performance increase. She highlighted the industry's rapid innovation and the need for substantial computational power to meet future demands.

U.S. Military Action in Venezuela

In a significant geopolitical move, the U.S. launched a military operation in Venezuela, leading to the arrest of President Maduro and his wife. This has sparked optimism in the market, with Chevron and ExxonMobil seeing stock price increases of approximately 5% and 2%, respectively.

Economic Policies and Market Reactions

The People's Bank of China emphasized a continued moderately loose monetary policy to support economic growth and stability. Meanwhile, copper prices hit a record high, driven by supply concerns and increased demand.

Investors are closely monitoring these developments as they navigate the evolving market landscape.