US Stock Market Outlook: Futures Rise, Focus on Nvidia GTC and PayPal Surge.

US Pre-Market Update: Stocks Show Mixed Movements

On Tuesday morning, US stock futures showed a slight upward trend, with Dow futures rising nearly 0.5%.

Notable Movements in Tech Stocks

• Micron Technology fell over 2%.
• Nvidia, Tesla, and Amazon each rose nearly 1%.

Chinese Stocks Performance

• Pony.ai surged over 4%.
• Bilibili increased by more than 3%.
• New Oriental dropped over 6% post-earnings.

Nuclear Energy Stocks Rally

Nuclear energy stocks saw strong pre-market performance:

• Cameco rose nearly 16% after signing an $80 billion reactor agreement.
• Uranium Energy increased by about 6%.
• Energy Fuels and Centrus Energy also saw gains.

Nvidia's GTC Conference and AI Focus

Nvidia's CEO Jensen Huang is set to deliver a significant speech at the GTC conference, focusing on physical AI and robotics.

Trump Praises Nvidia

Former President Trump will meet with Huang and praised Nvidia's recent achievements, highlighting their new Blackwell chip, which is entirely manufactured in the US.

Tesla's Advancements in Autonomous Driving

Tesla is making headlines with its latest advancements in autonomous driving, opting for a cost-effective camera-driven solution over traditional sensors.

PayPal's Partnership with OpenAI

PayPal shares surged over 16% after announcing a partnership with OpenAI to integrate its digital wallet into ChatGPT, allowing users to make purchases directly through the AI platform.

Amazon's Major Layoffs

Amazon plans to cut around 30,000 jobs, approximately 10% of its corporate workforce, as part of a cost-cutting strategy led by CEO Andy Jassy.

Apple and Microsoft Compete for $4 Trillion Valuation

Apple and Microsoft are vying to surpass a $4 trillion market cap, with both companies close to achieving this milestone.

Analyst Insights on Apple's Services Business

Analysts predict that Apple's services revenue will exceed $100 billion for the first time, driven by strong user engagement and partnerships.

Market Outlook and Predictions

Wall Street is optimistic, with the S&P 500 potentially breaking the 7000 mark this week, driven by positive economic signals and strong corporate earnings.

Caution on AI Valuations

Cathie Wood warns of potential adjustments in AI valuations as the market shifts focus from rate cuts to increases, although she does not believe there is an AI bubble.

Conclusion

The market is experiencing a mix of optimism and caution, with significant movements in tech and energy sectors, alongside major corporate developments.