US Stock Market Preview: Futures Rise, Micron and Mobileye Surge After Earnings

US Stock Market Futures Rise Ahead of Opening

As of the latest update, US stock index futures are showing positive trends, with the Dow futures up by 0.54%, Nasdaq futures up by 1.05%, and S&P futures up by 0.67%.

Commodity Prices

In the commodities market, WTI crude oil futures have dropped by 4.2%, trading at $92.54 per barrel, while COMEX gold futures are down by 0.22%, priced at $4513.3 per ounce.

Pre-Market Movements in Tech Stocks

Most major tech stocks are experiencing gains in pre-market trading. Notable movements include:

• Micron Technology up over 8%
• AMD and Qualcomm up over 3%
• Intel up nearly 2%
• Nvidia up over 1%
• Tesla up nearly 1%

Chinese Stocks Performance

Chinese stocks are also seeing a positive trend, with significant gains in pre-market trading:

• Pony.ai up over 20%
• UMC up nearly 15%
• ASE Technology up nearly 11%
• XPeng up nearly 6%
• TSMC up nearly 2%
• Baidu and Pinduoduo up over 1%

Semiconductor and Storage Stocks

Semiconductor stocks are generally up, with Micron leading the way. Storage stocks are also performing well, with Micron again showing significant gains.

Space and Nuclear Stocks

Space-related stocks are strong, with Momentus soaring over 75%. Nuclear energy stocks are mostly up, with companies like Oklo and NNE gaining over 3%.

Earnings Reports and Corporate News

Pony.ai reported a 145% year-over-year increase in Q1 revenue, raising its commercialization targets for 2026. Micron has begun production of LPDDR4 and DDR4 chips at its Virginia facility, focusing on automotive and defense sectors.

Regulatory News

The EU is reportedly preparing to impose a significant fine on Google for violating the Digital Markets Act, potentially reaching nearly €1 billion.

Market Outlook

Analysts from JPMorgan suggest that the stock market may be overestimating the risks of interest rate hikes, creating opportunities for low-volatility stocks to rebound.