US Stock Market Preview: Trump on Iran War, Active Quantum and Nuclear Stocks, ASML Drops.

Market Overview

On Wednesday morning, the Nasdaq has risen for ten consecutive sessions, while the S&P 500 is nearing its historical high. The market is currently in a rebound phase, awaiting new variables. As of the latest update, the futures for the three major US indices are slightly fluctuating: Dow futures down 0.03%, Nasdaq futures down 0.03%, and S&P futures up 0.01%.

Notable Stock Movements

Tech Stocks

Star tech stocks are mixed in pre-market trading. Broadcom (AVGO) is up nearly 3%, while ASML (ASML) has dropped over 1%.

Chinese Stocks

Most popular Chinese stocks are down in pre-market trading, with XPeng (XPEV) down over 1%, and JD (JD), Baidu (BIDU), and NIO (NIO) also falling more than 1%.

Quantum Computing Stocks

Quantum computing stocks are on the rise, with D-Wave Quantum (QBTS) and SEALSQ Corp (LAES) both up over 9%, and Arqit Quantum (ARQQ) up over 8%.

Nuclear Power Stocks

Nuclear power stocks are active, with Oklo Inc (OKLO) up over 6% and NuScale Power (SMR) up over 5%.

Storage Stocks

Storage concept stocks are declining, with SanDisk (SNDK) and Micron Technology (MU) both down over 2%.

Regulatory Updates

The SEC has approved a plan to eliminate day trading restrictions for investors, leading Robinhood (HOOD) to rise nearly 7% in pre-market trading.

Earnings and Forecasts

Citigroup and Google

Citigroup has placed Google (GOOGL) on its 90-day catalyst watch list, raising the target price from $390 to $405, citing positive trends in the company's core business.

Tesla

Tesla (TSLA) is slightly up by 0.36% in pre-market trading after Elon Musk announced the successful tape-out of the AI5 chip.

Snap Inc

Snap Inc (SNAP) has surged over 8% in pre-market trading, projecting Q1 revenue of $1.529 billion, a 12% year-over-year increase.

Microsoft

Bernstein analysts suggest that Microsoft (MSFT) may see accelerated revenue growth in its Azure cloud platform in the coming quarters.

Uber

Uber (UBER) is investing over $10 billion in the Robotaxi sector, marking a strategic shift towards a capital-intensive model.

Nike

Nike (NKE) shares have risen over 2% after CEO Tim Cook purchased 25,000 shares, while analysts remain cautious about the company's growth prospects.

Intel

Intel (INTC) is expected to report strong earnings driven by surging CPU demand, with analysts raising the target price to $80.

ASML

ASML (ASML) shares are down over 3% despite exceeding Q1 profit expectations, as Q2 outlook falls short.

Geopolitical Developments

Reports indicate that the US and Iran have tentatively agreed to extend a ceasefire, with ongoing negotiations to resume.

Federal Reserve Updates

The Senate Banking Committee will hold a confirmation hearing for Kevin Warsh, Trump's nominee for Federal Reserve Chair, next week.

Economic Outlook

Former Treasury Secretary Janet Yellen suggests that the Fed may lower interest rates later this year, despite potential inflationary pressures.

Tariff Refunds

The Trump administration plans to launch a system to refund $166 billion in tariffs deemed illegal by the Supreme Court.