US Stock Outlook: Nvidia GTC Conference, Trump Support, and NEBIUS Surge.

US Stock Futures Rise Ahead of Market Open

As of the latest update, US stock futures are collectively up, with the Dow futures rising by 0.64%, Nasdaq futures by 1%, and S&P futures by 0.84%.

Notable Movements in Tech Stocks

Most major tech stocks are seeing gains in pre-market trading:

• Micron Technology (MU) up over 4%
• Intel (INTC) nearly 4%
• NVIDIA (NVDA) up over 1.5%
• Meta Platforms (META) up over 3%

Chinese Stocks Show Positive Trends

Popular Chinese stocks are also mostly up:

• Alibaba (BABA) nearly 3%
• Pinduoduo (PDD) and NIO (NIO) each up nearly 2%

Cryptocurrency Market Update

Bitcoin (BTC) briefly surpassed $74,000, gaining nearly 3% during the day, while Ethereum (ETH) rose over 8%, nearing $2,300. Cryptocurrency-related stocks are also climbing, with:

• Bitmine Immersion Technologies (BMNR) up over 7%
• IREN Ltd (IREN), MARA Holdings (MARA), and TeraWulf (WULF) each up over 5%

Micron Technology Expands Production

Micron announced plans to build a second large chip manufacturing facility at its newly acquired site in Taiwan, aiming to significantly increase the supply of advanced DRAM products, particularly high-bandwidth memory (HBM) to meet rising AI demands.

Meta Platforms' Strategic Moves

Meta is reportedly planning to lay off about 20% of its workforce, affecting around 16,000 jobs, to offset high AI investments. The company aims to invest up to $600 billion in AI capital expenditures by 2028.

Upcoming Events and Market Outlook

The annual NVIDIA GTC conference is set to begin, where CEO Jensen Huang will discuss future plans and product updates. This event is expected to showcase NVIDIA's integration of recent acquisitions into its product lineup.

Global Economic Concerns

This week, major central banks, including the Federal Reserve and the European Central Bank, will hold policy meetings amid rising inflation concerns due to escalating energy prices. The market anticipates that interest rates will remain unchanged.

Conclusion

The market is reacting positively to various developments in tech and cryptocurrency sectors, while global economic uncertainties loom. Investors are advised to stay informed on upcoming earnings reports and central bank decisions.