Top News
Before the market opened on Wednesday, the situation in the Middle East showed signs of improvement, and futures for the three major U.S. stock indexes collectively rose. As of press time, Dow Jones futures were up 0.55%, Nasdaq futures rose 0.69%, and S&P futures increased by 0.55%.
$Star Tech Stocks (LIST2518.US)$The pre-market session saw broad gains, $Oracle(ORCL.US)$Surging over 2%, $Micron Technology(MU.US)$ 、 Advanced Micro Devices (AMD.US) 、 $Amazon(AMZN.US)$ 、 $Intel (INTC.US)$ rose more than 1%.
$Popular Chinese Concept Stocks (LIST2517.US)$ Most stocks strengthened before the market opened, $GDS Holdings(GDS.US)$Rising over 2%, $Alibaba(BABA.US)$ 、 $Nio(NIO.US)$ rose more than 1%.
Due to Trump's extension of the Iran ceasefire agreement, Bitcoin surged continuously, $Bitcoin (BTC.CC)$ Breaking through $78,000 at one stroke, and U.S. cryptocurrency-related stocks rose, $Strategy(MSTR.US)$ with gains exceeding 6%. $Bitmine Immersion Technologies(BMNR.US)$ Up over 5%, $Circle(CRCL.US)$ 、 Coinbase Up over 4%.
$Optical Communication(LIST23979.US)$ Most pre-market trading saw gains, $POET Technologies(POET.US)$ rose over 10%, $Astera Labs(ALAB.US)$ Increasing over 3%, $Applied Optoelectronics(AAOI.US)$ 、 $Credo Technology(CRDO.US)$ 、 $Coherent(COHR.US)$ Rising more than 2%.
Individual Stock News
Tesla is set to release its earnings report after tonight’s market close, with the market most focused on these three key issues.
$Tesla(TSLA.US)$ Tesla released its Q1 earnings report after the US stock market closed on Wednesday. However, what Wall Street is closely watching is the slow expansion of Robotaxi, the unresolved mass production of Optimus, and the valuation logic behind a Terafab chip manufacturing plan, the scale of which is described as 'astronomical.' Tesla's stock price has fallen nearly 19% year-to-date, with Barclays warning that free cash flow may remain negative until 2029. This earnings report will be a pivotal moment for the market to recalibrate Tesla’s narrative.
Google gained momentum pre-market as Google Cloud unveiled its new lineup of TPU chips.
Google-A (GOOGL.US) Pre-market short-term rally, currently up nearly 2%. Google Cloud has launched the new TPU8T and TPU8I chips for artificial intelligence. Google Cloud Next '26 will be held from April 22-24 in Las Vegas, Nevada, USA. The conference will focus on enterprise-level AI, cloud innovation, and agent-based AI. The next-generation TPU architecture is expected to debut at the event, showcasing the new OCS configuration ratios and product deployment timelines.
Analyst: Apple's announcement of a leadership change at this time suggests that next week's earnings report may bring positive news.
$Apple(AAPL.US)$ The company is scheduled to release its second-quarter financial results on April 30. A week before the earnings announcement, it declared a change in CEO, with Cook stepping down and Ternus taking over. This timing itself is viewed by Wall Street as a "silent preview" of strong performance. Analysts generally believe that Cook’s long tenure and decision to conclude his term at a high point aligns with his consistent leadership style.
GE Vernova Q1 Results Exceed Expectations
GE Vernova (GEV.US) Pre-market up more than 8%. First-quarter revenue was $9.34 billion, surpassing expectations of $9.11 billion. Earnings per share were $17.44, compared to $0.91 in the same period last year. Adjusted EBITDA reached $896 million, higher than the expected $791.1 million. Backlog in the first quarter increased to $163 billion.
Severe CPU supply shortage may lead Intel and Advanced Micro Devices to raise prices by 8%-17% in the second half of the year.
According to Taiwan's "Business Times" report on April 22, industry insiders in the ODM (Original Design Manufacturer) sector stated that consumer-grade CPU prices have risen by 5%-10% since March this year, while server CPU prices surged by 10%-20%. Supply chain sources revealed that major international manufacturers are planning another round of price increases in the third quarter. $Intel (INTC.US)$ An additional 8%-10% price hike is planned for the second half of the year. Advanced Micro Devices (AMD.US) Two rounds of price increases are expected in the second and third quarters, with cumulative increases of approximately 16% to 17%.
Foreign media reported: POET Technologies confirmed it has received an order from Marvell Technology.
$POET Technologies(POET.US)$ Pre-market trading saw a surge of over 31% at one point but has since retreated to 19%. The company’s stock price has gained more than 72% this month. According to foreign media Stocktwits, $POET Technologies(POET.US)$ Chief Financial Officer Thomas Mika stated that the company has secured $Marvell Technology (MRVL.US)$ in orders but is still awaiting a 'response' from manufacturing giants Foxconn and Luxshare Precision Industry.
DeepSeek's debut financing round draws fierce competition from major tech firms, with Tencent and Alibaba potentially entering; valuation surges toward $20 billion.
$Alibaba(BABA.US)$ U.S. stocks rallied pre-market, currently up nearly 2%. According to a Wednesday report by tech media The Information, citing four informed sources, Tencent and Alibaba are in talks to invest in DeepSeek. Driven by strong market interest sparked by these initial contacts, DeepSeek’s target valuation has been raised from an initial minimum of $10 billion to over $20 billion, potentially expanding the scale of its financing.
$Boeing (BA.US)$ Shares rose nearly 5% in pre-market trading as the company reported Q1 revenue of $22.217 billion, a year-over-year increase of 14%. The company's total backlog grew to a record $695 billion.
Space concept stocks $AST SpaceMobile(ASTS.US)$ Shares surged nearly 8% in pre-market trading after the company announced that the Federal Communications Commission (FCC) had granted it commercial authorization, allowing the company to provide cellular broadband services directly connecting mobile phones to satellites within the United States.
Meta collects employees' 'mouse movements and keyboard operations' to train AI.
According to a Reuters report, an internal memo revealed that $Meta Platforms(META.US)$ Meta has begun deploying tracking software on work computers of its U.S.-based employees, collecting mouse movement trajectories, click behaviors, and keyboard operations in real time, while periodically capturing screenshots. All data will be used to train its AI models. This tool, named the 'Model Capability Initiative' (MCI), operates across work-related applications and websites. This deployment is part of Meta's broader 'AI transformation' strategy.
Qualcomm is mired in memory supply bottlenecks, with analysts warning of near-stagnant growth over the next two years.
Qualcomm (QCOM.US) Qualcomm’s stock price hit a record high in June 2024 amid expectations for AI development at the edge (smartphones). However, these expectations have yet to materialize. Instead, Qualcomm has been squeezed by surging memory prices driven by AI, which have constrained consumer electronics demand. Analysts predict that Qualcomm’s revenue for fiscal year 2026 will decline by 0.8%, marking its first negative growth since 2023. Revenue growth for fiscal year 2027 is also projected to be only around 0.8%, significantly lagging behind the semiconductor industry’s overall growth expectations of 56% and 28% in the corresponding periods.
SpaceX makes another strategic move before IPO: acquisition of AI startup Cursor likely this year.
In preparation for its upcoming IPO, SpaceX continues to expand its artificial intelligence business. On Tuesday, the company announced an agreement with AI startup Cursor, granting it the option to acquire the company for $60 billion later this year or purchase their ongoing collaborative project for $10 billion. In a post on X, SpaceX stated that it is working closely with Cursor to build the world’s best AI for coding and knowledge work. Cursor’s leading products, combined with its distribution channels targeting professional software engineers, paired with SpaceX’s supercomputers, will create the most effective model globally.
Global Macro
Trump announces extension of ceasefire; Iran: Received 'some signals' suggesting the US is ready to lift the blockade
On Tuesday after the US stock market closed, President Trump posted on his social media platform stating that at the request of Pakistan's Chief of Army Staff and Prime Minister, the US will postpone its military strike against Iran. Trump noted that due to 'serious divisions' within the Iranian government, the US has decided to extend the ceasefire period, demanding that Iran first propose a unified negotiation plan. During this time, the US military will continue its maritime blockade on Iran while maintaining military readiness. The ceasefire will last until Iran submits its proposal and completes negotiations, 'regardless of the outcome.'
After officially refusing to attend the negotiations in Islamabad on the 22nd, Iran’s Permanent Representative to the United Nations revealed that signals have been received indicating the US is prepared to lift the maritime blockade: 'Once they lift the blockade, I believe the next round of talks will take place in Islamabad.' Meanwhile, the second round of Lebanon-Israel talks will be held in the US on the 23rd.
"New Fed Wire": Kevin Warsh’s commitment to independence questioned; confirmation hinges on judicial investigation
Wall Street Journal reporter Nick Timiraos dissected the performance of Federal Reserve Chair nominee Kevin Warsh during his confirmation hearing. Warsh claimed to uphold the Fed’s independence but avoided every opportunity to distance himself from Trump, drawing sharp criticism from Democratic lawmakers. On monetary policy, he adopted a cautious stance without explicitly advocating for rate cuts. The biggest obstacle to his nomination remains the political deadlock between Trump and Republican Senator Tillis over the criminal investigation into the Fed’s construction projects.
Howard Marks: Markets Turn Pessimistic Amid Fourfold Pressures, S&P P/E Ratio of 22 Still Not Cheap
Current$S&P 500 Index(.SPX.US)$The current price-to-earnings ratio of approximately 22 times remains significantly higher than the historical average. Marks considers it 'far from cheap,' noting that market sentiment has turned pessimistic due to impacts from geopolitical tensions and AI-related factors. Additionally, regarding investment philosophy, he stated that 'waiting for the bottom is the dumbest thing to do,' as the bottom can only be confirmed retrospectively. 'Cheapness' is the sole criterion for buying. As for when to sell, investors should disregard their purchase cost and ask themselves, 'Would I buy at the current price?' Exiting too early would be the gravest mistake.
A $5 Trillion Opportunity! AI Is Not Only Power-Hungry but Also Driving a Surge in Demand for Water Resources and Metals
Bank of America noted that the expansion of AI data centers is triggering a comprehensive crisis across power, water resources, and critical metals, which the market has yet to fully price in. It forecasts that by 2030, annual electricity consumption by data centers will exceed Japan's total electricity usage, while water consumption will equal New York City's total drinking water consumption. Simultaneously, there will be structural shortages and sharp price increases for metals such as copper, aluminum, gallium, and germanium. The real bottleneck lies not in cost but in 'deliverability' and mismatches in construction timelines. The competition in AI is extending from computing power to a reassessment of energy and resource infrastructure.
Top 20 pre-market trading volume stocks in the U.S.
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Editor/KOKO