Pre-Bell | Wall St Futures Gain; DXYZ Up 6%; Marvell And Intel Up 5%; Micron Up 3%; Oracle Down 9%

01 Stock Market

As of Jun 11, U.S. stock index futures performed as follows: Dow contracts advanced 0.79%, S&P 500 minis gained 0.74%, and Nasdaq 100 futures climbed 1.24%, hinting at a tentative recovery after the prior session’s sell-off in big-cap technology shares.

Notable Stock Movers: MU up 3.09% at $919.46 after memory-chip optimism lifted the group; MRVL up 4.91% at $265.00 and INTC up 4.79% at $112.17 rode the same wave. AI leader NVDA up 1.13% at $202.68 edged higher following fresh robotics investments. Conversely, database giant ORCL down 8.97% at $183.20 as a steep capital-spending blueprint unsettled traders. Semiconductor-linked ETFs such as SOXL up 8.67% at $196.31 and TQQQ up 3.93% at $71.99 reflected improving risk appetite. DXYZ up 6%.

The session’s tone is being shaped by a rotation back into semiconductors after last week’s correction, while investor caution lingers over companies announcing aggressive spending plans. With index futures firm and chip names rebounding, early momentum suggests buyers are testing the waters ahead of upcoming inflation data and a heavy calendar of tech-sector news.

02 Other Markets

• 10-year U.S. Treasury yield fell 0.47%, to 4.52%.

• U.S. Dollar Index rose 0.01% to 100.04.

• WTI crude oil futures fell 1.18% to 88.97 USD/barrel; COMEX gold futures fell 0.73% to 4103.00 USD/ounce.

03 Key News

1. Oracle unveiled plans for roughly $70 billion in fiscal 2027 capital spending and about $400 billion in debt-and-equity financing, triggering investor concern. The outlay dwarfs prior guidance and follows a year in which free cash flow turned negative despite a 21% revenue jump and robust cloud-infrastructure growth, casting doubt on near-term returns.

2. NVIDIA deepened its push into physical AI by joining a funding round of up to $1.4 billion for German start-up Neura Robotics. The investment supports plans to mass-produce autonomous machines and signals the chipmaker’s strategy to diversify beyond data-center GPUs into robotics platforms.

3. OpenAI confidentially filed for a U.S. initial public offering and told employees it could list within a year. CEO Sam Altman added that a forthcoming tender offer would let staff sell shares at $687.69, while noting that any breakthrough in self-improving AI could alter the timing.

4. SpaceX is preparing a record-scale stock offering that could value the firm near $1.75 trillion and fund rapid expansion of its Starship program. Management aims to cut launch costs by up to 99% and eventually support hourly flights, positioning the company for broader satellite and AI ambitions.

5. ARK Invest rebalanced its portfolios, divesting about $7.8 million in Robinhood shares and adding over $800,000 of Kodiak AI stock. The transactions highlight Cathie Wood’s continued tilt toward autonomous-technology themes while trimming exposure to online brokerage gains.

6. Tether led a financing round of up to $1.4 billion for Neura Robotics, joined by Amazon, NVIDIA and other strategic backers. Proceeds will fund large-scale production of humanoid robots, underscoring growing capital flows into physical-AI applications.

7. China’s market regulator summoned major e-commerce platforms over alleged misleading “618” shopping-festival promotions. The agency criticized firms for undefined multi-billion-yuan subsidy claims, signaling tighter oversight of online retail marketing practices.

8. U.S. forces launched new strikes on Iranian military targets, while Tehran retaliated against American assets, escalating Gulf tensions. Washington’s assertion of control over the Strait of Hormuz heightened supply-chain risks and kept energy markets on alert.

9. Southern Texas residents filed lawsuits against SpaceX alleging property damage from Starship launch shockwaves. Plaintiffs cite cracked walls and foundation shifts, reflecting the social and environmental frictions surrounding the company’s rapid expansion at Starbase.

10. Market focus turns to the upcoming U.S. Producer Price Index release, a key input for Federal Reserve policy deliberations. With traders pricing elevated odds of another rate hike this year, a hotter-than-expected reading could sway expectations and influence Treasury and equity volatility.

Sources: Reuters, Dow Jones, Tiger Newspress, public market data

Disclaimer: For informational purposes only; not investment advice.