Pre-market Stock News: JPMorgan Downgrades Apple Rating; Intel Announces Stock Offering to Raise $15 Billion; Berkshire Hathaway Repurchased Over $3.3 Billion of Stock in Q3
August 10th, a summary of key pre-market news in the U.S. stock market on Monday:
1. Intel plunged over 5% in pre-market trading. The company plans to raise $15 billion to expand its AI investment, joining the AI infrastructure financing trend.
2. BitMine increased its ETH holdings by 7391 last week, bringing the total holdings to 5,805,238 ETH. The staked Ethereum quantity has increased to 5,067,309 ETH (87% of total holdings). The current annualized staking yield is approximately $257 million.
3. Nvidia plans to invest up to $3 billion in Lancium to support AI data center power infrastructure.
4. Jefferies downgraded Apple Inc.'s rating from "Hold" to "Underperform" and lowered the target stock price from $285.56 to $263.66.
5. TSMC's July revenue was 467.58 billion New Taiwan Dollars, a year-on-year increase of 44.7%. The company plans to jointly invest about 1 trillion yen with Sony to develop and produce next-generation image sensor chips.
6. Strategy sold 1,690 BTC last week, increasing its USD reserve to $4.65 billion.
7. Meta released the lightweight AI model Muse Glimmer, making the open-source model available for free download and capable of running locally on a "single card."
8. Berkshire Hathaway has repurchased over $3.3 billion of its own stock from the third quarter (July 1st) to July 29th.
9. Archer Aviation surged over 18% in pre-market trading. Boeing plans to invest in the company and collaborate.