Pre-market Headlines: All Eyes on CPI, AI Tech Giants Beat Earnings Expectations, Futures Soar

Aug 12, 20:24

August 12th, Tonight, CPI data will be the market's focus. Before that, the market opened higher in pre-market trading. According to Bitget quotes, on Wednesday's pre-market, the three major futures rose across the board, with Dow futures up 0.14%, Nasdaq futures up 0.71%, and S&P 500 futures up 0.28%. WTI crude oil rose 0.64%, and gold rose 0.61%.

A summary of key pre-market news for the U.S. stock market on Tuesday is as follows:

1. Musk's latest statement claims that AI revenue will surpass all other SpaceX businesses in September and predicts that AI will account for 99% of SpaceX's valuation within 5 years.

2. Samsung Electronics and SK Hynix are expected to announce the largest-ever shareholder return plan by the end of this month. With the AI-driven memory chip supercycle significantly boosting the cash generation capabilities of the two companies, the market is even discussing the possibility that the total shareholder return scale, including special dividends, buybacks, and stock cancellations, may exceed 200 trillion Korean won.

3. NVIDIA aims for its next-generation Nemotron 4 to become one of the world's most powerful open models. Project participants expect the largest version to have at least 1 trillion total parameters, double the Nemotron 3 Ultra released in June.

4. SanDisk will hold its 2026 Investor Day at 9 a.m. ET on August 13th. This will be the most important strategic communication for the company since its split from Western Digital, and a key window for management to rebuild market confidence after a sharp stock price decline. NAND price trends and whether SanDisk's current high profitability can continue will be the focus of the market.

5. Google announced that its AI application Gemini has exceeded 1 billion monthly active users, becoming the fastest-growing product in the company's history.

6. Star stocks in the AI sector report positive earnings. AI cloud computing company CoreWeave reported second-quarter revenue of $25.8 billion, beating analysts' expectations of $25.6 billion. Optical communications company Lumentum announced its fourth fiscal quarter ending June 27, 2026, with net revenue more than doubling year-over-year to $10.1 billion, higher than the market's expectation of about $9.9 billion, and well above the $480.7 million in the same period last year. NEBIUS achieved Q2 revenue of $582 million, a 454% year-over-year increase.

7. U.S. Senator Sanders wrote to the CEOs of OpenAI, Anthropic, and Meta Platforms, requesting compliance with their earlier commitments to pause AI development, and warned that Congress would intervene forcibly.