Pre-market US stock news roundup: Google Cloud and Nvidia announce commercial launch of Vera Rubin platform; JPMorgan raises SpaceX target price to $500
Oct 21, 20:35
October 21 — Ahead of the US market open, here are the key market and financial news items investors should focus on:
- The three major US stock index futures are edging higher. Dow Jones futures rose 0.24%, S&P 500 futures rose 0.27%, and Nasdaq 100 futures rose 0.64%.
- Gains in international oil prices narrowed. WTI crude futures rose 0.29% to $98.103 per barrel; Brent crude futures rose 0.04% to $108.836 per barrel.
- International gold and silver spot prices were mixed. Spot gold rose 0.08% to $4,128.47 per ounce; spot silver fell 1.05% to $57.36 per ounce.
- The three major European stock indexes all advanced. The UK FTSE 100 rose 0.11%, France's CAC 40 rose 0.69%, and Germany's DAX 30 rose 0.96%.
- Google Cloud and Nvidia announced the commercial launch of Vera Rubin infrastructure. Google Cloud plans to expand its Nvidia Vera Rubin-based infrastructure to multiple sites, deploying up to 960,000 Rubin GPUs.
- Nvidia upgraded its Isaac general-purpose robotics development platform, introducing a new humanoid robot reference framework, simulation workflows, and data tools aimed at accelerating general-purpose robot development.
- Nvidia announced it will expand substrate production capacity with supply chain partners including Samsung Electro-Mechanics and Unimicron, planning to increase substrate capacity for related products to 2.5 times the current level over the next three years.
- Amazon plans to receive Nvidia GB300 server racks worth about $5 billion ahead of schedule, deploying them to US data centers, and will continue adding hardware purchases at a scale of $3 billion per month going forward.
- Google's CEO said that even if customers now want computing power for 2027, it is already extremely difficult for Google to meet demand, and he remains confident about long-term computing power demand.
- OpenAI said its frontier models such as GPT-6 Astra and the Codex coding agent will soon be available on Google Cloud.
- Apple has begun a global purchase limit for its foldable phone, the iPhone Duo, with each customer limited to buying only 2 units.
- The latest data from Sensor Tower shows that since its launch in September, downloads of Meta's AI agent Muse have exceeded 10 million, with user retention rates outperforming AI rivals such as ChatGPT and Claude.
- SK Hynix completed a 40 trillion won share buyback. The repurchased shares account for about 3.3% of the company's total issued shares, making it the largest share cancellation by a listed company in South Korea.
- JPMorgan doubled its target price for SpaceX from $240 to $500, corresponding to a market value of about $6.8 trillion.