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US Stocks Pre-Market Highlights: Apple CEO Says Memory Price Increases Are Weighing on Gross Margin; Musk Plans to Renegotiate with TSMC

Nov 3, 21:12

November 3 — According to Cailianshe Telegraph, here are the key US equity market financial news items investors should focus on:\

  1. US three major stock index futures are mixed. Dow futures down 0.70%, S&P 500 futures down 0.15%, Nasdaq 100 futures up 0.35%.\
  2. International oil prices are moving higher with volatility. WTI crude futures up 1.18% at $97.596/barrel; Brent crude futures up 0.41% at $105.196/barrel.\
  3. International spot gold and silver both fell. Spot gold down 0.29% at $3,935.21/oz; spot silver down 2.00% at $49.61/oz.\
  4. Europe's three major stock indices all moved lower. UK FTSE 100 down 0.68%, France's CAC40 down 0.07%, Germany's DAX30 down 0.52%.\
  5. Apple CEO Ternus said at the earnings call that rising memory prices are weighing on the company's gross margin, which declined quarter-on-quarter in the new quarter, and he expects memory costs to be even higher in the future.\
  6. Samsung Electronics will use its second wafer foundry in Texas to produce base dies for high-bandwidth memory chips for AMD and Nvidia. The plant is expected to officially break ground this month.\
  7. Musk has softened his stance on how the Terafab chip factory will cooperate with TSMC, and the two sides are preparing to renegotiate. TSMC may take on primary responsibility for the construction and operation of the fab.\
  8. Qualcomm announced that its first-generation high-bandwidth compute (HBC) technology has completed hardware validation, and the AI250 accelerator featuring this architecture is scheduled to sample in the first half of 2027.\
  9. Anthropic said it aims to exceed 3.5 gigawatts of compute capacity by the end of 2026, with the target doubling next year.\
  10. Morgan Stanley's CEO said AI capital expenditure could reach $10 trillion to $15 trillion over the next decade. Currently, $2 trillion to $3 trillion in funds has been committed or already deployed.\
  11. US midterm elections officially began voting on November 3 local time. The election results will determine the power structure of Congress over the next two years and affect the Trump administration's room to govern.