Pre-market news summary for US stocks

① U.S. stock index futures all rose: Dow futures rose 0.23%, S&P 500 futures rose 0.34%, and Nasdaq futures rose 0.44%.

② European stock market indices were mixed: Germany's DAX30 surged 1.20%, France's CAC40 fell 0.04%, Europe's Stoxx 50 rose 0.77%, and the UK's FTSE 100 rose 0.42%.

③ This week marks the "super week," with tech giants like Tesla, Intel, and Netflix set to release their third-quarter earnings reports. The U.S. CPI data, previously delayed due to the government shutdown, will be released on Friday, serving as an important guide ahead of the Federal Reserve meeting.

④ Goldman Sachs' analysis team refuted the AI bubble theory, believing that the strong rally in U.S. tech stocks is primarily driven by fundamentals, with leading companies having robust balance sheets, and the market is not driven by a large number of unprofitable firms.

⑤ Wall Street giant Jefferies firmly believes in the bull market logic of AI and gold, stating that AI infrastructure spending is the core driving force behind the rise in U.S. stocks, and reaffirming a long-term gold price target of $6,600, emphasizing that the real value of the dollar has depreciated by 99% since 1971.

⑥ Oracle recently announced a revenue target of $225 billion for fiscal year 2030 and a diluted EPS of $21, expecting a five-year CAGR of 28%, and raised its cloud infrastructure revenue target to $166 billion, accounting for nearly 75% of total revenue. Major firms like Goldman Sachs and Piper Sandler have raised their price targets to the range of $320–$400.

⑦ Amazon was basically flat in pre-market trading, as its cloud computing services experienced a large-scale outage globally today, affecting platforms like Coinbase and Robinhood, which are gradually restoring services.

⑧ Apple rose 1.43% in pre-market trading, as demand for its new iPhone 17 exceeded expectations, driving its smartphone business to achieve the fastest growth since the pandemic. Analysts expect iPhone revenue to grow by 4% to $190 billion; previously, Loop Capital upgraded its rating from hold to buy.

⑨ Micron Technology rose over 4% in pre-market trading. The company's Executive Vice President and Chief Business Officer Sumit Sadana expects the DRAM market to remain extremely tight until 2026; additionally, Barclays raised the company's price target from $195 to $240