Tonight's Highlights | U.S. Stock Futures Rise Collectively Tesla Shareholder Meeting Incoming  

Thursday, U.S. three major index futures slight up, after this week's AI sector volatility and U.S. Supreme Court questioning legality of President Trump tariff policy, market focus back to corporate earnings performance. Major European indices mostly down.  

 

(Source: Investing.com)  

 

As multiple justices expressed doubts on tariff legality in Wednesday hearing, market increasingly believes Supreme Court will rule Trump admin aggressive trade policy illegal. If final ruling overturns tariffs, may push U.S. stocks higher.  

 

AI-related stocks pressured earlier this week by high valuations start rebounding, helping U.S. stocks rebound Wednesday, after three major indices all fell early week.  

 

Dynasty Financial Partners CEO Shirl Penney said: "We still in early stage of AI super cycle, future capex will continue increasing, not limited to 'Magnificent Seven', including big financial institutions like Charles Schwab and JPMorgan will ramp up investment."  

 

EV giant Tesla to hold annual shareholder meeting Thursday Eastern Time, most important item vote on CEO Elon Musk $1 trillion pay package.  

 

Meanwhile, U.S. government shutdown enters record 37th day. Economists estimate each week of shutdown reduces quarterly annualized GDP growth 0.1 to 0.2 percentage points.  

 

However, multiple lawmakers say optimistic about ending shutdown this weekend.  

Company News  

Self-make chips? Arm exec: Company focuses on co-design with customers

 

November 5, Arm strategy and ecosystem EVP Drew Henry at industry event said Arm not chip maker, focuses on co-design with customers. Thus, for market rumors Arm to self-make chips, Drew Henry stressed Arm prefers partnering with customers to jointly create optimized chip designs meeting compute needs.  

 

Samsung Electronics completes acquisition of European ventilation firm FläktGroup  

 

November 6, Samsung Electronics announced completed acquisition of European ventilation firm FläktGroup. Samsung Electronics said will use FläktGroup's production, sales bases and global network to develop integrated air conditioning solutions and gradually integrate both sides' products and services to maximize synergies.  

 

Nissan Motor to sell headquarters building  

 

Japan Nissan Motor November 6 announced will sell Nissan Motor global headquarters building in Yokohama, Kanagawa Prefecture for 97 billion yen, about RMB 4.5 billion, will continue using building via lease after sale. This sale part of Nissan Motor management reconstruction.  

 

Intel VP: AI PC another disruptive upgrade for personal computers  

 

November 6, at 8th Hongqiao International Economic Forum, Intel VP Sarah Kemp pointed out from initial office automation to internet popularization, then mobile internet and cloud computing, computers not only productivity tools but windows connecting world and creating value, "now, personal computers welcoming another disruptive upgrade—AI PC."  

 

Commerzbank Q3 net profit 591 million euros  

 

Commerzbank November 6 released Q3 earnings: revenue 2.94 billion euros; net profit 591 million euros. Commerzbank still forecasts full-year net profit about 2.5 billion euros.