Tonight's Highlights | U.S. Major Index Futures Slide Collectively Premarket; Micron Falls 3%, Novo Nordisk Surges
On Monday, U.S. stock index futures moved lower across the board in premarket trading.
As of press time, Dow Jones futures were down 0.08%, S&P 500 futures down 0.21%, and Nasdaq-100 futures down 0.33%.
In terms of individual stocks, Micron Technology shares fell about 3% premarket. Semiconductor research firm SemiAnalysis mentioned in a report last week that Nvidia will exclude Micron's HBM4 from the first year of mass production for the Rubin architecture, primarily adopting products from South Korean companies.
MicroStrategy fell nearly 4% premarket, Coinbase fell about 2%, and Bitcoin fell below the $70,000 mark again, dropping about 3% within the last 24 hours; Novo Nordisk rose more than 6% after Hims & Hers announced last Friday it would stop selling the generic Wegovy weight-loss drug.
Last Friday, the three major U.S. indices closed sharply higher, with the S&P 500 rising nearly 2% and both the Dow and Nasdaq rising over 2%. Even so, the Nasdaq fell 1.84% for the week due to severe selling in the technology sector (especially software stocks).
LPL Financial Chief Technical Strategist Adam Turnquist stated: "After eight days of declines, buyers finally returned to the software sector last Friday." However, he noted that the broader technology sector will likely remain range-bound.
Turnquist stated: "For the broader market to achieve sustainable development, renewed participation from the technology sector may be crucial." Without more participation from the technology sector, particularly the software industry, it will be difficult for the S&P to return to the 7,000 level.
Looking ahead to this week, the primary data is the employment trend report scheduled for release on Wednesday. Economists surveyed by Dow Jones expect this closely watched "non-farm report" to show the U.S. added 55,000 jobs in January.
European stocks currently trading are mixed; the German DAX index is currently up 0.45%, the UK FTSE 100 index is down 0.07%, and the French CAC 40 index is up 0.12%.
Company News
Jensen Huang Supports Tech Giants' Over $600 Billion Capital Expenditure: Robust Demand, AI Investment Creates More Revenue
Nvidia CEO Jensen Huang stated in an interview with foreign media that the technology industry's growing capital expenditure on AI (Artificial Intelligence) infrastructure is reasonable, appropriate, and sustainable, as the cash flow of these companies will begin to grow.
Tech giants including Microsoft, Amazon, Meta, Oracle, and Alphabet plan to invest a total of over $600 billion in capital expenditures in 2026. Huang emphasized that the "largest infrastructure buildout in human history" is unfolding, driven by "insatiable" demand for computing power, which AI companies and hyperscale cloud service providers are using to generate more revenue.
Gurman: Apple to Launch New Products Intensively in Coming Weeks
Technology reporter Mark Gurman stated that Apple will launch a series of new products in the coming weeks, including the iPhone 17e, new iPads, and MacBooks equipped with M5 Pro/Max chips.
Report: Samsung Display Considering Expanding OLED Panel Capacity as Apple Plans to Launch iPhone Flip Small Foldable Phone
Because Apple plans to continue with a "iPhone Flip" small foldable phone after launching the iPhone Fold large foldable, Samsung Display is currently evaluating expanding its OLED panel capacity for Apple's foldable products.
Samsung Display is considering new investment in foldable OLED production equipment at its A4 factory in Asan, Chungcheongnam-do, South Korea, focusing on upgrading backplane-related processes, including thin-film transistor (TFT) production lines. The overall direction has been set, and once the internal review of the specific investment scale is completed, relevant capital expenditures are expected to begin in the second quarter of this year.
Amazon and STMicroelectronics Reach Cooperation on Data Center Construction
STMicroelectronics announced on February 9 that it is deepening its strategic collaboration with Amazon Web Services (AWS) through a multi-year, multi-billion dollar commercial partnership involving multiple product categories. This cooperation establishes STMicroelectronics as a strategic supplier of advanced semiconductor technologies and products to AWS, with technologies to be integrated into AWS computing infrastructure.
STMicroelectronics stated that this cooperation covers a wide range of semiconductor solutions; STMicroelectronics will provide proprietary technical capabilities covering high-bandwidth connectivity, including high-performance mixed-signal processing, advanced microcontrollers for smart infrastructure management, and analog and power integrated circuits that meet the energy efficiency requirements of hyperscale data center operations.
Meta Rebuts EU Antitrust Allegations, Claims No Ground for Intervention in WhatsApp Business Interface
Meta on Monday rebutted antitrust allegations from EU regulators. Previously, the EU accused Meta of violating antitrust rules and required it to stop blocking competitors' AI tools on the instant messaging service WhatsApp.
A Meta spokesperson rebutted in an emailed statement: "The reality is that there is no justification for the EU to intervene in the WhatsApp Business API. There are already numerous AI options in the market that users can access through app stores, operating systems, devices, and other channels.
The European Commission's flawed logic assumes that the WhatsApp Business interface is a critical distribution channel for these chatbots."