Pre-market trading in US stocks | Li Auto surges 7%, AMD up nearly 3%! Cryptocurrency concept stocks soar

U.S. Stock News

1. Warren Buffett, the stock god, stated that by the end of this quarter, Berkshire's cash could increase to $200 billion.

With so much cash on hand, what are they waiting for?

Buffett mentioned that with interest rates being so high in the U.S. right now, they are only swinging the bat at the right time. Currently, there are not enough attractive targets for them to allocate so much capital, waiting to see if there will be any changes.

1. There are reports indicating that Apple will not launch AI chatbots like ChatGPT, but will optimize iOS 18 through self-developed large language models (LLM) Ajax. Siri is expected to undergo a major transformation.

2. Supply chain sources suggest that the standard version of Apple's Vision (the mass version of Vision Pro) will be finalized in October this year: weighing about 400 grams, which is 2/3 of Vision Pro, and the supply chain is preparing in the tens of millions. The standard version of Vision was originally scheduled to be released in the fall of 2025 (around September), but Apple may bring it forward to June 2025.

3. Media cited a report from Jeff Pu, an analyst at Haitong International Securities, stating that Apple is intensifying its efforts in developing foldable devices. Apple is set to start mass production of a 20.3-inch foldable device by the end of 2025, followed by the launch of a foldable iPhone by the end of 2026.

4. It is rumored that NVIDIA and AMD are making a strong push into the high-performance computing (HPC) market, securing advanced packaging capacity from TSMC for CoWoS and SoIC in the coming years.

Pre-market Movers

In pre-market trading, U.S. stock index futures are up, while the fear index is down.

Bitcoin is currently trading at $65,135, up over 2% in the past 24 hours; Ethereum is trading at $3,201, up nearly 2% in the past 24 hours.

Cryptocurrency-related stocks are surging in pre-market trading, with tech stocks and Chinese concept stocks showing mixed movements.

Microstrategy is up nearly 9%, Marathon Digital is up nearly 8%, and Coinbase is up nearly 4%.

AMD is up nearly 3%, leading the tech stocks, while Tesla is up over 1%, NVIDIA and Meta are up nearly 1%, and Apple is down 1%.

Li Auto is up 7%, Nio is up over 3%, Pinduoduo, Alibaba, and NetEase are slightly up, Baidu is slightly down, JD.com and Bilibili are down nearly 1%, and XPeng is down over 1%.

On the individual stock front, Perficient surged 56% at one point, receiving a 58% premium acquisition offer from Yintuo Group.

Xishidianche New Materials surged 58% at one point, as the U.S. relaxed the tax restrictions on electric vehicles using Chinese graphite.

Luminar Technologies, a lidar company, fell 18% at one point, as it plans to apply for a mixed securities shelf offering

Strategy Review

1. Will zero-date options trigger a crash in the US stock market?

Some investors are concerned that the trading activity of ultra-short-term options may affect stock market volatility, and studies have shown that most retail investors using ultra-short-term options end up losing money.

2. How much longer can the US stock market rise? Danger is approaching!

"From now until the end of summer, two things must happen: either there must be a significant improvement in guidance, or interest rates must fall. Otherwise, we may see the S&P 500 index fall again, or even experience a full-scale pullback."

3. Palantir is riding the "AI wave", will the stock price continue to soar?

The strong growth of Palantir's commercial business may enhance investors' confidence in the company's ability to expand beyond government clients. Goldman Sachs analysts believe that as Palantir's advantage in data integration intersects with clients' AI projects, the key debate surrounding the stock will be the sustainability of its business growth