Pre-market news roundup for US stocks: NVIDIA ramps up its collaboration with Meta on AI; Goldman Sachs says AI-driven trading is leading global asset performance.
1 hours ago
Key pre-market news for US stocks on Tuesday is as follows: 1. Anthropic plans to go public in the week of November 16, with a potential fundraising of $100 billion. On the day Anthropic filed for its IPO, it was sued by the US government, and the Claude ban has affected commercial clients. 2. Nvidia will invest $30 billion in Meta’s equity offering, expanding their collaboration on AI infrastructure and models. 3. TSMC is reportedly planning to raise advanced packaging prices by 10% to 20%, putting cost pressure on Nvidia and AMD. 4. Goldman Sachs: AI’s impact on trading has surpassed oil prices, driving divergence in global asset performance. US retail stock trading activity has dropped 45% from the end of last year, and stock supply in 2027 may hit a 26-year high. 5. Corning’s Q3 core EPS came in at 91 cents, beating the market estimate of 89 cents. It projects Q4 core EPS between $0.96 and $1.00 (vs. market estimate of 93 cents) and Q4 core sales of $5.2 billion to $5.3 billion (matching the market estimate of $5.2 billion). 6. Coca-Cola (KO.N) beat Q3 earnings expectations and raised its full-year performance guidance. 7. Bernstein cut Coinbase’s price target to $250, maintained Robinhood’s $160 price target, and lifted Circle’s price target from $140 to $145.
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