US Morning News Call | 48 Days Late! US Nonfarm Payrolls for September to Be Released Today
Key Takeaways:
• US Nonfarm Payrolls for September to Be Released Today
• Trump Plans ‘Genesis Mission’ to Boost U.S. AI Development
• Elon Musk’s xAI to Build 500 Megawatt Data Center in Saudi Arabia
• Key Earnings: Walmart, etc.
Before the Bell
Stock futures climbed Thursday after Nvidia’s earnings beat, boosting big tech and the broader market.
$E-mini NASDAQ 100 Futures (MAR6) (NQmain.US)$ went up by 1.44%;
$E-mini S&P 500 Futures (MAR6) (ESmain.US)$ went up by 1.07%;
$E-mini Dow Futures (MAR6) (YMmain.US)$ went up by 0.47%.
Trump Plans ‘Genesis Mission’ to Boost U.S. AI Development
President Donald Trump is scheduled to unveil an executive order called the "Genesis Mission" at the White House on Monday. The mission aims to strengthen the U.S. artificial intelligence industry.
White House Urges Congress to Reject Bill Restricting Nvidia Chip Exports to China
The White House is reportedly urging Congress to reject a bill that would restrict the export of $NVIDIA (NVDA.US)$ 's advanced chips to China.
Nvidia Q3 Results and Guidance Buoyed by AI Strength
$NVIDIA (NVDA.US)$ 's Q3 results and guidance were stronger than expected, driven by the continued strength of the AI sector. CEO Jensen Huang stated that the company's cloud GPUs are "sold out."
Elon Musk’s xAI to Build 500 Megawatt Data Center in Saudi Arabia
Elon Musk announced that his AI company, xAI, is partnering with Saudi Arabia and Nvidia to build a 500-megawatt data center in the country. The project will also involve the Saudi AI company Humain. Nvidia CEO Jensen Huang confirmed the collaboration to build a supercomputer in Saudi Arabia.
Crypto News
Bitcoin Miner Fees Fall to 12-Month Low
Bitcoin miner fees have fallen to a 12-month low, which underscores the long-term reliance on block subsidies for miner revenue.
Market Events
Key Economic Events
08:30 AM Non-Farm Payrolls
08:30 AM Unemployment Rate
10:00 AM Existing Home Sales
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Key Earnings
After Market
The market anticipates $Ross Stores (ROST.US)$ revenue of $5.41 billion, up 6.67% YOY, with EPS at $1.43, a 3.74% YOY decrease.
Before Market
The market anticipates $Walmart (WMT.US)$ revenue of $175.17 billion, up 4.27% YOY, with EPS at $0.6, a 5.12% YOY increase.
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Nicholas Low : release good data bad one keep
Cui Nyonya Kueh : Bottom already?![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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