Nasdaq Futures Lose ~0.9%; NVIDIA Dives ~7% Premarket; Alibaba Sags ~5% Premarket; DAX Hits Record High in Early European Trade
Futures for the three major US stock indices diverged. DJIA futures edged up 11 pts, or 0.02%, to 52,589. S&P 500 futures and Nasdaq futures dropped 0.4% and nearly 0.9%, respectively. NVIDIA (NVDA.US) lost 6.7% in premarket trading after reports spread that CEO Jensen Huang was involved in a second extramarital affair, with the board planning to remove him from his position. CoreWeave (CRWV.US), a neocloud service provider in which NVIDIA is the second-largest shareholder, tumbled 5.7% premarket. SK hynix (SKHY.US) slid 3.3% premarket, Micron (MU.US) dived 2.9%, yet Advanced Micro Devices (AMD.US) soared 4.2%. Reports that the US may restrict Chinese companies' remote access to AI chips weighed on Alibaba (BABA.US), which slipped 4.8% premarket.
Major European stock markets traded higher in early Thursday trading. The pan-European STOXX 600 rose 0.4% to 665.58, reaching an intraday record high of 665.99. The UK's preliminary 3Q GDP grew 0.7% QoQ, in line. The UK's FTSE 100 added 27 pts, or nearly 0.3%, to 10,863. France's CAC gained nearly 0.8%. Germany's DAX surged 274 pts, or 1%, to 26,937, hitting an intraday record high of 26,998. Italy's FTSE MIB climbed 0.1%, while Spain's IBEX 35 edged down 0.1%.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| ALIBA (C) |
17107 |
124.88 (-) |
0.031 |
6.7 X |
| ALIBA (C) |
15764 |
119.88 (-) |
0.015 |
9.7 X |
| ALIBA (C) |
16794 |
114 (-) |
0.039 |
4.6 X |
| ALIBA (C) |
18120 |
110.88 (-) |
0.059 |
5.7 X |
| ALIBA (C) |
14258 |
107.8 (-) |
0.024 |
10.0 X |
| ALIBA (C) |
18637 |
103 (-) |
0.087 |
5.0 X |
| ALIBA (P) |
16016 |
102 (-) |
0.158 |
3.1 X |
| ALIBA (P) |
15289 |
96 (-) |
0.108 |
5.3 X |
| ALIBA (Bull) |
69911 |
88.5 (90) |
0.028 |
16.8 X |
| ALIBA (Bull) |
54217 |
86.5 (88) |
0.039 |
12.0 X |
| ALIBA (Bear) |
61279 |
115.5 (114) |
0.092 |
5.1 X |
| ALIBA (Bear) |
69529 |
111.5 (110) |
0.076 |
6.2 X |
| Nvidia (P) |
11090 |
168 (-) |
0.242 |
5.7 X |
| AMD (C) |
11214 |
700 (-) |
0.192 |
9.2 X |