Preview of US Stock Market | Three major stock index futures rise together, June Nonfarm Payrolls, European version of the annual global central bank conference coming this week, Samsung, SK Hynix's trillion-level investment plan unveiled.

Premarket Market Trends 1. As of June 29 (Monday), premarket trading in the U.S. stock market saw futures for the three major stock indexes all rising. At the time of writing, Dow Jones futures were up 0.43%, S&P 500 index futures were up 0.69%, and Nasdaq futures were up 1.07%. 2. As of the time of writing, the German DAX index was up 0.02%, the UK FTSE 100 index was down 0.08%, the French CAC40 index was down 0.20%, and the European Stoxx 50 index was up 0.08%. 3. As of the time of writing, WTI crude oil was up 0.85% at $69.82 per barrel. Brent crude oil was up 0.55% at $73.00 per barrel. Market News AI inflation concerns collide with Middle East tensions again! Market nerves stretched again Non-farm data and Powell's speech are key tests for U.S. stocks this week. Following a roller-coaster ride last week due to market uncertainty about AI spending prospects, investors will face a series of key events this week as "non-farm payrolls week" approaches. The most important event of the week will be the U.S. June non-farm employment report released on Thursday. Before that, a series of employment indicators such as job vacancy data (JOLTS), ADP private sector employment data, and layoff plans will continue to provide clues about the economic conditions. Consumer confidence surveys, as well as economic activity data released by S&P Global, Inc. and the Institute for Supply Management (ISM) are also worth paying attention to. While corporate earnings reports are relatively light this week, there is still one heavyweight report to watch NIKE, Inc. Class B (NKE.US) will announce its earnings on Tuesday. In addition, Federal Reserve Chairman Powell will participate in the European Central Bank's global central banking year-end conference for the first time on Wednesday and deliver his second speech while in office. In this week's speech, Powell will likely continue to emphasize "data-driven policy" and inflation, and may once again explain why forward guidance is being abandoned. It is worth noting that the U.S. Supreme Court is expected to rule on Monday on whether Federal Reserve Board Governor Jerome Powell can continue to serve. If the Supreme Court supports Trump, future presidents may be able to arbitrarily replace Federal Reserve officials they do not like, and the independence of the Federal Reserve could be greatly impacted, potentially leading to a market crash. South Korea unveils major AI chip investment plan: Samsung and SK Hynix lead a $51.8 billion investment to build two factories each, with the goal of doubling DRAM capacity within five years. On June 29, South Korean President Moon Jae-in held a "Great Leap Forward Three Super Projects National Briefing" at the Blue House guests' house, officially unveiling a massive semiconductor and artificial intelligence industry investment plan. Under the plan, South Korea will invest approximately 80 trillion won (about $51.8 billion) to build four semiconductor wafer fabs in the southwest region, with Samsung Electronics and SK Hynix building two each. At the same time, Korea plans to invest over 10 trillion won in AI data centers by 2035. In addition, Korea plans to invest at least 30 trillion won over the next 15 years in research and development in the fields of next-generation storage chips, edge artificial intelligence, and chip fields such as national defense; an investment of 81 trillion won is expected in the chip packaging cluster in Chungcheong region. South Korea also plans to double its DRAM production capacity within five years and expects the global memory market to quadruple in five years. "Defense signals" are on! Bank of America warns that U.S. stocks will "squat" in the summer: S&P 500 may fall below 7,000 points and is expected to rebound by the end of the year. Bank of America Corp technical strategist Paul Ciana warned that the U.S. stock market may enter a correction phase in the third quarter after experiencing a strong rally in the first half of 2026. While the bank still believes that U.S. stocks are likely to strengthen by the end of the year, its technical indicators suggest that investors should prepare for increased market volatility, implement risk control strategies, and anticipate a more challenging summer stock market environment. Bank of America Corp's third-quarter technical outlook report released on June 25 shows that the bank remains cautious about several major asset classes: the U.S. stock market may experience a correction, the U.S. dollar may strengthen against other currencies, and oil prices may fall back into lower trading ranges. "The Prophet" speaks again: Bitcoin "will go to zero"! Jeremy Grantham, a veteran investor known for successfully predicting the burst of the 2000 Internet bubble and the 2008 real estate crash, has recently reiterated his long-term skepticism about cryptocurrencies. He bluntly stated that Bitcoin (BTC) "will go to zero," calling it "a pile of unnecessary gibberish" with "no practical use other than facilitating criminals to transfer funds to avoid tracking." Grantham stated that he has never owned Bitcoin himself and has no plans to do so. The billionaire also emphasized that these remarks only represent his personal views and do not reflect the position of his co-founded Boston-based asset management firm GMO Asset Management (which manages approximately $800 billion in assets). Global economic resilience is hanging by a thread with the "sword of Damocles"? BIS sounds a triple alarm: AI bubble, inflation ghost, and high debt pressure. The Bank for International Settlements (BIS) issued a warning in its annual report that the bursting of the artificial intelligence (AI) bubble, repeated inflation, and fiscal pressures have become three major "risk points" threatening global economic prosperity. The institution based in Basel pointed out that these pressure points "require close attention," and that any sudden shocks may amplify the vulnerabilities accumulated in the financial system. The BIS bluntly stated in its report, "The global economy is caught between progress and danger, and its resilience is facing increasingly severe tests." The report was released just before the European Central Bank's annual symposium in Sintra, where global policymakers will closely evaluate such stability risks. Individual Stock News Surged more than 27% premarket! Comcast Corporation Class A (CMCSA.US) announces plans to spin off media and tech businesses. Comcast Corporation Class A announced on Monday its plans to spin off its media and tech businesses into two separate publicly traded companies to address the pressure from streaming competitors and industry consolidation trends, seeking a more favorable position in the increasingly competitive media landscape. The spin-off will be done through a tax-free divestiture of NBCUniversal and Sky, and is expected to be completed within about a year. Comcast Corporation Class A stated in its announcement that after the spin-off, existing shareholders of Comcast Corporation Class A will simultaneously hold shares of Comcast Corporation Class A and NBCUniversal. Boosted by this news, Comcast Corporation Class A's stock price surged more than 27% premarket on Monday. Shortage of computing power raises concerns: Alphabet Inc. Class C (GOOGL.US) restricts Meta (META.US)'s access to Gemini, impacting Gemini's computing power. Alphabet Inc. Class C has imposed restrictions on Meta Platforms Inc.'s use of its Gemini artificial intelligence model due to an inability to meet the computing power scale required by the latter. This move once again highlights the supply bottleneck of AI infrastructure, as Alphabet Inc. Class C has imposed quotas on several clients, with Meta being particularly affected. Three sources said that this restriction has had a ripple effect on Meta's internal projects and has forced the company to inform employees to use tokens more efficiently. Reportedly, Meta initially relied on Gemini to automate security review processes, such as deleting harmful content and combating fraudulent information, as Gemini outperformed their in-house Llama open-source model. However, as Meta increasingly uses its new Muse Spark model to reduce reliance on external models. AI iteration accelerates again! Musk reveals Grok 4.5 has been internally tested at SpaceX (SPCX.US) and Tesla, Inc. (TSLA.US). Musk recently announced on the X platform that the latest artificial intelligence model Grok 4.5 developed by his AI company has entered the private testing phase and is currently being tested internally at SpaceX and Tesla, Inc. This means that the model has been validated within Musk's two cutting-edge manufacturing enterprises before being released to the public. According to Musk, Grok 4.5 is built on a V9 base model with 15 trillion parameters and supplemented with training data from the AI coding platform Cursor, showing its enhanced capabilities in code generation and software development assistance. Internal testing usually refers to a limited release to specific user groups before the official release, allowing the development team to identify vulnerabilities, collect feedback, and optimize iterations. Musk plans to acquire optical module company Mesh: SpaceX's computing power business is expected to be strengthened. Documents filed with the Federal Trade Commission reveal that SpaceX CEO Musk is considering acquiring the optical module company Mesh, and the agency has expedited its antitrust review. Mesh is a startup founded by three former SpaceX engineers last year, dedicated to developing hardware for high-speed data center communications using light to send and receive information between data centers. The company claims that its optical modules are more efficient and have lower latency compared to existing solutions. Mesh emerged from stealth operations in February this year, announcing the completion of a $50 million Series A funding round led by Thrive Capital. Before founding Mesh, the company's co-founders Travis Brashears, Cameron Ramos, and Serena Grown-Haeberli developed optical communication links to keep SpaceX's thousands of Starlink satellites connected. NVIDIA Corporation (NVDA.US) teams up with Firmus to build an "AI Factory" in Southeast Asia: 170,000 GPU, 360M liquid cooling units enter Indonesia, targeting the break of giant computing power monopoly. Australian artificial intelligence infrastructure company Firmus Technologies announced on Monday (June 28) that it has signed a strategic partnership agreement with NVIDIA Corporation to provide more cost-effective high-performance computing resources for emerging AI enterprises. Under the agreement, Firmus will purchase infrastructure from NVIDIA Corporation and sell cloud services based on NVIDIA Corporation technology to clients like "AI Native"; in return, NVIDIA Corporation will receive product revenue and a share of cloud service revenue. According to the agreement, from the first quarter of 2027 to early 2028, NVIDIA Corporation will deliver 170,000 graphics processing units (GPUs) to a facility on Bali, Indonesia. Firmus expects that based on current customer purchase commitments, the collaborative project could generate revenue of up to $25-30 billion in the first six years. Middle East turmoil + escalating competition Toyota Motor Corp. Sponsored ADR (TM.US) global sales decline for the fourth consecutive month. Impacted by turmoil in the Middle East and fierce competition in the Chinese market, Toyota Motor Corp. Sponsored ADR's global sales have declined for the fourth consecutive month. The Japanese automaker announced on Monday that global sales in May (including sales from subsidiary Daihatsu) fell by 7.4% year-on-year, to 885,207 units; production also decreased by 5.8% year-on-year, to 857,765 units.