U.S. stock market pre-market: Three major stock index futures all fell, international oil prices continued to rise, Google and Tesla are about to release financial reports

U.S. stock market pre-market: Three major stock index futures all fell, international oil prices continued to rise, Google and Tesla are about to release financial reports.

Before the market opened on Wednesday, all three major U.S. stock index futures fell, while major European indexes generally rose. As of press time, Nasdaq 100 futures fell 1.05%, Dow futures fell 0.18%, and S&P 500 futures fell 0.44%. In terms of commodities, Brent crude oil rose 3.22% to US$93.96/barrel; WTI crude oil rose 2.72% to US$86.63/barrel.

Spot gold rose 1.23% to $4,128.13 an ounce. Spot silver rose 1.14% to $59.43. In terms of individual stocks, most star technology stocks fell before the market opened.

Micron Technology fell by nearly 4%, Intel fell by more than 3%, AMD fell by more than 2%, Nvidia fell by more than 1%, Tesla fell by nearly 1%, and Google, Microsoft, and Amazon rose slightly.

Popular Chinese concept stocks Doppox fell before the market opened, NetEase fell nearly 4%, Xpeng fell nearly 3%, TSMC fell more than 2%, Alibaba, Baidu, and Pinduoduo fell more than 1%, and UMC and JD.com fell nearly 1%.

On the evening of July 21st, Eastern Time, and in the early morning of July 22nd, Iranian time, the US military launched military strikes on many places in Iran for the 11th consecutive night. In response, Iranian forces attacked U.S. military bases in Kuwait, Jordan and Bahrain.

According to reports, in the early morning of the 22nd, the air defense system of Tehran, the capital of Iran, was activated continuously. However, so far, Iran has not disclosed the casualties and property losses.

Some Iranian analysts pointed out that the deep-rooted distrust between Iran and the United States, pressure from Israel, and domestic political problems in the United States have led to limitations and fragility in the way Iran and the United States use negotiations to ease the situation.

At present, the new round of conflict between Iran and the United States shows no signs of easing, and the game between the two sides over the Strait of Hormuz has also led to continued instability in the security situation throughout the Middle East. In addition, U.S.

Secretary of State Rubio said that the United States is still willing to resolve the Iran crisis through diplomatic channels, but Iran has not shown a willingness to negotiate seriously. The U.S. government will invest US$5 billion to promote AI research, covering many fields such as medical care and construction.

The Trump administration announced on Wednesday local time that it would invest US$5 billion to use artificial intelligence (AI) to overcome long-standing scientific problems in multiple fields.

According to the statement, relevant government agencies will use the funds to conduct a variety of research, including finding the root causes of chronic diseases, accelerating drug research and development, and developing more durable building materials. Michael Kratzios, chief science and technology adviser to the U.S.

President, said researchers participating in the project will have access to the U.S. Department of Energy’s supercomputers, AI models, professional data sets and other key infrastructure needed to conduct algorithm experiments. The plan will involve 15 federal agencies, including the U.S.

Departments of Health and Human Services, Energy, Transportation, Defense, and the Interior. Kratsios said: “The White House is promoting federal agencies in different fields to work together and integrate them into this larger ‘AI-empowered scientific research’ plan.” U.S.

House of Representatives passes temporary funding bill, seeking to avoid shutdown before midterm elections On Tuesday (July 21), the U.S. House of Representatives passed a temporary appropriation measure to extend federal funding until December 4 to avoid a possible government shutdown before key midterm elections this fall.

On the same day, the House of Representatives passed the bill with a party-line vote of 220 to 205, and will then be submitted to the Senate for consideration. According to the original arrangement, federal government funds will be exhausted after September 30, which is the end of the current fiscal year. Usually, the U.S.

Congress passes temporary appropriations bills days or even hours before the end of the fiscal year. However, this time, the House of Representatives took action more than two months before the deadline.

This is extremely rare and shows that lawmakers intend to avoid the risk of a government shutdown affecting the political atmosphere before the mid-term elections. There are reports that most Democratic lawmakers oppose the bill and criticize Republicans for unilaterally pushing the bill without bipartisan consultation.

House Speaker Mike Johnson responded that if Democrats vote against it, they will bear the responsibility for the chaos caused by a potential government shutdown after September 30. International oil prices continue to rise! What’s the secret behind the Iranian “Haoshan” that Trump is targeting?

According to reports from CCTV News and other media, as Trump threatens to expand the target of attacks to Iran's "Haoshan", the prospects for the resumption of the truce between the United States and Iran are becoming increasingly chaotic.

Briefly, Trump told the media at the White House on Tuesday that the United States "may soon strike hard" at Iran's Haoshan underground nuclear facility.

The central headquarters of the Iranian Armed Forces in Hatam al-Anbia responded earlier on Wednesday that if the US military attacks Iran's nuclear facilities, Iran will regard it as an escalation of regional conflicts. Affected by this, international oil prices continued to rise on Wednesday.

As of press time, Brent crude oil futures rose by more than 3% during the day. "Kuh-e Kolang Gaz La" (called Kuh-e Kolang Gaz La in Iran, where Kolang means "pickaxe") is located 220 kilometers south of Tehran and 2 kilometers away from the Natanz nuclear facility with a uranium enrichment plant.

The Natanz nuclear facility was attacked twice during the Middle East conflicts in February and June last year. The Institute for Science and International Security said that given that the "Haoshan" facility is buried deep underground, even the 30,000-pound bomb used in June last year may not be effective.

The agency also believes that the facility is "more suitable for attack or sabotage by ground forces." Google’s big earnings report night, Capex guidance expected to be raised? Senior analyst: It may hit US$200 billion in 2026 Alphabet, Google’s parent company, will announce its second-quarter results after the U.S.

stock market closes on July 22 (early morning on the 23rd, Beijing time). However, the market’s real focus is not on single-quarter profit performance, but on whether management will further increase AI capital expenditure (Capex) guidance.

Robert Castellano, president of The Information Network, who has more than 40 years of experience in researching the technology industry, wrote that multiple industry chain signals show that Alphabet’s previous Capex forecast of US$180 billion to US$190 billion in 2026 may have been conservative.

As the construction of AI data centers continues to accelerate and cloud computing demand maintains strong growth, Alphabet's investment in AI infrastructure in the next few years is likely to maintain an upward trend.

Castellano predicts that Alphabet may raise its 2026 capital expenditure guidance to US$190 billion to US$200 billion in its financial report, while maintaining the relevant statement that expenditures in 2027 will be close to US$300 billion. At the same time, Deutsche Bank also significantly increased its forecast for Alphabet's future capital expenditures.

Deutsche Bank predicts that Alphabet's Capex will reach approximately US$325 billion in 2027, a significant increase from the previous forecast of US$250 billion; capital expenditures in 2028 may further rise to US$365 billion to US$370 billion.

If this trend materializes, it means that the AI infrastructure investment cycle continues to expand, and the market’s previous concerns about AI capital expenditures about to peak and growth momentum slowing may face repricing. SK Hynix is rumored to acquire Intel factories?

Both companies denied On Wednesday, media reports said that South Korean storage giant SK Hynix is rumored to be negotiating with Intel to acquire Intel's semiconductor park in Ohio, with the goal of starting to produce memory chips there within five years. However, both SK Hynix and Intel subsequently denied the news.

A spokesman for SK Hynix said the company has not sought or decided to acquire Intel's Ohio-based semiconductors.

An Intel spokesperson told the media that according to company policy, the company does not comment on media speculation about future business arrangements, but Intel is "committed to Ohio" and will continue to invest to speed up the construction of the factory. Industry insiders also said that this rumor is extremely unlikely to be true.

The factory in this rumor is the "hundred billion dollar" chip factory that Intel had previously ambitiously built, and it is also the future core of Intel's foundry business.

SK Group Chairman Choi Tae-won said this week that the company is evaluating sites in the United States and South Korea to build semiconductor manufacturing plants "at the fastest and largest speed" to meet the growing demand for artificial intelligence memory. Investors quietly shifted their positions: U.S.

cybersecurity leaders rose more than 100% in the first three months As the market focuses on the shocks of the AI sector and the violent fluctuations in momentum factors, a quiet capital migration is taking place in the field of network security software. In the past three months, some of the top security software stocks in the U.S.

stock market have increased by more than 100%, and the demand for cloud computing has recovered simultaneously, which together outlines a picture of structural rotation within the technology sector. U.S. cybersecurity giants Palo Alto Networks and Rapid7 led the gains, with gains exceeding 100% in three months.

CrowdStrike, Qualys, Fortinet, Okta and Tenable followed closely, with increases ranging from 85% to 95%. At the same time, the business growth of major cloud service providers has also accelerated again, driven by AI demand.

The background of this round of market is the violent fluctuation of the momentum factor - after experiencing a 33% retracement, the factor rebounded by more than 9% in a single day, setting the largest single-day increase in the past five years.

Goldman Sachs data shows that the 30-day volatility of the momentum factor is at an extremely high level relative to the volatility of the broader market index, and the market may continue to experience extreme one-day prices. There are obvious differences in the market's judgment on the current technology valuation.

Looking at the long side, Fidelity's Timmer believes that although the price trend of the S&P 500 is highly consistent with the trajectory in 1999, the fundamental situation is "far healthier than 26 years ago" and there is no need to worry too much about bubble risks.

On the short side, the market value of the semiconductor sector has reached 14% of the total market value of the S&P 500, nearly twice the peak of the Internet bubble. Tesla Q2 quarterly report preview: Revenue is expected to grow rapidly, but analysts warn that the market may not buy it Tesla will announce its second-quarter results after the U.S.

stock market closes on Wednesday, and analysts are worried that the company's stock price will experience the biggest fluctuation in a year. The options market is currently suggesting that the stock could move 5.76% after the earnings report.

Analysts expect Tesla's second-quarter revenue to reach US$27.58 billion, a year-on-year increase of 22%; of which the automotive business revenue is expected to be US$20.05 billion, and the energy business will contribute US$3.77 billion. Full-year revenue in 2026 is expected to be US$105 billion. For Tesla, this forecast represents strong sales growth.

According to previously announced second-quarter vehicle delivery data, Tesla delivered 480,126 vehicles in the last quarter, a year-on-year increase of 25%, far exceeding analysts’ expectations of 406,000 vehicles. This is also the strongest growth Tesla has achieved since the third quarter of 2023.

Based on the published sales data, to some extent, analysts have digested the good news of Tesla's car sales rebound, and therefore have higher requirements for Tesla's second-quarter financial report.

Morgan Stanley and Barclays both noted that strong performance from Tesla's automotive business will improve its near-term earnings and help fund its artificial intelligence investments, but Robotaxi, Full Self-Driving (FSD) and Optimus remain the main factors driving its stock valuation.

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