A · Important
[Overview of U.S. stock market pre-market news: Google launches Gemini smart body; GlobalFoundries and TSMC signed a US$2 billion silicon interposer agreement for advanced AI packaging; Fed Waller said further flexible interest rate hikes are still needed] On October 8, the financial news of the U.S. stock market that investors need to focus on is as follows:
1. Futures on the three major U.S. stock indexes fell moderately. Dow Jones futures fell 0.72%, S&P 500 futures fell 0.41%, and Nasdaq 100 futures fell 0.64%.
2. International oil prices have both surged. WTI crude oil futures prices rose 4.81% to US$92.525/barrel; Brent crude oil futures prices rose 4.83% to US$105.039/barrel.
3. International gold and silver spot prices were mixed. Spot gold prices rose 0.49% to US$4,130.91 per ounce; spot silver prices fell by 1.36% to US$58.96 per ounce.
4. The three major European stock indexes fell across the board. Britain's FTSE 100 index fell 0.10%, France's CAC40 index fell 0.46%, and Germany's DAX30 index fell 0.86%.
5. Google Cloud launches the Gemini agent, which is positioned as a general working agent and can run on the Gemini model or Claude model. Affected by this, Google rose by more than 1% before the market opened, and Meta fell by more than 1%.
6. Broadcom is arranging more than US$50 billion in financing for its project to develop customized AI chips in cooperation with OpenAI. Apollo Asset Management and Blackstone Group are among the lenders in talks to participate in the financing, people familiar with the matter said.
7. The stock price of Wolfspeed, the leading silicon carbide company in the U.S., surged more than 15% before the market opened after the company received a $1.5 billion conditional loan commitment from the U.S. Department of Defense.
8. Globalfoundries signed a US$2 billion silicon interposer agreement with TSMC for advanced AI packaging, with an initial term of 5 years.
9. TSMC’s sales in September were NT$511.86 billion, a month-on-month decrease of 0.6% and a year-on-year increase of 54.6%. TSMC’s revenue in the first three quarters of 2026 was NT$3,898.73 billion, a year-on-year increase of 41.1%.
10. Citigroup said it expects the CPU market size to reach US$300 billion in 2030, and has significantly raised AMD's target price from US$575 to US$800, maintaining a "buy" rating.
11. Investment bank DA Davidson significantly raised the target price of Micron Technology from US$2,100 to US$3,000, the highest on Wall Street, and reiterated a "buy" rating.
12. OpenAI fully launches GPT-6 for all free and paid ChatGPT users around the world, officially replacing GPT-5.6 SOL and GPT-5.6 LUNA.
13. Federal Reserve Governor Waller said that further interest rate increases are still needed, but there is "flexibility" in the pace of interest rate increases. The dot plot could reflect a rate hike in early 2027, followed by a rate cut later.
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