A · Important
[Overview of U.S. stock market pre-market news: Micron increases investment in key minerals; Nvidia completes record-breaking 104-qubit fault-tolerant quantum computing simulation; Intel applies for exemption from foreign robot ban] On October 20, the financial news of the U.S. stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures collectively declined. Dow Jones futures fell 0.08%, S&P 500 futures fell 0.34%, and Nasdaq 100 futures fell 0.75%.
2. International oil prices both rose. WTI crude oil futures prices rose 1.53% to US$100.044/barrel; Brent crude oil futures prices rose 1.16% to US$110.820/barrel.
3. International gold and silver spot prices fell collectively. Spot gold prices fell 0.50% to US$4,119.80 per ounce; spot silver prices fell by 0.44% to US$56.83 per ounce.
4. The three major European stock indexes fell across the board. Britain's FTSE 100 index fell 0.77%, France's CAC40 index fell 0.88%, and Germany's DAX30 index fell 0.98%.
5. Micron Technology joins hands with Indium Corp. to invest in critical mineral processing in New York to strengthen the U.S. semiconductor supply chain ecosystem. The investment is part of a plan announced by Micron in July this year to invest up to $3 billion.
6. NVIDIA announced that it successfully simulated a 104-qubit fault-tolerant quantum computing system at the German Supercomputing Center. This technology is expected to reduce the number of physical qubits required to achieve fault-tolerant quantum computing by approximately 90%.
7. Nvidia is reported to have successfully won a CPU chip order from the AI startup Modal. Modal had previously relied entirely on chips from Intel and AMD.
8. Apple officially announced that it will release new products on October 28 and is expected to launch its first touch screen MacBook.
9. Intel applied for a conditional exemption from the U.S. Federal Communications Commission (FCC) to ensure the normal operation of its U.S. chip factory equipment.
10. Amazon announced plans to invest 16 billion euros in Germany in 2027, which will support satellite connectivity, logistics expansion and new Prime Video content through Amazon Leo.
11. Oracle announced a non-binding agreement with AstraZeneca to explore the use of AI and real-world data to identify patients eligible for clinical trials and accelerate the generation of medical evidence.
12. The yield premium of French 10-year government bonds relative to German government bonds exceeded 150 basis points, highlighting the challenges faced by the French government in controlling the fiscal deficit.
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