Morning Market Setup
| S&P 500 futures7,768.00; +0.09% over 24 hours | Nasdaq 100 futures29,842.75; +0.05% over 24 hours |
| Dow futures53,944; -0.23% over 24 hours | WTI crudenear $84.07; about +1% |
| Brent crudenear $89.79; about +1% | U.S. 10-year yield4.668% |
| DXY99.837; -0.02% | Gold$4,473.0; +0.46% |
U.S. stock-index futures are mixed to modestly higher before the 8:30 AM ET July CPI release. AI infrastructure, optical networking, and memory stocks are the strongest growth pocket after Tuesday post-close earnings and a sharp rally in Korean chip shares, while energy rises with oil as Hormuz and Red Sea shipping risks remain active. The 10-year yield is 4.668%, DXY is nearly flat, and the current company tape is strongly two-sided.
Sector & Theme Watch
CoreWeave, Super Micro, and Lumentum rise after Tuesday post-close results, while related data-center, optics, and networking names trade higher. Why it matters: The group is testing whether AI spending is converting into revenue and whether financing structures can support the next buildout without weakening returns. What to watch: Watch cash-session follow-through in servers, optics, networking, and data-center operators, plus any pushback on capital intensity or margins.
Samsung Electronics and SK Hynix jump in South Korea, and U.S. memory and semiconductor names trade higher in premarket activity. Why it matters: The synchronized move points to firmer expectations for memory demand and pricing across AI servers, storage, and broader semiconductor supply chains. What to watch: Watch whether Micron, Sandisk, Intel, Nvidia, AMD, and Broadcom sustain the read-through after the opening bell.
WTI and Brent rise about 1% as Iran and Houthi-related shipping risks remain active around the Strait of Hormuz and Bab el-Mandeb. Why it matters: Persistent route risk can reprice producers, refiners, airlines, freight costs, and the inflation path even without a fresh supply outage. What to watch: Watch crude direction, tanker traffic, official security updates, and the split between producers and fuel-sensitive transport stocks.
U.S. futures are mixed to modestly higher before the 8:30 AM ET July CPI release, with the 10-year yield at 4.668% and DXY nearly flat. Why it matters: The inflation print can quickly reset rate expectations and valuation pressure across banks, housing, consumer stocks, and long-duration technology. What to watch: Watch headline and core CPI against consensus, then the first move in Treasury yields, DXY, Nasdaq futures, banks, homebuilders, and retailers.
Premarket Trading
| CRWVabout +18.3% | Tuesday post-close earnings are drawing Wednesday follow-through buying. |
| HRB+13.5% to +13.9% | Tuesday post-close results and a dividend increase are lifting shares. |
| CAVA+11.3% to +11.7% | Tuesday post-close results are driving a Wednesday rebound. |
| NRGV+11.4% to +11.8% | Tuesday post-close earnings are carrying into Wednesday premarket. |
| GLBE+9.9% to +11.4% | Shares are higher ahead of today's scheduled report; no official result was available at capture. |
| NBIS+8.7% to +9.3% | Shares are higher ahead of today's scheduled release and 8:00 AM ET call. |
| SMCIabout +9.0% | Tuesday post-close results are drawing follow-through buying. |
| SND+7.5% to +9.0% | Tuesday post-close earnings and an analyst-action flag are supporting shares. |
| LITE+7.7% to +8.0% | Tuesday post-close results are supporting the AI-optics group. |
| ATROhigher | Tuesday post-close earnings are followed by Wednesday buying; exact move has one source. |
| OWLThigher | Tuesday post-close earnings are followed by buying, but screens disagree on magnitude. |
| IRENhigher | AI-infrastructure read-through; no separate Wednesday company catalyst was verified. |
| COHRhigher | Optical-networking read-through before today's scheduled after-close report. |
| CIENhigher | Optical-networking peers are firmer after Lumentum's report. |
| MUhigher | Samsung and SK Hynix gains support the memory-demand read-through. |
| NVDAhigher | Monday's AI-financing initiative and current infrastructure strength remain in focus. |
| SPCXhigher | Recognizable current gainer; no new Wednesday catalyst was verified. |
| NCMIlower | Earnings-related decline; screens disagree on the exact magnitude. |
| GTXlower | Sharp current decline; company catalyst unresolved after direct searches. |
| UAMYabout -14.7% | Two live screens verify the decline; company catalyst remains unresolved. |
| SVVabout -12.0% | Wednesday reaction after Tuesday post-close earnings. |
| BORRlower | Earnings-related decline; screens disagree on the exact magnitude. |
| DCTHlower | Earnings and analyst-revision flags accompany the decline. |
| AEROlower | Current operating-company decline; catalyst unresolved. |
| BETAlower | Shares are weak ahead of today's scheduled report; no result was available at capture. |
| RYTMlower | Recognizable liquid decline; company catalyst unresolved. |
Stocks in Focus
Gapping up after its Q2 2026 earnings report, with revenue of $2.6 billion and adjusted earnings of -$1.14 per share beating estimates of $2.56 billion and -$1.20, respectively. Why it matters: The company hiked its FY 2026 outlook and now expects revenue between $12.4 billion and $13.2 billion for the year, compared to estimates of $12.63 billion. CoreWeave projected Q3 2026 revenue between $3.45 billion and $3.6 billion, beating estimates of $3.43 billion.
Sources: CoreWeave investor relations; WSJ results coverage; TradingView premarket screen; MarketBeat premarket screen
The company posted Q4 2026 revenue of $11.1 billion, falling short of the estimated $11.55 billion, though adjusted EPS grew by 315% year-over-year to a better-than-expected $1.70. Super Micro projected FY 2027 revenue between $65 billion and $72 billion, above estimates of $52.5 billion; its Q1 2027 revenue outlook of $14.5 billion-$15.5 billion similarly outpaced estimates of $11.68 billion. Why it matters: Gross margin expanded by 800 basis points year-over-year to 17.5%.
Sources: Super Micro results event; WSJ results coverage; TradingView premarket screen; MarketBeat premarket screen
Gapping up after its Q4 2026 earnings report, with revenue of $1.01 billion and adjusted EPS of $3.23 beating estimates of $988 million and $2.97, respectively. Lumentum projected Q1 2027 revenue between $1.23 billion and $1.28 billion, above estimates of $1.16 billion; its adjusted EPS outlook of $4.05-$4.35 also topped estimates of $3.61.
Sources: Lumentum reporting-date release; Barron's results coverage; TradingView premarket screen; MarketBeat premarket screen
Oracle and Quantinuum announced a multi-year partnership to bring Quantinuum’s Helios quantum computer to Oracle Cloud Infrastructure customers through OCI’s quantum service. The companies aim to combine quantum computing with Oracle’s GPU and high-performance computing infrastructure to develop hybrid quantum-AI solutions for demanding enterprise and research applications. Why it matters: Oracle is reportedly planning another round of layoffs this month, with some teams potentially facing double-digit percentage cuts as the company targets lower payroll by Sept. 1. The reductions come as Oracle continues a massive AI infrastructure buildout financed by tens of billions of dollars in debt, highlighting its push to control costs while funding AI expansion.
Sources: TradingView premarket screen; WSJ AI earnings setup
Trading higher premarket ahead of its Q2 2026 earnings report, set to be released before the bell on Wednesday, August 12. Analysts are looking for the company to post losses of -$0.67 per share and revenue of $545.12M.
Sources: Nebius financials; Nebius results-date announcement; TradingView premarket screen; MarketBeat premarket screen
Google signed a five-year Cloud and AI deal with Ryanair, covering Google Cloud, Workspace and Gemini Enterprise for its 35,000 employees. Ryanair will also use DeepMind’s AlphaEvolve and WeatherNext to optimize fleet operations, maintenance and crew logistics, expanding Google’s AI footprint in aviation. Why it matters: Google is set to host its Made For Google event at 6:00 PM ET on Wednesday, August 12, during which the company is expected to unveil its new Pixel phone.
Meta is heading to trial in California on Wednesday as a coalition of state attorneys general alleges Facebook and Instagram were deliberately designed to be addictive to children. Separately, a German advocacy group filed a criminal complaint against Meta and other companies over alleged privacy violations involving its AI glasses. Why it matters: The trial has the potential to expose Meta to major damages and sweeping platform changes.
Sources: TradingView premarket screen; AP Asian chip-market coverage
Meta is heading to trial in California on Wednesday as a coalition of state attorneys general alleges Facebook and Instagram were deliberately designed to be addictive to children. Separately, a German advocacy group filed a criminal complaint against Meta and other companies over alleged privacy violations involving its AI glasses. Why it matters: The trial has the potential to expose Meta to major damages and sweeping platform changes.
Gapping up after its Q2 2026 earnings report, with revenue of $365.4 million and earnings of $0.19 beating estimates of $361 million and $0.18, respectively. Same restaurant sales grew by 9% year-over-year. The company affirmed its FY 2026 outlook and continues to expect adjusted EBITDA between $181 million and $191 million for the year, compared to estimates of $188 million.
Sources: CAVA quarterly results; WSJ results coverage; TradingView premarket screen; MarketBeat premarket screen
T1 Energy says its 2.1 GW G2_Austin solar cell facility remains on track for first production in Q1 2027, with Phase 1 capex estimated at $510M including a 20% contingency. Equipment is already arriving in the U.S., while T1 continues to pursue a financing package with significant debt to fund the remaining Phase 1 costs amid tight Texas labor and materials markets.
According to Bloomberg, major Nvidia and Apple supplier Foxconn reported better-than-expected earnings, with revenue surging 54.2% YoY to $29.4B. Net income reached $1.9B, beating the $1.8B consensus estimate and highlighting strong demand across its AI and electronics businesses.