Pre-Market Highlights for U.S. Stocks: U.S. Treasury Expands Long-Term Bond Buyback Program, Cerebras Launches Rack-Mounted AI System CS-4

Odaily Planet Daily News – Before the U.S. stock market opens, investors should focus on the following key financial market news: 1. The U.S. Treasury announced an expansion of the long-term nominal bond buyback program. Boosted by this, yields on 10-year and 30-year U.S. Treasury bonds dropped significantly. 2. Futures for the three major U.S. stock indexes saw short-term gains. Dow Jones futures rose 0.52%, S&P 500 futures gained 0.41%, and Nasdaq 100 futures climbed 0.38%. 3. International oil prices experienced a short-term dip. WTI crude futures fell 0.05% to $84.017 per barrel, while Brent crude futures dropped 0.04% to $90.982 per barrel. 4. Spot prices for gold and silver surged sharply. Spot gold prices rose 1.94% to $4418.46 per ounce, and spot silver prices increased 2.65% to $64.98 per ounce. 5. The three major European stock indexes all advanced. The UK FTSE 100 index rose 0.18%, France's CAC40 index gained 0.29%, and Germany's DAX30 index climbed 0.16%. 6. Marvell Technology reached a partnership agreement with Google covering AI, storage, and networking chips. The company also issued warrants to Google, allowing the purchase of up to 59 million shares at an exercise price of $206.58 per share. 7. SK Hynix plans to repurchase and cancel 40 trillion Korean won (approximately $28.6 billion) worth of treasury shares. The buyback program will begin on August 20 and last about three months. S&P upgraded its rating to "A-" with a "positive" outlook. 8. Biotechnology company Moderna surged 100% pre-market, while Merck rose 7%. The news comes as their jointly developed melanoma skin cancer vaccine met its expected targets in a large-scale trial. 9. AI chip company Cerebras unveiled its new rack-mounted AI system, CS-4. The company claims the system can output tokens at a rate 30 times faster than traditional GPU servers in single-user scenarios. 10. AI computing power leasing company Nebius plans to issue $4.5 billion in convertible senior notes, with funds allocated for building data centers and developing AI cloud services. Nebius shares fell nearly 6% pre-market. 11. Morgan Stanley's latest forecast predicts that prices for mature DRAM like DDR4 will rise 50% in Q3 2026, followed by an additional 10% increase in Q4. 12. Goldman Sachs estimates that by 2035, the space economy will reach a scale of $1.8 trillion, with private capital replacing government funding as the largest growth driver for the industry.