U.S. stock market pre-market highlights: Samsung's earnings "sell the news" triggers pre-market weakness in semiconductor stocks, SpaceX officially joins the Nasdaq 100 today.

BlockBeats News, July 7—Before the U.S. stock market opens, key market updates are as follows:

1. Samsung released its Q2 earnings forecast. The company’s operating profit is up more than 1800% year-over-year; in a single quarter, its profit exceeds the combined total of the previous three years. At the same time, the company’s revenue also grew 129% year-over-year to 171 trillion Korean won. Driven by a semiconductor sell-off triggered by Samsung’s “good news priced in,” chip-related technology stocks are generally weak ahead of the market open. The three major U.S. stock index futures showed mixed performance before the open: Dow futures rose 0.41%, Nasdaq 100 futures fell 0.9%, and S&P 500 futures fell 0.09%.

2. SpaceX officially logged on to the Nasdaq 100 today before the U.S. stock market opened, and Wall Street institutions are collectively bullish. Most institutions believe that SpaceX is no longer just a traditional aerospace company, but a platform-type company that simultaneously has rocket launch capabilities, Starlink satellite internet, AI infrastructure, and the potential for future space computing.

3. DeepSeek is secretly developing its own inference chips. If the self-developed inference chips succeed, they will reduce reliance on external suppliers and secure more cost-effective control over hardware. However, this project is still in its early stage and faces manufacturing and memory-access restrictions caused by U.S. export controls.

4. UBS recommends that investors buy SK Hynix’s upcoming American Depositary Receipts (ADRs) and sell its South Korean shares, because these new shares are expected to trade at higher prices.

5. JPMorgan strategists say that the recent weakness in semiconductor stocks should be viewed as an opportunity to add positions, as the chip upcycle has not yet approached its end, and truly meaningful incremental supply may not appear until 2028.

6. In the week ended June 20, the weekly change in ADP employment in the U.S. was 21,000, versus a prior value of 30.75 thousand.

7. BlackRock will launch an ETF tracking the Nasdaq 100 index, which is primarily composed of technology stocks, aiming to meet investors’ rising demand to participate in the AI-driven stock market rally and challenge Invesco’s dominant position.

8. Amazon is returning to the U.S. bond market to raise funds for building its artificial intelligence infrastructure. The company will issue 8 tranches of benchmark bonds with maturities ranging from 3 years to 40 years. This dollar bond issuance is expected to raise at least $25 billion.

9. Global brokerages have begun initiating coverage on SpaceX (SPCX.O) under Elon Musk’s umbrella. A preliminary consensus has formed on Wall Street: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have issued buy ratings, betting on its long-term growth prospects despite ongoing doubts about profitability and valuation.