July 14, key pre-market news in the U.S. stock market is as follows:



1. The U.S. June CPI year-over-year (not seasonally adjusted) came in at 3.5%, versus 3.8% expected. Traders have pushed back bets on further Fed rate hikes to October;
2. Federal Reserve Chair Wosh said the Fed has “zero tolerance” for persistently high inflation and is cautious about the AI boom;
3. IBM (IBM.N) was down more than 20% pre-market. The company’s preliminary revenue for its second fiscal quarter was $17.2 billion, versus $17.86 billion expected;
4. Goldman Sachs (GS.N) was up more than 2% pre-market. The firm’s second-quarter equities sales and trading revenue was $7.42 billion, versus $5.02 billion expected;
5. KeyBanc raised price targets for multiple AI chip stocks. Arm’s target was raised to $430, and Micron Technology (MU)’s target was raised to $1,750;
6. New York will temporarily ban the construction of large new data centers;
7. SK Hynix is accelerating mass production of NVIDIA’s HBM4;
8. NVIDIA has established a new customer “whitelist” in Asia. After the next round of review, the number of approved customers in Singapore, Malaysia, and Japan to buy AI chips is reduced by more than half;
9. Trump plans to strengthen control of the Strait of Hormuz, and U.S. strategic petroleum reserves have fallen to the lowest level since 1983. #PreIPOs第二期OpenAI认购
IBM-25.23%
GS9.13%
ARM-6.07%
MU4.86%
SKHY26.29%
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