PREMARKET NEWS REPORT: All the market moving news from premarket 09/06 summarised in one short report.
Overview:
* Rejection after 3 attempts to reclaim the 21d EMA on QQQ and SPY yesterday.
* 7465 a significant resistance overhead.
* Gapping higher this morning, KOSPI back above 8k.
* Oil and the 2y Yields lower this morning.
* SMH back above 605, up another 1.8% this morning.
* CPI print tomorrow morning.
Mag7:
* Some Analyst feedback after AAPL WWDC yesterday:
* Barclays: AI features not enough to drive upgrade cycle
* UBS: AI announcements won't drive material iPhone demand
* Morgan Stanley: PT raised to $360 from $330
* AMZN - Barclays reiterates overweight on AMZN, Maintains Pt at 330. Analyst sees recent headlines on launch delays as near-term concerns, but believes the long-term bullish thesis for its connectivity business is intact.
OTHER COMPANY NEWS:
* GLXY - new partnership with Morgan Stanley, and additionally because CEO Novogratz confirmed the next tenant (another 830MW contracted) will be locked by the end of summer. He also said that this is going to be the biggest data center in the US.
* OpenAI has confidentially filed for an IPO with the SEC.
* ON - Wells Fargo adjusts PT to 140 from 115, maintains BUy.
* NUVL - Nuvalent agrees to acquire Nuvalent for $124 per share
* MU - UBS sees Micron reporting results well ahead of guidance, It keeps a Buy rating on Micron shares with a $1,625 price target.
* QNT - 10 QUANTINUUM INSIDERS PURCHASE COMBINED $24.7M IN SHARES: FILINGS
* CRWV - CoreWeave Explores Dollar and Euro Bond Sale Financing
* WYFI - Barclays initiates at equal weight, Pt 27. Analyst sees WhiteFiber as well-positioned for AI workloads, but notes near-term financial volatility and investment risks could delay profitability.
* UBER - Gugenheim reiterates Buy on Uber, maintains PT at 125. Analyst sees a compelling risk/reward with an increasingly apparent catalyst path in 2H from the World Cup, Delivery Hero deal, and AV rollouts.
* ASTS - AST SpaceMobile Schedules BlueBird 8-10 Launch for June 17
* ORCL - BofA maintains Buy on ORCL, raises PT to 240 ahead of earnings. Analyst raises Oracle PT to $240, citing robust cloud and database demand and increasing the valuation multiple ahead of 4Q26 earnings.
* FFIV - RBC Capital reiterates outperform on F5, raises Pt to 450 from 425. Analyst sees upward bias to revenue growth through FY/29, driven by a "refresh plus" cycle and early AI monetization opportunities.
* FCEL - Canaccord upgrades FCEL to Buy, more than doubles PT to 30. Analyst sees a landmark data center announcement within reach, representing a meaningful strategic and financial inflection point for the company.
* APLD - need ham reiterates Buy on APLD, raises PT to 83 from 66. Analyst highlights a new 210MW hyperscaler lease and expects a strong deal pipeline and future pricing improvements to drive growth.
* HOOD - Cantor reiterates overweight on HOOD, raises PT to 110 from 100. Analyst sees the Rothera JV driving significant upside by enabling Robinhood to better monetize prediction market volumes, a factor not yet priced in.
* NBIS - Nebius and NVIDIA Launch Physical AI Living Lab for Robotics Startups
* NOK - Nokia and Indosat Partner to Expand 𝟓𝐆 and AI Infrastructure in Indonesia
* Chinese Data center names: China Weighs $𝟐𝟗𝟓𝐁 Plan for Nationwide AI Data Center Buildout
* BABA - Alibaba in talks with central nuclear power SOE to explore small modular reactors for data-center power
OTHER NEWS:
* TRUMP ON IRAN: WE'RE NEGOTIATING NOW
* REUTERS POLL EXPECTS FED TO HOLD RATES AT 3.50%-3.75% JUNE MEETING
* REUTERS POLL SHOWS 72/102 ECONOMISTS SEE FED HOLD THROUGH 2026
* SpaceX’s IPO is reportedly well oversubscribed, with institutional orders expected to close Wednesday at 4pm ET, per Bloomberg. At $135/share, SpaceX would raise about $75B at a \~$1.8T valuation
* Taiwan is considering stricter AI chip export controls on China to align with U.S. rules, per Bloomberg. The move would restrict sales to all China customers, not just blacklisted firms like Huawei/SMIC, and make AI chip smuggling to China a criminal offense in Taiwan.
* BASF warned that the U.S.-Israeli conflict with Iran is increasing the risk of shortages of key materials such as sulfur and helium, potentially disrupting automotive production. CEO Markus Kamieth said rising inflation and supply-chain pressures could hurt the global economy in the second half of the year, as carmakers face growing challenges securing critical inputs.