Pre-market US Stocks | GME doubles at one point! Meme stocks and cryptocurrency concept stocks continue to soar

U.S. Stock News

1. NVIDIA detailed its plans for Blackwell Ultra and subsequent chips. Jensen Huang stated that NVIDIA plans to upgrade its AI accelerator/AI chip every year, with Blackwell Ultra set to be released in 2025, and the next-generation platform named Rubin (Rubin Ultra to be released in 2027) currently in development for 2026. The Rubin AI platform will utilize HBM4 memory chips.

2. AMD's Chairman and CEO Lisa Su unveiled a new cloud AI accelerator chip roadmap at the Computex 2024 exhibition, with the upcoming launch of the new Instinct MI325X this year. The MI325X will be 1.3 times faster than the H200 and will also introduce a new AI PC chip.

3. Tech journalist Mark Gurman revealed that Apple has no plans to announce any new hardware during the WWDC 2024 keynote on June 10th. Previous reports had suggested that Apple planned to release a new Apple TV in the first half of 2024.

4. Microsoft is investing $3.2 billion in Sweden to build a cloud computing and artificial intelligence center.

Pre-Market Movers

In pre-market trading, U.S. stock index futures are mixed, with the fear index declining.

Bitcoin is currently trading at $69,106, up over 2% in the last 24 hours; Ethereum is trading at $3,816, up nearly 1% in the last 24 hours.

Meme stocks and cryptocurrency-related stocks are surging, while tech stocks and Chinese concept stocks are generally rising.

GameStop (GME) surged by 72% in pre-market trading, AMC Entertainment (AMC) rose by 26%, Crown ElectroKinetics (CRKN) increased by over 20%, and Faraday Future Intelligent Electric (FFIE) rose by 18%.

Microstrategy (MSTR) rose by over 4%, Coinbase (COIN) and Marathon Digital (MARA) increased by over 2%.

NVIDIA rose by nearly 3%, AMD rose by over 1%, while Tesla, Meta Platforms, Apple, Microsoft, Amazon, and Alphabet all saw gains.

Li Auto surged by over 5%, Bilibili and NIO rose by over 3%, JD.com, XPeng, and NetEase increased by over 1%, while Alibaba, Pinduoduo, and Baidu also saw gains.

In individual stock movements, MingZhu Logistics surged by 71% after agreeing to acquire Oxylus Global.

GlaxoSmithKline (GSK) fell by nearly 9% following litigation alleging that the heartburn drug Zantac may cause cancer.

Strategy Review

1. Is it time to switch? NVIDIA vs. Dow Jones!

NVIDIA's stock price is diverging from the overall market, potentially signaling the end of the era where "one stock represents one market." Against the backdrop of the fading AI trading frenzy, investors may consider shifting their focus to Dow Jones component stocks that were previously overlooked by the market.

2. "Wall Street Oracle": Can U.S. stocks still rise? Investors should stick to effective strategies

"Investors have been hesitating all year. I think we've experienced some short-term pullbacks, but for investors, it's best to stick to effective strategies."

3. After three years, the "Roaring Kitty" is back with a post! Will GME take off tonight? The king of retail investors, Keith Gill (username DeepF—Value on Reddit), posted a screenshot on June 2nd, showing that he purchased 5 million shares of stock at a price of $21.27 per share. This is the first post from this account in three years. The screenshot also shows that he holds 120,000 call options worth $657 million, which will expire on June 21st, allowing him to purchase shares at $20 per share. This information has not been verified