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U.S. Futures Hold Steady Amid Global Trade Focus
U.S. stock futures are relatively unchanged as investors keep a close eye on the ongoing trade negotiations between the United States and China, currently taking place in London. The S&P 500 and Dow Jones Industrial Average futures are flat, while Nasdaq futures show a slight decline. Global market sentiment remains cautious ahead of any breakthrough from these high-level talks.
In the commodities market, oil prices are nudging higher, with Brent crude nearing $83 per barrel. Gold is also on the rise as investors seek safety. Meanwhile, the yield on the 10-year Treasury note is slightly lower, indicating continued demand for bonds. Bitcoin continues its impressive rally, now trading above $109,000—highlighting growing investor appetite for alternative assets.
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Apple Slides After AI Announcements at WWDC
Apple shares are slipping in premarket trading following the company’s announcements at its Worldwide Developers Conference (WWDC). While Apple introduced new generative AI features across its ecosystem—including smarter auto-replies, improved photo editing, and on-device intelligence—investors seemed underwhelmed.
One key disappointment was the limited update to Siri, which still lacks full integration with third-party apps. Although Apple promises deeper functionality later in the year, the initial rollout fell short of expectations for a true AI breakthrough. As a result, Apple stock is seeing a modest decline despite overall optimism in the tech sector.
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Meta Forms ‘Superintelligence’ Team to Pursue AGI
Meta Platforms is making headlines after CEO Mark Zuckerberg revealed a newly assembled team of about 50 AI scientists dedicated to developing artificial general intelligence (AGI)—technology that would allow AI systems to perform any intellectual task a human can.
The team, which will work under Meta’s AI research division, aims to position the company at the forefront of the AI race. However, the announcement follows criticism surrounding the capabilities of Meta’s latest language model, Llama 4, which some analysts say still lags behind competitors.
Despite the bold move, Meta shares are down slightly in early trading as investors weigh the long-term promise of AGI against near-term performance concerns.
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TSMC Surges on Strong Revenue Growth in May
Shares of Taiwan Semiconductor Manufacturing Company (TSMC) are up nearly 2% in premarket trading after the company reported a sharp increase in May revenue. TSMC posted a 30% year-over-year revenue jump, driven largely by continued high demand for AI chips used in data centers and advanced computing.
This strong performance reinforces TSMC’s role as a key supplier in the AI boom, supplying chips to major players like NVIDIA, Apple, and AMD. Analysts are optimistic about TSMC’s outlook as it continues to expand capacity and maintain its technological lead in the foundry space.
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Microsoft’s Rally May Take a Breather
After an eight-day winning streak, Microsoft shares are showing signs of cooling off in the premarket session. The stock has risen sharply in recent weeks due to growing enthusiasm over its AI strategy, including the integration of OpenAI’s technology into its Azure cloud platform and Microsoft 365 productivity suite.
While the company remains one of the top-performing megacaps this year—with shares up about 12%—today’s slight dip may reflect profit-taking or investor caution ahead of upcoming macroeconomic data. Still, analysts remain largely bullish on Microsoft’s long-term potential in enterprise AI services.
In Summary:
Investors are treading cautiously this morning, balancing excitement over AI developments with uncertainty around U.S.–China trade negotiations. While tech giants like Apple and Meta adjust to investor scrutiny, TSMC and Microsoft continue to shine amid the ongoing AI transformation. Meanwhile, the broader market waits for clear signals before making its next move.
