Top News Highlights
Before the market opened on Wednesday, U.S. stock index futures for the three major indices collectively declined after the release of February’s CPI data. As of the time of writing, Dow Jones futures were down 0.32%, Nasdaq futures fell 0.16%, and S&P 500 futures dropped 0.18%.
$Star Tech Stocks (LIST2518.US)$Most stocks rose in pre-market trading, $Oracle(ORCL.US)$ rose over 10%, $Tesla(TSLA.US)$ 、 Advanced Micro Devices (AMD.US) 、 $Meta Platforms(META.US)$ Slight increase.
$Popular Chinese Concept Stocks (LIST2517.US)$ Pre-market trading showed mixed results. Li Auto (LI.US) with some rising over 3%, $Nio(NIO.US)$ Dropped over 2%, Baidu (BIDU.US) declining nearly 1%.
Foreign media reported that the IEA plans to propose the release of up to 400 million barrels of crude oil. Japan and Germany also stated they would release strategic petroleum reserves, narrowing the increase in international oil prices. $WTI Crude Oil Futures Main Contract (2604)(CLmain.US)$ Currently up more than 2%, trading at $85.40 per barrel; $Brent Crude Oil (Cash) Futures Main Contract (2605)(BZmain.US)$ Up approximately 2%, trading at $89.66 per barrel.
Individual Stock News
$Oracle(ORCL.US)$ The stock initially surged more than 11% in pre-market trading and is currently up over 10%. The company’s better-than-expected Q3 financial results alleviated two major market concerns: debt pressures and the so-called ‘SaaS apocalypse.’ Revenue from AI infrastructure surged 243%, and the company signed $29 billion in new contracts through customer prepayments and a ‘bring-your-own-hardware’ model, decoupling capital expenditure for AI infrastructure expansion from its own cash flow consumption, thus easing market concerns about its debt. Meanwhile, executives firmly refuted the notion that AI will render traditional software obsolete, stating that Oracle is the ‘disruptor.’
-
NVIDIA-related holdings $NEBIUS(NBIS.US)$ Surged in pre-market trading, currently up more than 8%, $NVIDIA(NVDA.US)$ Partnering with NEBIUS to expand full-stack artificial intelligence cloud capabilities, NVIDIA announced it will invest $2 billion.
-
Uber Technologies (UBER.US) Surged in pre-market trading, currently up more than 3%. The company reached an agreement with Amazon’s Zoox to provide robotaxi services.
$Amazon(AMZN.US)$ Launched its inaugural euro bond issuance on March 11. The transaction comprises seven fixed-rate notes with maturities ranging from 2 to 38 years, along with a 2-year floating-rate note, totaling eight tranches, with pricing expected to be finalized today. JPMorgan serves as the global coordinator, while Barclays, BofA Securities, and Societe Generale act as joint bookrunners. This issuance follows its $37 billion U.S. dollar bond offering, bringing the combined total financing to nearly $50 billion.
-
Tesla’s Shanghai Gigafactory delivered 58,600 units in February, representing a 91% year-over-year increase.
$Tesla(TSLA.US)$ According to the latest statistical data released by China, Tesla’s Shanghai Gigafactory delivered 58,600 units in February 2026, marking a significant 91% growth compared to the same period in 2025. The Model Y was the top-selling passenger vehicle in domestic wholesale sales for February.
On March 10, $NVIDIA(NVDA.US)$ CEO Jensen Huang, in a rare personally authored article, systematically outlined the development logic of the AI industry. He described AI not merely as models or applications but as infrastructure akin to electricity and the internet. He proposed that the AI industry is a ‘five-layer cake’ infrastructure encompassing energy, chips, infrastructure, models, and applications. He further assessed that the construction of global AI infrastructure remains in its early stages, with current investments amounting to only hundreds of billions of dollars, whereas trillions more will be required in the future.
-
Meta has acquired Moltbook, the ‘Lobster Community,’ as Zuckerberg aims to ‘smash’ a path toward Agent development.
$Meta Platforms(META.US)$ Announced the acquisition of Moltbook, which will be integrated into Meta’s Super Intelligence Lab, with its co-founders joining the team. Meta values its ‘resident directory’ model, which provides a persistent online registration and invocation system for AI agents to enhance their interoperability. Moltbook is a Reddit-like social network whose core functionalities rely on the open-source project OpenClaw.
$Nio(NIO.US)$ Shares fell over 2% in pre-market trading after closing 15% higher in the previous session. JPMorgan stated that Nio’s 2026 sales guidance significantly exceeded expectations, with management targeting growth of 40%-50% to approximately 496,000 units, surpassing the forecast of 433,000 units. The company also maintained its full-year Non-GAAP profitability target. The Loda L80 SUV is expected to become a ‘killer’ volume-driving model, alongside the Loda L90 and Nio ES9 SUV, forming the core pillars of 2026 sales. JPMorgan maintained an overweight rating on Nio’s U.S.-listed shares with a price target of $7.
Li Auto (LI.US) Shares rose over 4% in pre-market trading amid reports that CEO Li Xiang is considering repurchasing some of Li Auto’s Hong Kong-listed shares. The repurchase ratio and total amount are still under discussion. Additionally, Li Auto will announce its latest quarterly earnings tomorrow. Li Auto is scheduled to release its financial report before the market opens on March 12, Eastern Time. Guosheng Securities believes that Q4 will be a critical turning point for Li Auto’s performance. Despite year-over-year declines in deliveries and revenue, gross margin is expected to range between 16% and 18%, slightly improved from Q3’s 16.3%. The firm is optimistic about the company’s sales and profit recovery from 2025 to 2027, projecting annual increases in both GAAP and non-GAAP net profit margins attributable to shareholders.
$AeroVironment (AVAV.US)$ The company’s shares fell more than 9% in pre-market trading. Its Q3 revenue for the 2026 fiscal year was $408 million, representing a year-over-year increase of 143%. The net loss amounted to $156.6 million, or $3.15 per diluted share, compared to a net loss of $1.8 million, or $0.06 per diluted share, in the same period of the previous fiscal year. The company currently expects its 2026 fiscal year revenue to range between $1.85 billion and $1.95 billion, with a net loss projected between $218 million and $201 million. The non-GAAP adjusted EBITDA is anticipated to be between $265 million and $285 million, while the diluted loss per share is expected to fall between $4.44 and $4.10.
Following consecutive declines, Nike (NKE.US) rebounded over 2% in pre-market trading. According to reports, Barclays upgraded Nike’s rating from Equal Weight to Overweight, raising the target price from $64 to $73. Additionally, Nike signed a 364-day unsecured revolving credit agreement, initially providing a loan facility of up to $1 billion, which can be increased to a maximum of $1.5 billion.
According to a report by the Financial Times, $JPMorgan(JPM.US)$ JPMorgan has notified private credit institutions of a downgrade in the valuation of certain loan portfolios used as collateral for borrowing, with the affected loans concentrated in software companies. This move will directly limit the scale of future financing JPMorgan provides to private credit funds using these loans as collateral. Concerns about AI disrupting the software industry are spreading from public markets to private equity, while other major banks have yet to follow suit. A valuation reset storm may be quietly approaching.
Following the announcement of capacity upgrades at its Suzhou plant in 2024, $Eli Lilly and Co(LLY.US)$ Eli Lilly and Co has further invested in production capacity in Beijing. On March 11, Eli Lilly announced a plan to invest a cumulative $3 billion over the next decade to comprehensively expand its supply chain capacity in China, establishing a localized production and supply system for oral solid formulations. The investment focuses on building production capabilities for the next-generation oral small-molecule GLP-1 receptor agonist orforglipron.
Eastern Time on Tuesday, Applied Materials (AMAT.US) The company stated that it has reached a collaboration with memory chip companies Micron Technology and SK Hynix to jointly develop next-generation AI memory chips. Applied Materials announced that Micron and SK Hynix will serve as founding partners of its research center, working together on chips developed at the ‘Equipment and Process Innovation and Commercialization’ (EPIC) center. Applied Materials noted that its EPIC center represents a $5 billion investment plan for semiconductor equipment research and development, with capital expenditures expected to gradually increase to this amount as customer projects progress.
Global Macro
On March 11, according to The Wall Street Journal citing informed officials, the International Energy Agency (IEA) is proposing to release emergency oil reserves on a scale unprecedented in the agency’s history, with a related decision potentially announced later on Wednesday. Sources indicated that the IEA recommended releasing approximately 300 to 400 million barrels of oil reserves. The proposed release would exceed the 182 million barrels released by IEA member countries following the outbreak of the Russia-Ukraine conflict in 2022.
According to Bloomberg, G7 energy ministers stated in a Wednesday declaration that they would closely collaborate with the IEA and support ‘taking active measures to address this situation, including utilizing strategic reserves.’ Meanwhile, France, the current G7 rotating chair, President Emmanuel Macron will convene a virtual summit of G7 leaders at 22:00 Beijing time on Wednesday, focusing on the Iran crisis and the sharp rise in energy prices. The discussion during this virtual meeting will primarily center on the ‘energy situation’ and issues related to the Strait of Hormuz, with an explicit statement that “I doubt this will be merely verbal intervention.” If G7 leaders announce substantive measures after the meeting, tonight could become a trigger for significant volatility in oil prices for the third consecutive trading day.
Japanese Prime Minister Sanae Takachi stated that Japan will independently release strategic petroleum reserves to address the impact of the Middle East war. In a speech broadcast by NHK on Wednesday, Takachi mentioned that the release could begin as early as March 16, involving private sector oil reserves equivalent to 15 days and one month’s worth of national oil reserves. Additionally, Germany’s economy minister also stated that Germany will release 2.4 million tons of national oil reserves, with specific details yet to be finalized.
A spokesperson for Iran’s Khatam al-Anbiya Central Command issued a stern warning today (March 11), stating that Iran is fully capable of blocking the Strait of Hormuz. The spokesperson explicitly stated: “We will not allow even a drop of oil to pass through the Strait of Hormuz if it benefits the United States and its allies.” He also pointed out that attempts by Western countries to lower global oil and energy prices through external interventions are doomed to fail. Furthermore, he emphasized that any vessels belonging to the United States, Israel, or their partners, or carrying their oil cargo, are considered ‘legitimate targets’ for Iran’s armed forces.
The U.S. Department of Labor reported on Wednesday that the consumer price index rose 2.4% in February compared to the same period last year. This figure was unchanged from January and met the expectations of surveyed economists. Core prices, which exclude volatile food and energy items, increased by 2.5% year-over-year, also in line with forecasts. However, since the outbreak of the conflict with Iran, U.S. benchmark crude oil futures have fluctuated significantly, with an average trading price of around $82 per barrel so far this month, compared to approximately $65 per barrel in February. As a result, inflation data for March may show stronger growth. Joseph Brusuelas, chief economist at RSM, estimated that, based on a rule of thumb, every $10 increase per barrel in oil prices would raise the Labor Department’s inflation reading by about 0.2 percentage points. Although there are slight differences in calculations among economists, most agree that rising oil prices will boost inflation in March. Economists also believe that due to missing housing cost growth data for October caused by last year’s government shutdown, the current year-over-year inflation readings are artificially suppressed. However, this downward bias is expected to disappear in the April inflation report, at which point the measured inflation rate will rebound accordingly.
-
Including the release of strategic oil reserves, the United States has ‘six other major measures,’ but if the Strait of Hormuz remains blocked, ‘all impacts will be limited.’
The conflict between the US and Iran has triggered a surge in oil prices, with the IEA planning to release the largest-ever scale of strategic reserves, while the G7 holds emergency consultations. However, JPMorgan bluntly stated that all six policy tools—releasing reserves, restricting exports, exempting fuel taxes, among others—are merely ‘a drop in the bucket.’ The potential daily disruption through the Strait of Hormuz could reach 12 million barrels, far exceeding the coverage capacity of any policy. The true turning point for oil prices will only come when the US Navy officially declares safe passage through the Strait of Hormuz.
Morgan Stanley’s Chief Investment Officer, Mike Wilson, forecasts that $S&P 500 Index(.SPX.US)$ there may be a short-term decline of 5%-7%, but later this year, the bull market in US stocks will return. He cited four reasons for being bullish on US equities, including stabilization of the conflict, broader corporate earnings growth, US energy independence, and tax incentives.
The 40th annual Forbes World’s Billionaires list is out: A record-breaking 3,428 individuals made the cut, with total wealth surpassing $20.1 trillion. Musk retains the top position with $839 billion, becoming the first individual to break the $800 trillion threshold, and is on track to become the world’s first trillionaire. ByteDance founder Zhang Yiming, with a net worth of $69.3 billion, ranks as China’s richest person, placing 26th globally. The AI boom has fueled rapid wealth creation, with more than one new billionaire emerging globally every day on average.
Top 20 pre-market trading volume stocks in the U.S.
U.S. Stock Macro Calendar Reminder
(The following times are in Beijing Time)
20:30 US February Unadjusted CPI Year-over-Year, US February Unadjusted Core CPI Year-over-Year
21:30 Federal Reserve Chair Bowman delivers remarks on regulatory issues.
22:30 US EIA Crude Oil Inventory (in million barrels) for the week ending March 6.
After-hours trading in the US stock market and、$UiPath (PATH.US)$Earnings report to be released.
Looking to pick stocks or analyze them? Want to know the opportunities and risks in your portfolio? For all your investment-related questions,just ask Futubull AI!
Editor/KOKO
