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[Pre-market analysis of U.S. stocks] Technology stocks push Nasdaq to a new high (2025.08.08)

Technology stocks pushed Nasdaq to a new high, and TSMC's revenue surged due to AI demand. U.S. tariff measures took effect, but the market reaction was calm and investors focused on the performance of technology stocks.

U.S. stocks 'pre-market futures index rose, as technology stocks pushed the Nasdaq index to a new high.

Nasdaq futures rose 0.3%, driven by a strong performance of technology stocks in the previous session. S & P 500 futures and Dow Jones Industrial Index futures also rose respectively, reflecting the market's optimism about technology stocks. Although U.S. tariff measures on many countries have taken effect, the market does not seem to be significantly affected, and investors continue to pay attention to the performance of technology stocks.

TSMC's revenue surged in July driven by demand for AI chips

Due to strong demand for AI chips, TSMC's (2330) revenue in July increased by 22.5% from the previous month to reach NT$323.17 billion. As of July this year, TSMC's revenue reached NT$2.1 trillion, an increase of 37.6% over the same period last year. TSMC is expected to avoid higher chip tariffs by setting up a factory in the United States, which also prompted its share price to rise more than 4% in the previous trading day.

Firefly Aerospace shares fall back, post-IPO boom cools

Shares of space technology company Firefly Aerospace surged 34% to $60 a share after its initial public offering. However, shares fell nearly 10% in pre-market trading. The company plans to use approximately $868 million in proceeds from the fundraising to repay debt. Firefly is the first commercial company to successfully use the Blue Ghost lander for soft landing on the moon.

Intel CEO wins board support, Trump calls for his resignation

Intel (INTC) CEO Chen Liwu said that despite President Trump's call for him to resign, he still received the support of the board. Trump accused Chen Liwu of having a conflict of interest in his position, causing Intel's share price to fall 3% in the previous trading day. Intel's share price is currently up about 1% in pre-market trading.

Expedia's results exceed expectations, share price rises

Travel reservation service company Expedia(EXPE) shares surged 16% in pre-market trading after reporting second-quarter results. The company's quarterly revenue increased by 6% year-on-year, adjusted net profit increased by 16%, and bookings increased by 5% year-on-year. Expedia also raised its full-year booking outlook for 2025, with an expected growth of 3% to 5%.

US tariff measures take effect, market reaction is calm

President Trump's "reciprocal tariffs" policy came into effect on Thursday, imposing a benchmark 10% tariff on goods exported to the United States from many countries. However, the market responded calmly to this news and did not show significant fluctuations. Despite this, the market will still closely monitor the progress of future trade negotiations to assess the long-term impact of tariff policies.

Global market dynamics, Asian stock markets led the gains

Before the opening of U.S. stocks, Asian stock markets performed strongly, with Japan's TSE Index breaking through the 3000 mark for the first time, driving regional markets to rise. In European stock markets, the Stoxx 600 index rose 0.9%, driven mainly by positive corporate earnings. In the raw materials market, gold futures prices hit a new high, and oil prices also showed an upward trend, indicating that the market demand for safe-haven assets has increased.

To sum up, although the U.S. tariff policy came into effect, the overall market sentiment remained optimistic, and the strong performance of technology stocks became the main driving force for the U.S. stocks to rise. Investors need to continue to pay attention to upcoming economic data and corporate financial reports in order to grasp market trends and investment opportunities.

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