SpaceX Strong quarterly reports reignite market confidence in the prospects of artificial intelligence investment, driving up U.S. stock futures, with tech stocks leading the gains.

S&P 500 futures rose by 0.2%, and Nasdaq 100 futures rose by 0.7%. SpaceX saw a decline of about 9%, while AI experienced a year-over-year surge in revenue of 830% and for the first time became the largest source of income, with net profit exceeding expectations by 2.3 times, boosting market sentiment. At the same time, ultra-microcomputers ( Super Micro Computer ) released impressive preliminary quarterly reports, leading to a pre-market increase of about 15%, further reinforcing the market narrative of continued strong demand for AI.

However, positive sentiment has been somewhat dampened. Oil prices have risen again, with Brent crude approaching $110 per barrel, and ships near the Strait of Hormuz are under threat of attack, affecting supplies. At the same time, U.S. crude oil inventory data shows a decrease of 4.9 million barrels. Yields on U.S. Treasuries and the trend of the dollar have not changed significantly. Netflix ( Netflix ) fell about 6% before trading due to fourth-quarter revenue guidance and advertising revenue falling short of expectations, becoming a major drag on the market that day.

The Stephan Kemper of BNP Paribas Wealth Management Germany indicates that "investors are inherently bipolar in their emotions. The strong data and positive signals shown by SpaceX and ultra-microcomputers are precisely the remedy that the market needs at present."

S&P 500 futures rose by 0.2%, Nasdaq 100 futures rose by 0.7%. SpaceX futures fell by about 9%, ultra-microcomputers rose by about 15%, Netflix fell by about 6%. The euro declined by 0.1% to $1.1224; the yield on 10-year U.S. Treasury bonds remained relatively unchanged at 5.11%; the yield on 10-year German bonds also remained stable at 3.40%; Brent crude oil rose by 0.9% to $109.72 per barrel; spot gold fell by 0.1% to $4,120.68 per ounce.

SpaceX Quarterly Report Sparks AI Transactions

SpaceX reported revenue of $14.58 billion in the third quarter, a year-on-year increase of 161%. AI business revenue soared by 830% year-on-year, surpassing other businesses to become the company's largest single source of income for the first time, and net profit exceeded market expectations by 2.3 times.

According to Bloomberg, ING's Chief Investment Strategist Simon Wiersma stated: " SpaceX provides the answers that the market is looking for – the demand related to AI still truly exists. This not only boosts market confidence in SpaceX itself but also improves sentiment towards the entire AI ecosystem."

In addition, Elon Musk expressed his support for a potential merger between SpaceX and Tesla, further driving up the stock price of SpaceX.

Anthropic Billion Computing Power Plan to Boost Market Confidence Recovery

The unexpected performance of the SpaceX financial reports, combined with the reported plans by Anthropic PBC to invest up to $750 billion in infrastructure construction over the next few years, have jointly alleviated the market concerns arising from high valuations and financing pressures recently.

The Stephan Kemper of BNP Paribas Wealth Management Germany indicates that "investors are inherently bipolar in their emotions. The strong data and positive signals shown by SpaceX and ultra-microcomputers are precisely the remedy that the market needs at present."

This week, the season of technology company financial reports will continue. Meta Platforms and Tesla will release their financial reports after the market closes on Wednesday. The market is closely watching whether the investments in AI can continue to yield returns.

Ultra-microcomputer preliminary quarterly report exceeds expectations, Netflix guidance dampens sentiment

UltraMicro Computer releases preliminary results for its first fiscal quarter; revenue exceeded analysts' expectations by 27%, and the stock price jumped by about 15% before trading began, once again confirming the strong demand for AI computing infrastructure.

In contrast to the strong performance of the technology hardware sector, Netflix shares fell by about 6%. The company's revenue guidance and advertising revenue for the fourth quarter fell short of market expectations, dragging down the sentiment of the streaming media sector.

Divergent performance in European and Asian markets

In the European market, the Stoxx 600 index rose slightly, with gains in the energy and technology sectors being offset by declines in consumer-related sectors. The Stoxx 50 index opened up 0.3%, France's CAC CAC 40 index rose 0.1%, Germany's DAX DAX index remained virtually flat, while the UK's FTSE 100 index fell 0.1%. The yield premium of French 10-year government bonds over German 10-year government bonds widened to over 155 basis points.

In the Asian market, regional stock market benchmark indices generally rebounded, with the Korea Composite Stock Price Index (Kospi) performing particularly well. After experiencing one of the worst first-day performances in South Korean history, the South Korean Elice Inc stock index rebounded by 30% in a single day.