盘前：纳指期货涨0.76% 美光大涨13%

Market Overview - The US stock market saw a slight increase following optimistic earnings guidance from the largest memory chip manufacturer, which helped to curb previous sell-offs led by tech stocks [2][19] - As of the report, Dow futures rose by 0.12%, S&P 500 futures increased by 0.40%, and Nasdaq futures were up by 0.76% [3][19] - European stock markets generally rose, with the Stoxx 600 index up by 0.2%, while Asian markets declined [4][19] Company-Specific Developments - Micron Technology's stock surged by 13% in pre-market trading after the company provided revenue forecasts that exceeded market expectations [4][10][19] - Oracle's stock fell by 5.4% after announcing a stock transaction for a data center project that excluded a key partner, Blue Owl Capital, leading to a cumulative decline of 50% since mid-September [5][19][20] - Other notable stock movements included: - Trump Media & Technology Group up by 40% due to plans for a stock merger with TAE [25] - Lululemon up by 4.5% as activist investor Elliott reportedly holds over $1 billion in shares [26] - Coinbase up by 2.2% after announcing entry into prediction markets and stock trading [27] - Recursion, an AI healthcare stock, up by 3.8% following a rating upgrade from Morgan Stanley [29] Economic Indicators - Traders are awaiting US inflation data, with expectations for core inflation at 3%, although the impact on interest rate expectations may be less significant due to the Fed's current focus on the labor market [6][21] - Concerns about the reliability of inflation data have arisen due to government shutdowns affecting data collection [7][21] Analyst Insights - Analysts express concerns regarding Oracle's ability to sustain high valuations and aggressive capital expenditures amid fears of record AI spending [5][20] - IG analyst Tony Sycamore noted that Oracle's recent setbacks have deepened investor anxiety about its AI infrastructure expansion [20] - Steve Sosnick from Interactive Brokers predicts a decline in the S&P 500 to 6,500 points by the end of next year, citing historical trends related to presidential term cycles [23]