U.S. stocks movement: Gold stocks continue to decline pre-market as institutions sharply lower gold price expectations, triggering sell-offs

Spot gold has just surpassed the $4,120.00/oz mark, now quoted at $4,119.97/oz, down 0.49% on the day; the main COMEX gold futures contract is now at $4,146.60/oz, down 0.25% on the day.

AMD (AMD.US) CEO Lisa Su stated on Tuesday that the overall CPU market is expected to grow significantly by 2026. Although AMD has already increased both supply and production capacity, "demand still exceeds supply," and memory chip supply remains tight. The company will continue to expand its supply and expects to significantly increase deliveries in 2027. The production planning cycle between AMD and its supply chain partners has been extended from the previous one to two years, to now three to five years. Lisa Su mentioned that today she held positive discussions with partners such as Acer, Asus, Foxconn, and Quanta, and will meet with TSMC in the afternoon. Su also emphasized that artificial intelligence is beneficial to the world and will not harm humanity; collaboration among leading American AI companies is very important. She noted that there is still much work to be done on security innovation, and the "US Superintelligence Task Force" represents "an important step forward."

Berenberg has lowered Nike's (NKE.US) target price from $49 to $27.50.

Barclays has raised the target price of ASML Holding from 2,400 euros to 2,450 euros.