Cerebras Systems Inc. Class A Common StockAnnouncements of expanded manufacturing and European AI data center capacity boosted stock 9.25%.
US stock futures are pointing slightly higher this morning, with S&P 500 contracts up about 0.2%, as investors weigh stubbornly high bond yields and softer signs from consumer borrowing. The US 10-year Treasury yield is holding near 4.6%, keeping talk of at least one more Federal Reserve rate hike alive, while US consumer credit in May slipped by about US$0.2 billion, hinting that households may be pulling back on new debt. Among top movers, Lumentum Holdings jumped 11.13% after CEO commentary highlighted business trends, Hewlett Packard Enterprise climbed 9.94% on plans to expand AI infrastructure, and Cerebras Systems gained 9.25% following announcements of expanded manufacturing and European AI data center capacity. On the downside, Costco Wholesale fell 4.21% after June sales details, Cincinnati Financial declined 3.38% following an analyst downgrade, and Alnylam Pharmaceuticals dropped 3.31%. Investors are also watching for Delta Air Lines' second-quarter results, the US June Monthly Budget Statement, India's June inflation rate, and Brazil's July business confidence reading.
Cerebras Systems Inc. Class A Common StockAnnouncements of expanded manufacturing and European AI data center capacity boosted stock 9.25%.
Hewlett Packard Enterprise CoClimbed 9.94% on plans to expand AI infrastructure.
Lumentum Holdings IncCEO commentary highlighted positive business trends, driving stock up 11.13%.
Cincinnati Financial CorporationFell 3.38% following an analyst downgrade.
Costco Wholesale CorpFell 4.21% after June sales details, suggesting weaker demand.
Alnylam Pharmaceuticals Inc
Delta Air Lines Inc