【US Pre-Market】US Stock Futures Rise as Fed Delivers Rate Hike; Generac Surges 33%, Nebius Jumps Over 9%

Optical communication stocks rose across the board in pre-market trading. Nokia rose over 4%, AXT (AXTI), Credo (CRDO), Lightwave Logic (LWLG), and Applied Optoelectronics (AAOI) rose over 3%, while Coherent (COHR), Marvell Technology (MRVL), and Corning (GLW) rose over 2%.

Memory chip stocks edged higher in pre-market trading. SK Hynix (SKHY) rose about 2%, while Western Digital (WDC), Seagate Technology (STX), SanDisk (SNDK), and Micron Technology (MU) rose over 1%.

Generac (GNRC) surged about 33% in pre-market trading. Amazon (AMZN) signed a long-term supply agreement with Generac to purchase backup generators to meet data center power demands, with total potential payments reaching up to $8 billion.

An investment entity under Amazon also received warrants to purchase up to approximately 1.6937 million common shares of Generac at an exercise price of $200.9266 per share. If fully exercised, the total subscription amount would be approximately $340 million.

Kaixin Auto (KXIN) skyrocketed over 94% in pre-market trading. The company's first-half revenue reached $667,000, up 602% from $95,000 in the same period last year; net loss narrowed from $8.41 million to $1.915 million, down about 77%. The substantial revenue growth was mainly driven by the auto sales business launched by its Hong Kong subsidiary, Jet Sound Hong Kong. As the company's revenue base remains low, investors should still pay attention to the sustainability of new business growth.

Fluence Energy (FLNC) plunged nearly 19% in pre-market trading. The company lowered its fiscal 2026 revenue guidance from $2.9 billion–$3.1 billion to approximately $2.4 billion, significantly below the market expectation of $2.96 billion; its expected adjusted EBITDA loss also widened from about $10 million to about $200 million. CEO Julian Nebreda stated that domestic and international demand remains strong and international supply chains remain normal, but ongoing delays in the capacity ramp-up at its Houston contract manufacturing facility were the main reason for lowering the outlook.

Nebius (NBIS) rose over 9% in pre-market trading. According to reports, the company raised prices for various on-demand computing resources starting October 1, with the most noticeable price increases seen in latest-generation Nvidia GPUs. Per-GPU-hour prices for H100, H200, and B200 will increase by about 17%, 20%, and 19% respectively, while the B300 price will rise by about 21%. The company will also increase rates for AMD EPYC Genoa processors and memory resources, reflecting strong demand for AI computing power and rising hardware costs.

Nokia (NOK) rose nearly 5% in pre-market trading. The company expanded its collaboration with Microsoft (MSFT) to integrate Nokia Data Suite with the Microsoft Fabric platform, helping telecom operators unify network data utilization and accelerate automation. Nokia's AI-RAN solution has been tested in live operator networks across North America, Europe, Asia-Pacific, and the Middle East, and its collaboration with Nvidia Aerial RAN technology further strengthens its positioning in AI infrastructure.

Wall Street is divided on the Fed's subsequent rate hike path. Citi expects the Federal Reserve to keep interest rates unchanged in October and December while awaiting more inflation and employment data, with a potential resumption of rate cuts in June 2027 if inflation continues to cool.

Goldman Sachs, meanwhile, adjusted its interest rate forecast, expecting the Fed to raise rates again in October. Macquarie took a more hawkish view, predicting that the Fed will still hike rates by a cumulative 50 basis points, with 25-basis-point increases in December this year and the first quarter of 2027, respectively.

Meta's Oversight Board calls for stronger governance of AI deepfake content. The Oversight Board of Meta (META) requested the company to remove AI deepfake content targeting women and a UK local politician, proposing nine policy adjustment recommendations.

The recommendations include automatically removing certain deepfake content, strengthening AI content labeling, reducing the recommendation weight and monetization capacity of high-risk content, and expanding the scope of the "involuntarily manipulated imagery" policy. Meanwhile, the Oversight Board believes Meta's existing safety measures are insufficient to address the risks posed by the increase in AI-generated content.

Samsung, Apple, and Google face patent investigations in the US. The U.S. International Trade Commission announced a patent infringement investigation into certain electronic devices using specific audio technologies, targeting Samsung Electronics, Apple (AAPL), and Alphabet's Google (GOOGL). The initiation of the investigation itself does not mean an infringement determination has been made. An administrative law judge will hold a hearing and make an initial determination, which will then be reviewed by the U.S. International Trade Commission before publishing a final decision.

CoreWeave issues $3 billion in convertible senior notes. CoreWeave (CRWV) announced plans to issue $3 billion in aggregate principal amount of convertible senior notes, sending its pre-market stock price from gains to losses. The market is evaluating the impact of this financing on the company's AI infrastructure expansion, debt burden, and potential equity dilution.

At 8:30 a.m. Eastern Time, the U.S. released its weekly initial jobless claims.

This content was translated using AI and reviewed for clarity. It is for informational purposes only.