US Stock Market Preview: Fed Minutes, Gold and Silver Stocks Rise, Berkshire Hathaway Report Impact.

US Stock Futures Rise Ahead of Market Open

As of Wednesday morning, all three major US stock index futures are up. The Dow futures increased by 0.17%, Nasdaq futures rose by 0.46%, and S&P 500 futures gained 0.33%.

Tech Stocks Performance

Prominent tech stocks are seeing gains before the market opens:

• NVIDIA (NVDA) and Amazon (AMZN) are up nearly 2%.
• Micron Technology (MU) and ASML (ASML) have risen over 1%.
• Tesla (TSLA) and Microsoft (MSFT) are up close to 1%.
• Advanced Micro Devices (AMD) is down nearly 2%.

Chinese Stocks on the Rise

Most Chinese stocks are also experiencing upward movement:

• Pinduoduo (PDD) is up nearly 2%.
• Alibaba (BABA) and Baidu (BIDU) have increased over 1%.
• NIO (NIO) is up close to 1%.
• Kingsoft Cloud (KC) is down nearly 1%.

Gold and Silver Stocks Surge

Gold and silver stocks are seeing significant gains:

• New Pacific Metals (NEWP) is up nearly 4%.
• Hycroft Mining (HYMC), First Majestic Silver (AG), and Coeur Mining (CDE) are up over 2%.
• Endeavour Silver (EXK) and Centerra Gold (CGAU) are up nearly 2%.

Storage and Space Stocks

Storage stocks are mostly rising:

• Western Digital (WDC) is up over 2%.
• Rambus (RMBS) is up over 1%.
• Micron Technology (MU) and Seagate Technology (STX) are up close to 1%.
• SanDisk (SNDK) is down over 2%.

Space stocks are also performing well:

• Redwire (RDW) is up nearly 3%.
• Destiny Tech100 (DXYZ) is up over 2%.
• Rocket Lab (RKLB), AST SpaceMobile (ASTS), Intuitive Machines (LUNR), and Planet Labs PBC (PL) are all up over 1%.

Upcoming Google I/O Developer Conference

The Google I/O developer conference is scheduled for May 19-20, where Google is expected to announce updates on its Gemini model and other AI products.

NVIDIA and Meta Partnership

NVIDIA and Meta have announced a long-term strategic partnership, with Meta set to deploy millions of NVIDIA chips.

SanDisk Stock Drop

SanDisk (SNDK) is down over 3% as its parent company, Western Digital (WDC), has applied to issue over $3 billion in shares.

Palo Alto Networks Earnings Report

Palo Alto Networks (PANW) reported a Q1 non-GAAP EPS of $1.03, exceeding expectations, but its Q2 outlook fell short, causing a pre-market drop of nearly 7%.

Quantum Corporation Surprises with Earnings

Quantum (QMCO) reported a Q3 loss of $0.36 per share, better than expected, leading to a pre-market rise of over 13%.

Berkshire Hathaway's New Investments

Berkshire Hathaway has disclosed a new investment of $350 million in The New York Times (NYT), surprising many as it continues to reduce its holdings in Apple (AAPL).

Notable Stock Movements

• Analog Devices (ADI) is up nearly 8% after reporting a 30% revenue increase.
• Berkshire Hathaway (BRK.B) has reduced its stake in Apple for the third consecutive quarter.

Investment Strategies

Investor Duan Yongping has significantly increased his position in NVIDIA while reducing his holdings in Apple, also adding three new tech stocks to his portfolio.

US Energy Secretary's Remarks

US Energy Secretary Granholm stated that the previous administration's interest in Greenland was primarily for national security rather than resource development.

Global Political Updates

Ukrainian President Zelensky criticized Trump's demands for unilateral concessions in peace talks, while reports suggest the Trump administration is closer to a large-scale conflict with Iran.

Japan's New Prime Minister

Kishida Fumio has been elected as Japan's new Prime Minister, with the IMF predicting two interest rate hikes by the Bank of Japan this year.