US Stock Market Premarket News: Musk Criticizes Silicon Valley AI Community; SpaceX Plans to Purchase $52 Billion Server Racks; Iranian Source Says Mediators Have Proposed 10-Day Ceasefire

BlockBeats News, July 20th, a summary of key pre-market news in the US stock market:

1. According to South Korean media, Samsung Electronics, SK Hynix, and Micron Technology have all scaled back or abandoned their commercialization plans for CXL interconnect controllers.

2. SpaceX (SPCX.O) plans to order approximately 13,000 Nvidia GB300 AI server racks from Foxconn, with the transaction size potentially reaching $52 billion.

3. AerCap Holdings is in talks to purchase up to 15 Boeing (BA.N) 787 Dreamliners, and the deal may be announced during the Farnborough International Airshow held this week.

4. Domino's Pizza (DPZ.O) reported Q2 revenue of $1.19 billion, surpassing the estimated $1.18 billion.

5. A senior Iranian official stated that mediators have proposed a 10-day ceasefire to explore a pathway to restore the Iran-U.S. interim agreement.

6. Houthi rebels have announced a naval blockade on Saudi Arabia starting Monday.

7. Musk criticizes the Silicon Valley AI community, claiming researchers are elevated as nobility while engineers are relegated to the lower echelons.

8. Strategy did not buy Bitcoin last week, instead selling 2.7323 million shares of MSTR stock to increase reserves by $225 million.

9. Bitmine increased its Ethereum holdings by 7,430 coins last week, while also repurchasing around 5.5 million common shares.