US Stock Market Pregame Report: Crypto-related Stocks Surge Together, Hedge Fund Titans Bearish on Berkshire Hathaway

BlockBeats News, August 21st, according to Bitget's market data, before the Friday trading session, the three major futures rose together, with the Dow Jones futures up 0.56%, the Nasdaq 100 futures up 0.63%, and the S&P 500 futures up 0.43%.

According to BIT (bit.com) market data, most tech stocks surged before the market opened, with AMD, Tesla, Micron Technology, and Intel up over 1%, SpaceX, Nvidia, Meta, and Google A up nearly 1%.

Pre-market trading showed a general rise in crypto-related stocks, with Strive up over 7%, Strategy up nearly 7%, Circle, MARA Holdings up over 5%, Coinbase, Robinhood up nearly 5%, and Bitmine Immersion Technologies up over 3%.

On the news front, the following are the key pre-market headlines:

1. OpenAI announced that the first batch of Nvidia's Vera Rubin racks has been installed and is now running the company's training stack. OpenAI stated: "This is an important step in expanding our computing capabilities, which will support OpenAI's next-generation cutting-edge AI pre-training."

2. Samsung Electronics announced that it will return up to 110 trillion Korean won (approximately $79 billion) to shareholders by 2026, accounting for about half of its free cash flow, setting a record for the highest return in South Korean corporate history.

3. Musk announced that the next SpaceX test flight may be delayed until the end of the year.

4. Hedge fund Great Hill Capital's founder Tom Hayes recently expressed a pessimistic view on Berkshire Hathaway's future performance, believing that the conglomerate built by Buffett will struggle to outperform the S&P 500 Index in the next 10 years and stating outright that the era of its long-term excess returns has ended. He attributes his bearish view on Berkshire Hathaway to the "law of large numbers," Buffett eventually stepping back from the helm, and the capital allocation challenges posed by the company's immense size.

5. DeepSeek has launched a new multimodal model. This model is on par with DeepSeek-V4-Flash in text capabilities and covers areas such as agents, reasoning, and world knowledge.

6. A team of analysts led by Eric Woodrin at Goldman Sachs pointed out that, based on the latest Sensor Tower data, as of August 17th, App Store's net revenue for the month so far has decreased by 0.6% year-on-year; compared to June, the growth rate has dropped by 170 basis points.