US Stock Market Pregame Report: NVIDIA to Acquire Hugging Face, Google to Spin Off Legacy DDR4 to Alleviate Memory Bottleneck, Micron Explores Developing NAND Flash Close to GPU

BlockBeats News, September 3rd, a summary of important pre-market news in the US stock market:

1. The US initial jobless claims were slightly higher than expected, with 206,000 initial jobless claims recorded for the week ending August 29th, a new high since the week ending August 15th. Market expectations were 205,000.

2. Federal Reserve Governor Waller stated that the decision to raise interest rates in September will heavily depend on next week's August CPI. The market has reduced bets on a Fed rate hike, with the probability of a September rate hike currently at 60.4%.

3. NVIDIA has agreed to acquire the open-source AI platform Hugging Face for $12.93 billion, expanding global developer and institutional access to AI. The acquisition is expected to be completed in the first half of 2027.

4. To overcome the memory bottleneck, Google is concurrently developing software and hardware solutions, even disassembling retired servers to recycle recoverable DDR4 components, thus establishing an internal recycling supply chain.

5. The three major US stock index futures rose slightly in pre-market trading. Dow Jones futures were up 0.44%, S&P 500 futures were up 0.19%, and Nasdaq 100 futures were up 0.04%.

6. NVIDIA, together with the interconnection service provider Equinix and the open-source model inference platform Together AI, has launched distributed AI inference services, planning to go public in the first quarter of 2027. This service aims to reduce data latency and the cost of migrating closed models to open source.

7. Micron Technology is reportedly exploring solutions to develop high-durability NAND flash memory modules, researching how to bring NAND flash closer to the GPU to improve I/O speed, bandwidth, and read speed.

8. A senior vice president of TSMC stated that TSMC's demand for chip manufacturing tools has nearly doubled since the end of last year, with the quarterly equipment procurement estimate in July raised to approximately 1.9 times the forecast from December last year.

9. Broadcom has stated that its goal is to achieve 1.3 exaflops of computing power deployment for the Jalapeño chip jointly developed with OpenAI by 2027, with the prospect of future computing power scale exceeding 5 exaflops.

10. ChainFacts Consulting estimates that the price increase of Apple's new phones will be controlled between 10% and 20%. The first foldable screen iPhone Fold series is estimated to have a starting price ranging from $2,099 to $2,299.