U.S. pre-market news at a glance: AI stocks rebound, Goldman Sachs upgrades CoreWeave to Buy as a focal point, Musk announces plan to gift SpaceX shares to American children next year.

BlockBeats news, October 19 - BlockBeats news, October 19 - Key pre-market news for US stocks is as follows:

· The three major US stock index futures are mixed, with the AI sector rebound becoming the main theme. Dow futures are nearly flat or slightly lower, S&P 500 futures are up about 0.5%, and Nasdaq 100 futures are up about 1%. Last week, the Nasdaq fell more than 4% and the S&P fell nearly 2%, the largest weekly decline since late June, as investors continue to focus on AI investment returns and the debt and financing risks of data center companies.

· Goldman Sachs upgraded CoreWeave (CRWV) to "Buy" with a target price of $106 (lowered from before). The stock is up about 6% pre-market after having fallen 43% since August 11 and about 24% in the past five trading days. Goldman Sachs believes investors have overestimated future capital costs while underestimating potential improvement in investment returns, creating an attractive buying opportunity after the selloff. AI-related stocks such as Nvidia and Broadcom are also rising pre-market.

· JPMorgan upgraded Intel (INTC) to "Neutral," and the stock is up about 4% pre-market. Analysts believe that under CEO Lip-Bu Tan, the company has improved in the core computing market and next-generation manufacturing execution, and the risk-reward has become more balanced. The memory and semiconductor sectors are broadly rebounding pre-market.

· Musk announced that next year he will give one share of SpaceX stock to every child in America. Musk posted on X today: "Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many." The news drew market attention as SpaceX is set to release its third-quarter financial and operational results after the bell on October 20.

· Morgan Stanley strategist Michael Wilson said the three-month stock market pullback is in its late stages and investors should prepare to buy the dip. Historically, in similar situations, quality stocks have typically outperformed by about 7.5% over the following year. Wilson emphasized that this correction is more like a mid-cycle reset than the end of a cycle.

· International oil prices pulled back, while Brent crude remains at high levels. Pre-market Brent crude fell about 1.5%-1.8% to about $107-$108.5 per barrel, with WTI also declining. Trump exempted some sanctions and tariffs on Russia, and the market expects Russian oil and diesel supply may increase, while Hormuz shipping risks continue to support a price premium.

· This week enters a dense period of tech giant earnings, with the market set to test the returns on AI spending. SpaceX will release its third-quarter financial and operational results after the close on Tuesday, October 20, while Tesla and Meta will report after the close on the same day, Wednesday, October 21, and Netflix will also announce its results on Tuesday. Investors are focused on whether AI-related capital expenditures can translate into actual revenue and profit.

· U.S. Treasury yields have stabilized slightly, with the 10-year Treasury yield around 5.08%. The market currently widely expects the Federal Reserve to keep interest rates unchanged this month. Macro data this week are relatively light, with pricing relying more on corporate earnings and a recovery in risk appetite.