U.S. Stock Futures Hold Steady as Traders Eye Key Developments

As the stock market gears up for the day, U.S. stock futures remain largely unchanged amid anticipation of fresh updates from ongoing U.S.-China trade negotiations. Nasdaq futures dipped slightly after a positive session saw the tech index rise 0.3% on Monday—its highest point since February. Meanwhile, S&P 500 and Dow Jones futures are showing little movement. In crypto news, Bitcoin has surged above $109,000, while oil prices climb, and gold edges up.

Apple Drops the Ball on Siri's AI Enhancements

In a twist during its highly publicized Worldwide Developers Conference, Apple announced several AI-driven improvements for iOS 16 but revealed that enhancements for Siri will take longer to materialize. Although Apple showcased updates for its devices, investors are reacting cautiously, leading to a slight dip in premarket trading for Apple shares.

Meta's Zuckerberg Assembles Dream Team for AI Domination!

According to reports, Meta Platforms' CEO Mark Zuckerberg is on a mission to form a "superintelligence group" composed of 50 elite AI specialists to secure a lead in the race for artificial general intelligence (AGI). This bold initiative is partly fueled by his dissatisfaction with the progress of Meta’s latest AI model, Llama 4. Investors seem optimistic, nudging Meta shares up by nearly 1% in premarket trading.

TSMC's Stock Soars with Impressive Revenue Growth

Taiwan Semiconductor Manufacturing Co. (TSM) is enjoying a jump of nearly 2% in premarket trading, thanks to its May revenue report, which revealed a staggering 40% year-over-year increase. Demand for TSMC's AI chips remains robust, with May revenue hitting 320.52 billion New Taiwan dollars ($10.70 billion). This is a promising indicator, as the company reports a nearly 43% increase in revenue during the first five months of the year compared to last.

Microsoft's Winning Streak Ceases at Eight Days

Microsoft's stock, after an astonishing eight-day winning streak, is showing signs of a slight decline in premarket trading. Investors will be watching closely to see if this trend continues or if the tech giant can regroup.