---
title: "U.S. Stock Market Outlook | Three major stock index futures all decline, Microsoft Build 2026 Developer Conference is about to be held, Marvell Tech surges in pre-market trading"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288428865.md"
description: "On June 2nd, before the US stock market opened, the three major stock index futures all fell. The Microsoft Build 2026 conference is about to be held, and Marvell Tech surged before the market. SK Hynix expects the storage shortage to continue until 2030 and plans to double its capacity within five years. Iran has suspended dialogue with the US and threatened to block the Strait of Hormuz, while Trump claims an agreement will be reached within a week. HSBC warns that commodities face the risk of \"super squeeze.\""
datetime: "2026-06-02T13:00:56.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288428865.md)
  - [en](https://longbridge.com/en/news/288428865.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288428865.md)
---

# U.S. Stock Market Outlook | Three major stock index futures all decline, Microsoft Build 2026 Developer Conference is about to be held, Marvell Tech surges in pre-market trading

## Pre-Market Market Trends

1.  As of June 2 (Tuesday), U.S. stock index futures are all down before the market opens. As of the time of writing, Dow futures are down 0.48%, S&P 500 futures are down 0.15%, and Nasdaq futures are down 0.05%.

![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260602/1780404574903022.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

1.  As of the time of writing, the German DAX index is up 0.69%, the UK FTSE 100 index is up 0.12%, the French CAC 40 index is up 0.56%, and the Euro Stoxx 50 index is up 0.95%.

![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260602/1780404501378249.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

1.  As of the time of writing, WTI crude oil is down 1.02%, priced at $91.22 per barrel. Brent crude oil is down 0.95%, priced at $94.08 per barrel.

![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260602/1780404464892248.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

## Market News

**SK Hynix predicts that the storage supply shortage will continue until 2030, aiming to double production capacity in five years.** SK Hynix, the global storage chip giant with the highest market share in the HBM field, plans to double its wafer production capacity for storage chips in the next five years to meet the soaring demand for storage chips driven by the construction boom of artificial intelligence data centers. SK Group Chairman Choi Tae-won stated at the 2026 Computex conference in Taipei that the storage manufacturer is addressing a severe shortage of storage chips that may last until 2030. Although SK Hynix intends to significantly increase investment to expand HBM/DRAM/NAND storage chip capacity, Choi did not disclose how much the company plans to spend.

**Iran suspends dialogue with the U.S., Trump claims an agreement will be reached "within a week."** According to reports, Iranian media stated on the 1st that due to Israel's ongoing military operations in Lebanon and other areas, the Iranian negotiation team has suspended dialogue with the U.S. and plans to completely block the Strait of Hormuz. U.S. President Trump stated that he believes an agreement will be reached with Iran "within a week" to extend the ceasefire and reopen the Strait of Hormuz.

**HSBC warns: Commodities are in a "super squeeze," and continued closure of the Strait of Hormuz could trigger a "critical point."** HSBC Holdings believes that the commodities market is in a state of "super squeeze," and if the Strait of Hormuz remains effectively closed, inventories will be further depleted, and the market is likely to reach a "critical point" for certain commodities. Notably, HSBC strictly distinguishes the current trend from historical "super cycles" in commodities. The analyst team, including Paul Bloxham, clearly states that the current overall commodity cycle is still in the so-called "super bull market" phase, but "this is fundamentally different from the early 'super cycle' because the core driving force behind this round of price increases comes from supply shocks "Rather than a systemic explosion of demand."

**$2.5 million sell-off breaks the $10 billion faith: Strategy's "never sell" myth ends, Bitcoin falls below $70,000 for the first time in two months!** Concerns over the US-Iran war and Strategy's rare sale of Bitcoin have dampened fragile market sentiment, causing the token to drop below $70,000 for the first time in nearly two months. As of the time of writing, Bitcoin has fallen to around $69,200. Digital currencies are generally down, with Ethereum, Solana, and other tokens also experiencing declines.

**OPEC+ analyst meeting assessment: Even if the Strait of Hormuz quickly resumes navigation, crude oil supply disruptions will continue until the end of the year.** Oil industry experts told OPEC+ that even if the Strait of Hormuz quickly resumes navigation, the crude oil supply disruption caused by the blockade will continue until the end of this year. According to two unnamed attendees, multiple consulting firms and analysts gathered at OPEC's Vienna headquarters for a technical seminar on Monday. These experts warned that it would take months for oil production to return to pre-war levels. On Tuesday, OPEC will hold a meeting of its economic committee, composed of a group of technical experts who analyze market conditions on behalf of the ministers. The ministers will hold an online meeting on June 7.

## Individual Stock News

**Teaming up with NVIDIA to "reinvent the PC"! Microsoft (MSFT.US) Build conference kicks off today: AI on the Windows side shines, high-end PC landscape shaken.** Microsoft will hold the Build 2026 developer conference in Mason, San Francisco, from June 2 to 3. Based on the agenda released, official blogs, NVIDIA's latest technology releases, and early leaks from several tech media, the core focus of this Build conference is already very clear: Microsoft will launch a deep layout on the future computing paradigm around four pillars: "agent AI," "self-developed large models," "edge computing implementation," and "developer experience reshaping."

**Is the next "trillion-dollar tech king" here? Jensen Huang personally endorses "standing in the light" Marvell (MRVL.US) as it strengthens the AI interconnect mainline.** Focusing on customized AI chips (i.e., AI ASIC) for large AI data centers and optical interconnect technology, Marvell Technology, one of the largest partners of Amazon AWS's Trainium series AI ASIC, saw its stock price soar nearly 30% in pre-market trading on Tuesday. The core logic undoubtedly lies in NVIDIA CEO Jensen Huang's remarks during a discussion with Marvell Technology at the Computex conference in Taipei, stating that Marvell has the potential to become the next publicly traded company with a market value exceeding $1 trillion and plays a crucial role in large AI data center interconnect infrastructure systems.

**NVIDIA's Vera CPU is coming, Intel (INTC.US) unveils Xeon 6+.** At the 2026 Taipei International Computer Show (Computex), the competitive focus in the semiconductor industry is shifting. On the first day of the exhibition, NVIDIA (NVDA.US) released the Vera CPU for the next-generation Rubin platform, attempting to further enhance its full-stack AI infrastructure capabilities from CPU, GPU to network interconnect; On the second day of the keynote speech, Intel (INTC.US) unveiled the Xeon 6 Plus processor using the 18A process and systematically showcased its rack-level AI infrastructure strategy built around Agentic AI for the first time. The essence of this competition is no longer a simple confrontation between CPUs and GPUs, but a redistribution of system control in the AI era.

**Arm (ARM.US) CEO reveals: Self-developed chip business may reach $15 billion target ahead of schedule.** Arm CEO Rene Haas stated in an interview that due to the unexpectedly strong performance of the AI industry, the company's chip revenue may reach the $15 billion target ahead of the original schedule. Haas reiterated his high confidence in achieving performance targets by the end of this century during an interview at the Taipei Computer Show, noting that the mass production of data centers and AI infrastructure continues to boost chip procurement demand.

**Google (GOOGL.US) plans to raise $80 billion for AI infrastructure, rare equity sale, Berkshire (BRK.A.US) invests $10 billion.** According to reports, Google's parent company Alphabet announced plans to raise up to $80 billion through equity financing to support its large-scale AI infrastructure investments. This financing consists of three parts: a $30 billion concurrent underwritten public offering, a $40 billion market offering, and a $10 billion investment from Berkshire Hathaway through a private placement. Berkshire's investment is divided into two parts, subscribing to $5 billion of Class A common stock at $351.81 per share and $5 billion of Class C capital stock at $348.20 per share.

**AI demand ignites growth! STMicroelectronics (STM.US) hits new highs pre-market: revenue guidance doubles, expansion plans may be finalized by year-end.** STMicroelectronics dropped a dual bombshell on AI: not only did it significantly raise its full-year revenue target for the data center business to $1 billion (almost doubling the previous guidance), but its CEO also revealed that the company is likely to finalize a new round of expansion plans for its Crolles chip factory in France by the end of this year. The stock price surged pre-market, breaking through previous highs.

**Tesla (TSLA.US) sees continued recovery in European sales, with new registrations rising in multiple countries in May.** Tesla (TSLA.US) saw a year-on-year increase in new car registrations in several European countries in May, continuing the trend of sales recovery in the European electric vehicle market. Data released on Monday by Norway's automotive data agency OFV and France's automotive industry organization PFA showed that Tesla's new car registrations in France surged 655% year-on-year to 5,446 vehicles in May; in Norway, they increased by 29% to 3,345 vehicles. Data from various national automotive industry agencies also indicated that Tesla achieved rapid growth in several small and medium markets in Europe: registrations in Denmark rose 136% year-on-year to 1,750 vehicles; Spain grew by 113% to 1,690 vehicles; Portugal surged 349% to 1,463 vehicles; and Sweden increased by 71% to 858 vehicles. However, Tesla faced pressure in the Italian market, with registrations in May declining by 23.5% to 654 vehicles, but its cumulative sales in the first five months of this year still grew by over 15% compared to the same period in 2025

## Important Economic Data and Event Forecast

Beijing time 22:00: U.S. April JOLTs Job Openings.

Beijing time the next day 04:30: U.S. API Crude Oil Inventory Change for the week ending May 29.

## Earnings Forecast

Wednesday morning: Palo Alto Networks (PANW.US)

Wednesday pre-market: Macy's (M.US)

### Related Stocks

- [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md)
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- [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md)
- [MVLL.US](https://longbridge.com/en/quote/MVLL.US.md)
- [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md)

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