--- title: "US Stock Preview: Fed Rate Decision Looms; Intel Surges on SK Hynix Partnership Buzz; Nokia Rallies on AI and Defense Catalysts" type: "News" locale: "en" url: "https://longbridge.com/en/news/299180704.md" description: "Three major index futures edge higher as markets brace for the Fed rate decision. Intel surges on reported SK Hynix chip partnership talks. Nokia rallies on AI-RAN deployment and UK defense deal." datetime: "2026-09-16T12:08:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/299180704.md) - [en](https://longbridge.com/en/news/299180704.md) - [zh-HK](https://longbridge.com/zh-HK/news/299180704.md) generator: "portal-rs" --- # US Stock Preview: Fed Rate Decision Looms; Intel Surges on SK Hynix Partnership Buzz; Nokia Rallies on AI and Defense Catalysts ## Market Snapshot Semiconductor stocks rallied broadly in pre-market trading, with $Intel(INTC.US)$ gaining nearly 3% on reported partnership talks with SK Hynix, $Micron Technology(MU.US)$ rising over 1%, and $AMD(AMD.US)$ advancing about 1.7%. All three major US index futures traded higher on Wednesday, with the Dow up 0.29%, Nasdaq 100 up 0.55%, and S&P 500 up 0.33%. WTI crude fell 2.28% while gold rose 1.28%, as markets focus on tonight's Federal Reserve rate decision. ## Stock News **1\. Intel in talks with SK Hynix for US-based memory chip production, pre-market surge:** According to an exclusive Reuters report, SK Hynix is in discussions with $Intel(INTC.US)$ to produce memory chips in the United States, which would mark SK Hynix's first manufacturing presence in the US if a deal is reached. The transaction would ease Intel's financial pressure and aligns with the Trump administration's push to bring chip manufacturing back to US soil. SK Hynix later responded that "nothing has been finalized." Boosted by the news, $SK Hynix(SKHY.US)$ rose over 3% in pre-market trading, while Intel briefly surged more than 5%. **2\. Nokia rallies over 5% pre-market on AI-RAN live testing and defense partnership dual catalysts:** $Nokia(NOK.US)$'s AI-RAN platform has entered live testing with multiple global telecom operators, achieving over 20% improvement in spectrum efficiency, powered by NVIDIA hardware to build a software-defined 5G architecture. Meanwhile, Nokia's defense unit signed a memorandum of understanding with the UK's C3IA to support the digital transformation of UK defense capabilities across multi-domain operations spanning land, sea, air, space, and cyber. The dual catalysts drove Nokia up more than 5% in pre-market trading. **3\. Google DeepMind unveils Gemini 3.8 real-time voice model:** $Alphabet(GOOGL.US)$'s DeepMind launched the Gemini 3.8 Live AI audio model, achieving the highest score in standalone speech-to-speech benchmarks, with input costs reduced by 50% compared to the previous version. However, human preference tests still favored the older model. Following the announcement, Alphabet shares edged down about 1.3% in pre-market trading, though analysts maintain a "Strong Buy" consensus with an average target price of USD 425.88. **4\. NVIDIA trades at five-year low P/E as fundamentals remain robust:** $NVIDIA(NVDA.US)$ remains the world's largest company by market cap, with five-year revenue growth of 1,150% and a current P/E ratio of 26.82x, which is lower than Apple's and sits at a five-year low. The company posted EBITDA of USD 72.86 billion with a debt-to-equity ratio of just 0.17, reflecting a solid financial position. Despite intra-year share price volatility, the valuation remains compelling for long-term investors. Shares edged up 0.72% in pre-market trading. ## Global Macro **1\. Fed rate decision looms tonight, rate hike probability near 95%:** The Federal Reserve will announce its rate decision at 2:00 p.m. ET, with market pricing indicating a nearly 95% probability of a rate hike — the first in over three years. Investor attention has shifted from "will they hike" to the Fed's inflation assessment and forward guidance. A former Fed economist warned of an "inflation trap" risk. CICC noted that the influence of US Treasury yields on asset markets has diminished, and a dovish hike would have limited market impact. **2\. Gold breaks free from traditional rate framework, safe-haven flows push gold to USD 4,388:** COMEX gold rose 1.28% to USD 4,388 per ounce. Analysts believe gold is decoupling from the traditional interest rate framework and is instead pricing in the Fed's policy credibility. Long-end Treasury yields have become the key variable: if bond markets stabilize after the decision, gold could face a pullback; if long-end rates spiral out of control, gold could stage a full-blown breakout. ## Pre-market Turnover TOP20 | No. | Name | Pre-market Change | Pre-market Price | Pre-market Turnover | | --- | ------------------------------------------------------ | ----------------- | ---------------- | ------------------- | | 1 | $Intel(INTC.US)$ | +2.94% | 100.00 | 254M | | 2 | $Invesco QQQ Trust(QQQ.US)$ | +0.58% | 708.62 | 233M | | 3 | $Micron Technology(MU.US)$ | +1.01% | 936.96 | 223M | | 4 | $NVIDIA(NVDA.US)$ | +0.72% | 213.70 | 165M | | 5 | $Direxion Daily Semiconductor Bull 3X Shares(SOXL.US)$ | +4.41% | 106.83 | 161M | | 6 | $SanDisk(SNDK.US)$ | +1.18% | 1549.00 | 130M | | 7 | $SK Hynix(SKHY.US)$ | +3.32% | 180.63 | 82.37M | | 8 | $ProShares UltraPro QQQ(TQQQ.US)$ | +1.65% | 69.02 | 69.42M | | 9 | $DataMeds AI(MEDS.US)$ | +130.86% | 3.74 | 68.68M | | 10 | $SpaceX(SPCX.US)$ | +0.91% | 144.80 | 67.13M | | 11 | $Direxion Daily Semiconductor Bear 3X Shares(SOXS.US)$ | -4.48% | 48.81 | 63.11M | | 12 | $Meta(META.US)$ | +0.89% | 676.20 | 62.10M | | 13 | $Zenta(ZTG.US)$ | +297.99% | 2.68 | 51.89M | | 14 | $SPDR S&P 500 ETF Trust(SPY.US)$ | +0.36% | 760.14 | 51.26M | | 15 | $AMD(AMD.US)$ | +1.74% | 512.99 | 51.04M | | 16 | $McKesson(MCK.US)$ | +0.00% | 899.56 | 50.11M | | 17 | $Tesla(TSLA.US)$ | +0.34% | 357.79 | 45.40M | | 18 | $Dell Technologies(DELL.US)$ | +2.71% | 558.26 | 41.05M | | 19 | $Nokia(NOK.US)$ | +5.89% | 10.42 | 40.81M | | 20 | $Broadcom(AVGO.US)$ | +0.69% | 341.60 | 36.93M | ## Economic Calendar (All times in Beijing Time) 20:30 US August Retail Sales m/m 20:30 US August Import/Export Price Index 22:00 NAHB Housing Market Index 22:00 US August Business Inventories m/m 22:30 EIA Crude Oil Inventory Weekly Report Next day 02:00 Fed Rate Decision & Statement ### Related Stocks - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NOK.US](https://longbridge.com/en/quote/NOK.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [DELL.US](https://longbridge.com/en/quote/DELL.US.md) - [AVGO.US](https://longbridge.com/en/quote/AVGO.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) ## Related News & Research - [Meta is asking some of its employees to become managers again in a new reorg](https://longbridge.com/en/news/298642956.md) - [Micron Advances Memory Innovation With the World's First Ultra-Dense Module for Next-Generation Servers | MU Stock News](https://longbridge.com/en/news/299054424.md) - [Meta Platforms, Inc. $META Shares Sold by TrinityBridge Ltd](https://longbridge.com/en/news/299012292.md) - [Meta AI Officially Launches in Hong Kong, Available on IG, Threads and WhatsApp](https://longbridge.com/en/news/298704676.md) - [Bill Ackman’s Pershing Square Capital Management Sold Alphabet and Bought These 2 Beaten-Down Stocks](https://longbridge.com/en/news/299163824.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**