Top 5 Stock Market Insights for January 6, 2025: Nvidia CEO Speech & Foxconn’s Record Revenue Boost Chip Stocks

Market Highlights for January 6, 2025

As investors gear up for a shortened trading week due to the national day of mourning for former U.S. President Jimmy Carter, U.S. stock futures are showing positive momentum following a challenging prior week. Key attention centers on Nvidia’s CEO Jensen Huang’s CES keynote, which could spark growth in the semiconductor sector. Additionally, chipmaker shares are rallying after Taiwan’s Foxconn announced record quarterly revenue fueled by robust AI demand. Super Micro Computer is also gaining premarket strength after a strong finish last week. Here’s a detailed breakdown of the top market developments investors should watch today.

1. Market Prepares for Shortened Week with Crucial Jobs Reports Ahead

This week’s trading is shortened as markets close Thursday in honor of former President Jimmy Carter. Alongside market closures, bond trading may end early. Investors will focus on important labor market data releases, including private payrolls, initial jobless claims, and the December employment report. Additionally, the Federal Reserve’s FOMC meeting minutes and speeches from Fed officials will be closely monitored for policy clues.

2. U.S. Stock Futures Rebound After Last Week’s Declines

Following a week of losses, U.S. stock futures are rebounding with Nasdaq and S&P 500 futures climbing approximately 1% and 0.8%, respectively, while Dow futures rise 0.4%. Bitcoin edges closer to the $100,000 mark with a 1% gain. Meanwhile, 10-year Treasury yields remain steady near 4.6%, oil futures tick higher, and gold prices hold steady.

3. Nvidia CEO Jensen Huang’s CES Keynote Sparks Investor Interest

Investors eagerly await Jensen Huang’s keynote at the CES event in Las Vegas, expected to highlight Nvidia’s Blackwell GPUs, integral to powering advanced generative AI technologies such as large language models. This presentation is seen as a potential catalyst for Nvidia’s stock, which is already up 2% in premarket trading.

4. Foxconn’s Record Revenue Drives Chipmaker Stocks Upward

Foxconn’s announcement of record Q4 revenue, propelled by strong AI-related product demand, is boosting chip sector stocks. Shares of Advanced Micro Devices (AMD) and Micron Technology (MU) rise 3% and 4.5%, respectively. Taiwan Semiconductor Manufacturing Co. (TSM) and ASML Holding (ASML) also see gains of 5% and 6%, reflecting optimism in semiconductor manufacturing and equipment markets.

5. Super Micro Computer Shares Continue Uptrend Following Friday Surge

Super Micro Computer (SMCI) extends gains with a 5% premarket rise after surging nearly 11% Friday. The rally follows Microsoft’s announcement of an $80 billion investment in AI data centers for the fiscal year, which could boost Supermicro’s server sales and partnerships. Despite previous volatility over Nasdaq delisting concerns, Supermicro closed 2024 up 7%, with Microsoft shares also up 1%.

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