{"id":11526,"date":"2026-06-02T13:02:07","date_gmt":"2026-06-02T13:02:07","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=11526"},"modified":"2026-06-02T13:02:07","modified_gmt":"2026-06-02T13:02:07","slug":"wall-street-poised-to-open-lower-even-as-ai-and-data-center-companies-soar-on-still-hot-demand","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=11526","title":{"rendered":"Wall Street poised to open lower even as AI and data center companies soar on still-hot demand"},"content":{"rendered":"
\n

By YURI KAGEYAMA and MATT OTT, AP Business Writers<\/strong><\/p>\n

Markets on Wall Street tipped toward losses before the opening bell Tuesday even as a handful of technology companies saw their shares post big gains as demand for AI and data center infrastructure remains red hot.<\/p>\n

Read more Election 2026: What to expect on Election Day in Orange County<\/a><\/p>\n

Futures for the Dow Jones Industrial Average fell 0.4%, while S&P 500 futures dipped 0.2%. Nasdaq futures inched 0.1% lower.<\/p>\n

Marvell Technologies, which designs chips for data centers, soared nearly 20% after Nvidia CEO Jensen Huang predicted it would be the next $1 trillion company.<\/p>\n

Generac jumped 9.5% after the power supply company said it signed a deal to provide backup power generators for an undisclosed company\u2019s data center infrastructure.<\/p>\n

HPE saw its shares gain more than 30% after it reported record second-quarter revenue, stoked by demand for its high-powered servers.<\/p>\n

In energy trading, benchmark U.S. crude lost $1.26 to $90.90 a barrel. Brent crude, the international standard, slipped the same $1.26 to $93.72 a barrel. The levels are still well above the roughly $70 level they were at before the war.<\/p>\n

Much hinges on whether the United States and Iran will reach an agreement to reopen the Strait of Hormuz, allowing deliveries of oil to resume from the Persian Gulf and easing the upward pressure on inflation.<\/p>\n

Read more Republican senators want more answers on $1.8 billion settlement fund as Trump considers its future<\/a><\/p>\n

\n<\/div>\n

Japan imports almost all its oil, although the effects on prices of gas and other products have been relatively contained by the release of the nation\u2019s reserves so far.<\/p>\n

\u201cCrude shortages have already forced refiners across Asia and Europe to aggressively reduce runs,\u201d said analyst Stephen Innes. \u201cThe result is that the squeeze is no longer confined to crude inventories. It is spreading into the fuels that actually power economies: gasoline, diesel, jet fuel, LPG, and naphtha.\u201d<\/p>\n

At midday in Europe, France\u2019s CAC 40 jumped 0.7% while the German DAX gained 0.8% and Britain\u2019s FTSE 100 added 0.2%.<\/p>\n

In Asia, Japan\u2019s benchmark Nikkei 225 slipped 0.3% to finish at 66,734.24. South Korea\u2019s Kospi inched up 0.2% to 8,801.49.<\/p>\n

\n<\/div>\n

The Hang Seng gained 2.5% to 26,038.32, while the Shanghai Composite rose 0.4% to 4,075.10.<\/p>\n

Read more Russian attack kills at least 18 in Ukraine, some of them children buried under rubble<\/a><\/p>\n

Australia\u2019s S&P\/ASX 200 shed less than 0.1% to 8,724.40.<\/p>\n

Yuri Kageyama is on Threads: https:\/\/www.threads.com\/@yurikageyama<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Markets on Wall Street tipped toward losses before the opening bell even as some technology companies saw their shares post big gains.<\/p>\n","protected":false},"author":1,"featured_media":11525,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43,2],"tags":[],"class_list":["post-11526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts-either-observed-and-verified-directly-by-the-reporter-or-reported-and-verified-from-knowledgeable-sources","category-news"],"yoast_head":"\nWall Street poised to open lower even as AI and data center companies soar on still-hot demand - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=11526\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street poised to open lower even as AI and data center companies soar on still-hot demand - 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