Nasdaq, Dow and S&P 500 Little Changed as AI Trade Powers Market

US stock futures steadied on Tuesday after confidence in artificial intelligence and falling oil prices spurred a rally on Wall Street.

Futures on the Nasdaq-100 (NQ=F) edged higher after the tech-heavy Nasdaq Composite touched a record high the day before. S&P 500 futures (ES=F) were little changed, while Dow Jones Industrial Average futures (YM=F) moved higher.

Stocks kicked off the week with strong gains as US and Chinese officials wrapped up talks ahead of a meeting between President Trump and Chinese leader Xi Jinping. Treasury Secretary Scott Bessent called the preliminary talks "very successful," lifting hopes of cooperation on artificial intelligence.

Meta (META) shares, which jumped 11% on Monday, lifted the "Magnificent Seven" stocks after the company's Muse AI agent app reached the top spot in the App Store, sending a bullish signal about chip demand.

The US rally in tech stocks spilled over into Asian markets, with the Nikkei (^N225) and KOSPI (^KS11) indexes gaining on Tuesday. Although oil prices ticked up again, improved oil flows through the Strait of Hormuz have kept prices below $100 per barrel.

KB Home (KBH) and AutoZone (AZO) report earnings on Tuesday amid a light week for economic data and earnings. Yahoo Finance reports.

⛏️ Greenland Mines Submits Application for New License for Sarfartoq District; Stock Up in Pre-Market

Greenland Mines (GRML) has submitted an application to the Government of Greenland for a new license covering approximately 262 km² immediately east of the company’s existing Sarfartoq license, MEL 2020-32. The new license would increase Greenland Mines’ footprint at Sarfartoq from approximately 192 km² to approximately 454 km², more than doubling its presence across the known rare earth and carbonatite district. TipRanks reports.

🔋 Solidion Technology Announces Share Purchases by Chairman, CFO and Board Member; Stock Up in Pre-Market

Solidion Technology announced that Chairman and CEO Jaymes Winters purchased 984 shares at $7.11 per share, bringing his total holdings to 4,709 shares.

CFO Vlad Prantsevich purchased 1,030 shares at $7.13 per share, bringing his total holdings to 3,455 shares.

Board member Karin-Joyce Tjon purchased 5,000 shares at $7.20 per share, bringing her total holdings to 17,853 shares. PRNewswire reports.

🔌 Vicor Shares Rise Over 11% After Company Raises Q3 Guidance

Shares of Vicor Corp (NASDAQ: VICR) rose sharply in pre-market trading after the company raised its third-quarter growth guidance.

Vicor increased its sequential growth guidance from nearly 10% to more than 20%, citing royalties from a non-exclusive license to Vertical Power Delivery.

Vicor shares jumped 11.2% to $249.00 in pre-market trading. Benzinga reports.

🧠 Nvidia’s Stock Is Flashing a Warning Sign as Valuation Falls

Nvidia Corp.’s falling stock valuation is sending a warning signal about the chipmaker’s prospects for maintaining its strong profit growth.

At less than 17 times expected earnings over the next 12 months, Nvidia shares are trading near their cheapest valuation in more than a decade, according to data compiled by Bloomberg.

The multiple is about half the level the stock commanded in 2025 and down from more than 25 times estimated earnings as recently as May. Yahoo Finance reports.

🖥️ US Investment Shifts Toward Data Centers as AI Spending Accelerates

San Francisco Fed Vice President Adam Shapiro highlighted a major shift in US investment, with spending increasingly moving from residential construction toward computing infrastructure.

Inflation-adjusted investment in information-processing equipment, including data centers and computer hardware, has now surpassed residential investment as AI-related spending accelerates. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) GRML: Greenland Mines Ltd
Total gain: +45.86%

2) IMCC: IM Cannabis Corp.
Total gain: +44.25%

3) VKTX: Viking Therapeutics, Inc.
Total gain: +34.21%

4) SVRN: SVRN, Inc.
Total gain: +13.22%

5) STI: Solidion Technology, Inc.
Total gain: +12.67%

The closing price of the top three market percent gainers trading near or above $2 on Sep 21.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET). Stock Analysis reports.

1) GRML: Greenland Mines Ltd
Total gain: +230.53%

The company announced that after significant reconnaissance, it has submitted an application to the Government of Greenland for a new license covering approximately 262 km² immediately east of the Company’s existing Sarfartoq license, MEL 2020-32. GlobeNewswire reports.

2) VEEE: Twin Vee Powercats Co.
Total gain: +100.93%

The stock appeared to be moving on no notable news.

3) SVRN: SVRN, Inc.
Total gain: +45.18%

The stock appeared to be moving on no notable news.

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

THO

Thor Industries

Before Market Open

Estimate: 0.930

Actual: 0.780

AZO

AutoZone

Before Market Open

Estimate: 54.100

Actual: N/A

KBH

KB Home

After Market Close

Estimate: 0.900

Actual: N/A

Time (ET) / Report / Period

• 1:00 PM / Federal Reserve Bank of Richmond President Thomas Barkin speaks to the CFA Society Baltimore

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Sourced in: The Intelligent Investor

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