Premarket headlines on Oct. 8
According to BlockBeats, several major U.S. premarket developments were in focus on Oct. 8.
Strategy said it will release its third-quarter financial results after the U.S. stock market closes on Oct. 29. The company also plans to hold a webcast discussion of the results at 5 p.m. Eastern on the same day.
Google Cloud launched Gemini Agent, describing it as a general-purpose work agent that can run on Gemini models or Claude models. Following the announcement, Google rose more than 1% in premarket trading, while Meta fell more than 1%.
Globalfoundries signed a $2 billion silicon interposer agreement with Taiwan Semiconductor Manufacturing Co. for advanced AI packaging. The initial term is five years.
TSMC reported September sales of NT$511.86 billion, down 0.6% from the prior month and up 54.6% from a year earlier. For the first three quarters of 2026, revenue reached NT$3.89873 trillion, up 41.1% year over year.
Citi said the CPU market could reach $300 billion by 2030. The bank raised its price target on AMD to $800 from $575 and maintained a buy rating.
Investment bank DA Davidson raised its price target on Micron Technology to $3,000 from $2,100, the highest on Wall Street, and reiterated its buy rating.
OpenAI rolled out GPT-6 to all free and paid ChatGPT users worldwide, formally replacing GPT-5.6 SOL and GPT-5.6 LUNA.
Federal Reserve Governor Christopher Waller said more rate hikes may still be needed, but there is "flexibility" in the pace of tightening. He also said the dot plot could reflect rate hikes in early 2027, followed by cuts.
Broadcom is arranging more than $50 billion in financing for its custom AI chip project with OpenAI. People familiar with the matter said Apollo Global Management and Blackstone are among the lenders in talks to participate.