The Congressional Black Caucus urged more than 250 U.S. companies—including Apple, Amazon, Google, Meta, Microsoft, Tesla, and others—to oppose Republican-led states’ redistricting efforts aimed at eliminating majority-Black House districts, according to a letter. The push follows a Supreme Court ruling weakening the Voting Rights Act. The caucus also asked firms to condemn plans, meet lawmakers, and disclose political donations.
US stock futures were higher as investors weighed AI-driven gains and hopes for a peace deal. The report says Wall Street’s record highs have been supported by strong large-tech earnings, but further upside may depend on broader profit growth. It also highlights Fed risk: most officials still see a possible rate hike if inflation stays above 2%, with elevated oil prices a concern. Semiconductors led premarket moves (Marvell +5.7%, Micron/Intel ~+2%). Nvidia remained in focus after CEO Jensen Hua
Cathie Wood said Wall Street may be overlooking AI infrastructure trades beyond Nvidia and GPUs. She cited OpenAI CFO Sarah Friar’s comments that agentic AI could raise CPU usage, potentially shifting from about 4–5 GPUs per CPU toward a 1-to-1 ratio. Wood highlighted Intel, Cisco, Corning, Flex and Akamai as potential beneficiaries if AI spending broadens into inference, networking and edge.
