ICYMI - On Saturday Fed Governor Bowman called for 3 FOMC rate cuts this year

SK Hynix sees HBM market growing 30% annually to 2030, brushing off price pressures. Samsung warns of near-term HBM3E supply glut.

The new week for US equity index futures has begun: S&P 500 eminis +0.15%,Nasdaq futures +0.2%

US equity index futures are about to open - to HUGE news ... not in a good way. Nvidia and AMD have agreed to give the US government 15 per cent of the revenues from chip sales in China reports the Financial Times.

Quants chase S&P 500 momentum (up ~30% from April), while humans trim exposure amid uncertainty. Divergence signals potential snapback.

Japan is on Mountain Day holiday today - markets are closed. US bond trade impacted.

Reports that Nvidia & AMD to pay 15% of China chip sale revenues to US govmt. US index futures open for trading at 6pm US Eastern time, 10pm GMT. Sales to China will be a tailwind for these stocks, the RICO extortion, not so much.

Nvidia & AMD pay 15% to US on China sales; licenses clear exports, avoiding billion-dollar hits. Market watches AI chip share.