01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.35% at 51,848.90; S&P 500 declined 0.10% at 7,358.22; NASDAQ declined 0.43% at 25,476.63. A modest gain in blue chips contrasted with weakness in technology heavyweights, leaving the broader market little changed by the closing bell.
Several unusual-move stocks highlighted the session’s cross-currents. In semiconductors, NVIDIA (NVDA) fell 0.52% at $199.00 and Advanced Micro Devices (AMD) inched down 0.02% at $519.74, while leverage-focused Direxion Daily MSCI South Korea Bull 3× (KORU) rallied 5.90% at $741.28. Optical-component name Corning (GLW) jumped 6.06% at $205.83 on sector enthusiasm, whereas space-launch group Rocket Lab USA (RKLB) declined 10.21% at $85.41. Memory-chip play Western Digital (WDC) fell 4.01% at $643.83, and AI hardware designer Cerebras Systems (CBRS) plunged 19.61% at $182.26, illustrating sharp two-way momentum in technology hardware.
Beyond tech, market breadth remained mixed. Electric-vehicle leader Tesla Motors (TSLA) fell 1.59% at $375.53, while network giant Broadcom (AVGO) edged up 0.51% at $382.07 amid fresh AI hardware news. Cloud-software titan Microsoft (MSFT) declined 2.27% at $365.46, and enterprise database supplier Oracle (ORCL) slid 4.62% at $157.53. Meanwhile, memory heavyweight Micron Technology (MU) slipped 0.31% at $1,048.51 ahead of its earnings release, rounding out a session defined by divergent single-stock stories rather than a unified index trend.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.00%, latest at 4.40%.
USD/CNH rose 0.17%, at 6.83; USD/HKD fell 0.01%, at 7.84.
U.S. Dollar Index rose 0.02%, at 101.59.
WTI crude futures fell 0.65%, at 69.88 USD/bbl; COMEX gold futures rose 0.12%, at 4,013.60 USD/oz.
03 Top News
1. Qualcomm Targets $15 Billion in Data-Center Chip Sales by 2029, Lifting Shares 13%. The company said it will diversify beyond smartphones, with Microsoft and Meta among initial AI-chip customers. Two unnamed hyperscalers have already signed custom-chip deals to generate revenue before year-end.
2. Micron Projects Blowout Quarter and Secures $22 Billion in Supply Commitments. The memory-chip maker reported revenue of $41.46 billion and flagged persistent capacity tightness through 2027. Shares jumped more than 13% in after-hours trading as customers locked in long-term chip access.
3. Bilibili Approves Up to $300 Million Share Repurchase Program. The 24-month authorization allows open-market and private buybacks funded from existing cash. Management aims to bolster shareholder value after the board’s review of capital allocation priorities.
4. Sunrun, Renew Home and Tesla Sign Pact to Deliver 16 GW of Flexible Residential Power. The agreement aggregates home batteries and smart devices to supply data centers and utilities, with 300 MW ready in Virginia and ambitions for 500 MW by 2030. Sunrun’s stock surged over 30% intraday on the news.
5. OpenAI Reveals “Jalapeño,” Its First Custom AI Chip Co-Developed with Broadcom. The processor is designed for high-performance inference on large language models and will enter deployment later this year. Broadcom shares rose nearly 3% as the collaboration strengthens its position in custom silicon.
6. Nature Critique Challenges Microsoft’s 2025 Quantum Computing Breakthrough Claims. A Scottish researcher questioned software methods central to Microsoft’s Majorana-based qubit approach. Microsoft stands by its findings but faces renewed scrutiny after earlier paper retractions.
7. U.S. Dollar Hits 13-Month High Amid Expectations of Further Fed Rate Hikes. Rising yields and tech-sector volatility spurred safe-haven demand, pushing the Dollar Index above 101.60. Barclays’ models suggest mixed currency flows into month-end, keeping traders on alert.
8. Spot Gold Slides Below $4,000/Oz as Strong Dollar and Hawkish Fed Weigh on Bullion. The drop marks the first breach of the psychological level since late 2025, with analysts citing tighter financial conditions. Precious-metal miners and ETFs fell as investors priced in prolonged higher rates.
9. Qualcomm to Acquire AI Infrastructure Firm Modular to Enhance Edge-to-Cloud Offerings. The deal will expand Qualcomm’s software stack for optimized AI compute across devices and servers. Completion is expected in the second half of 2026, complementing its growing data-center ambitions.
10. Airline and Cruise Shares Climb as WTI Crude Dips Below $70. JetBlue and Royal Caribbean led gains of 4%+ after oil’s 4% slide eased fuel-cost concerns. UBS highlighted falling jet-fuel prices and resilient travel demand ahead of the sector’s upcoming earnings season.
Sources: Reuters, Dow Jones, MT Newswires, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.