01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.72% at 51,032.46; S&P 500 up 0.22% at 7,580.06; NASDAQ up 0.20% at 26,972.62. Despite modest index moves, investors digested another deluge of artificial-intelligence hardware news and mixed macro signals, keeping benchmarks near record territory while defensives lagged.
AI-related names dominated the day’s unusual moves. Dell Technologies surged 32.76% to $420.91 after blockbuster AI-server results, while Sunlands Online Education Group leapt 125.74% to $6.14. Workforce-management platform Quhuo vaulted 54.60% to $7.73, and Super Micro Computer added 11.60% to $46.09. ServiceNow climbed 14.38% to $124.37, Oracle advanced 10.84% to $225.78, and Palantir gained 9.21% to $156.54. Semiconductor bellwethers kept momentum: Micron Technology rose 5.14% to $971.00 and Broadcom gained 4.73% to $446.77, even as Intel declined 5.14% to $114.68 and NVIDIA slipped 1.45% to $211.14. Fintech favorite SoFi Technologies climbed 7.37% to $18.22, while Direxion’s semiconductor bull ETF edged 0.13% lower.
Overall, technology and AI themes continued to overshadow mixed pockets of weakness. Profit-taking hit space-innovation play AST SpaceMobile, which fell 14.79%, and leveraged tracker Tradr 2X Long ASTS slid 29.41%. Electric-vehicle leader Tesla eased 1.43% amid renewed pricing concerns, but chip, cloud and cybersecurity enthusiasm kept broader risk appetite intact, helping the S&P 500 notch a fresh weekly advance.
02 Other Markets
U.S. 10-year Treasury yield fell by 0.04%, latest at 4.45%. USD/CNH fell 0.11%, at 6.81; USD/HKD rose 0.04%, at 7.84. U.S. Dollar Index fell 0.07%, at 98.94. WTI crude futures fell 1.28%, at 87.76 USD/bbl; COMEX gold futures rose 0.83%, at 4,569.90 USD/oz.
03 Top News
1. Dell Technologies boosted full-year revenue and profit guidance on surging AI-server demand. Management highlighted sustainable 8–10% operating margins as enterprises race to deploy new workloads. The stock’s sharp rise underscored investor conviction in long-term data-center spending.
2. ServiceNow raised its outlook after robust subscription growth lifted quarterly results. Double-digit expansion in digital-workflow adoption underpinned the guidance upgrade. Investors cheered the move, propelling the shares higher in heavy post-earnings trading.
3. AST SpaceMobile launched a $250 million discounted stock offering, triggering a sharp sell-off. The capital raise aims to fund satellite deployment but stoked dilution fears. Shares declined steeply as risk sentiment toward commercial space ventures deteriorated.
4. Intel unveiled “Lunar Lake” processors engineered for artificial-intelligence workloads. The chips promise major laptop power savings and enhanced neural-network performance. The announcement came amid intensifying competition across the semiconductor landscape.
5. Elon Musk refuted reports that SpaceX cut its prospective IPO valuation target to $1.8 trillion. In an X post, Musk called the rumor inaccurate, seeking to reassure private investors. SpaceX’s valuation expectations remain a key focus ahead of any potential listing.
6. Blockchain firm Paxos secured U.S. Securities and Exchange Commission approval to operate as a registered clearing agency. The designation enables Paxos to settle securities via distributed-ledger technology. Market participants view the approval as a milestone for blockchain integration into traditional finance.
7. SentinelOne announced plans to shed about 8% of its workforce and issued a cautious revenue outlook. The cybersecurity company expects roughly $25 million in restructuring charges. Management said resources will be redirected toward AI-driven security analytics.
8. Quhuo inked an electric-vehicle ride-hailing partnership with a major automaker, sparking a share price surge. The collaboration aims to expand sustainable mobility services across Chinese cities. Investors anticipate a meaningful boost to Quhuo’s growth trajectory.
9. Beverage chain operator Chagee reported higher quarterly revenue but lower adjusted earnings per share. Sales climbed to 3.55 billion renminbi as new store formats attracted customers. Shares advanced in pre-market trading on revenue beating analyst expectations.
10. A Blue Origin launchpad incident prompted heightened scrutiny of private-space projects. The explosion, which caused no injuries, weighed on sentiment in satellite and launch providers. Traders marked down several space-sector stocks amid rising risk perceptions.
Sources: Reuters, Dow Jones, Thomson Reuters, MT Newswires, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.
