01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.73% at 49,298.25; S&P 500 up 0.81% at 7,259.22; NASDAQ up 1.03% at 25,326.12. Renewed enthusiasm for artificial-intelligence hardware and resilient consumer spending helped Wall Street notch broad-based advances, with all three benchmarks finishing solidly higher.
Chipmakers and AI-linked names dominated the session’s unusual moves. Among the top gainers, Intel (INTC) surged 12.92% at $108.15 after signs of fresh demand for its manufacturing capacity, while Micron Technology (MU) climbed 11.06% at $640.20 on bullish memory-market projections. Storage peer SanDisk (SNDK) rallied 11.98% at $1,406.32, and leveraged fund Direxion Daily Semiconductors Bull 3x Shares (SOXL) jumped 13.02% at $144.16. Smartphone-supplier Qualcomm (QCOM) gained 10.79% at $186.55, and optical-chip designer POET Technologies (POET) spiked 29.54% at $9.21 on heavy volume. On the downside, data-analytics firm Palantir (PLTR) declined 6.93% at $135.91, while Tesla (TSLA) fell 0.80% at $389.37 despite an autonomous-driving milestone.
Broader sector strength underpinned the rally. The Philadelphia Semiconductor Index recorded a double-digit percentage advance as investors rotated into hardware beneficiaries of the AI build-out, offsetting weakness in some software names. ETFs such as Vanguard S&P 500 (VOO) added 0.78% at $665.30, reflecting a risk-on tone even as select bearish semiconductor products like Direxion Daily Semiconductors Bear 3x Shares (SOXS) slid 13.20% at $11.51. Overall, technology outperformance steered major equity gauges to their best close in over a week.
02 Other Markets
U.S. 10-year Treasury yield was unchanged, latest at 4.42%. USD/CNH fell 0.01%, at 6.85; USD/HKD fell 0.00%, at 7.84. U.S. Dollar Index fell 0.11%, at 98.38. WTI crude futures fell 1.22%, at 101.02 USD/bbl; COMEX gold futures rose 0.33%, at 4,583.80 USD/oz.
03 Top News
1. Super Micro Computer projected fourth-quarter revenue of $11 billion–$12.5 billion, topping analyst views. Management cited “massive demand” for AI-optimized servers and the benefit of new Silicon Valley manufacturing capacity. Shares jumped more than 18% in post-market trading, underscoring investor confidence in the company’s position within the data-center boom.
2. AMD lifted its second-quarter revenue outlook to about $11.2 billion on surging AI chip demand. The firm expects its server CPU market to grow above 35% annually and sees data-center sales up 70% year-on-year. Shares rose nearly 15% after hours, extending a 65% year-to-date rally.
3. Apple has held preliminary talks with Intel and Samsung about producing next-generation processors in the United States. Executives visited Samsung’s Texas fab under construction and discussed foundry services with Intel, aiming to diversify beyond long-time partner TSMC. No orders have been placed yet, reflecting Apple’s caution over reliability and scale.
4. Coinbase announced it will cut approximately 14% of its global workforce to streamline costs and focus on “the AI era.” About 700 positions will be eliminated, with management citing a need to align expenses with market conditions. Shares rose 4% in pre-market trading as investors welcomed the cost-control measure.
5. PayPal beat first-quarter expectations, posting revenue of $8.35 billion and adjusted EPS of $1.34. Robust consumer spending lifted total payment volume to $464 billion, while the company outlined a plan to save $1.5 billion over the next three years through restructuring and greater use of artificial intelligence.
6. Shopify exceeded revenue forecasts with a 34% year-over-year rise to $3.17 billion but warned of cost pressures, sending shares down 9%. Management flagged higher operating expenses from Middle East conflict-driven tariffs and supply disruptions, clouding the e-commerce platform’s outlook despite solid topline growth.
7. Micron began shipping a record-breaking 245 TB solid-state drive, touted as the world’s highest-capacity commercial SSD. The launch targets hyperscale AI workloads that are accelerating the shift from hard-disk to solid-state storage. The news contributed to Micron’s 11% stock surge during regular trading.
8. Tesla’s Full Self-Driving system surpassed 10 billion cumulative miles, marking a major autonomous-driving milestone. CEO Elon Musk believes the achievement brings the company closer to unsupervised robo-taxi deployment, though investors remain watchful for broader commercialization progress.
9. The U.S. Securities and Exchange Commission fined Elon Musk $1.5 million for late disclosure of his initial 5% stake in Twitter, now X. Regulators said the delay potentially disadvantaged former shareholders by withholding material information. The penalty adds to ongoing legal scrutiny of Musk’s market disclosures.
10. Market-research firm IDC forecast that global DRAM revenue could nearly triple to $418.6 billion this year, signaling a structural shift driven by AI demand. The report argues “this time is different,” with hyperscalers paying premiums for high-bandwidth memory. The bullish outlook fueled double-digit percentage gains in shares of leading memory suppliers, including Micron and Western Digital.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.