On May 8, 2025, the US stock market opened with mixed performance. The NASDAQ 100 index rose by 1.05%, while the S&P 500 index increased by 0.89%. The Dow Jones Industrial Average showed a slight gain of 0.72%.

In terms of industry sectors, the electric vehicle sector showed notable activity with Tesla Motors rising by 2.02% and Li Auto increasing by 3.96%. The solar energy sector also saw significant movements, with Sunrun surging by 12.45% and SolarEdge up by 4.71%. Meanwhile, the silver mining sector experienced a downturn, with Fortuna Silver Mines dropping by 3.41%.

AppLovin Corporation experienced a remarkable surge of 12.17% following its announcement of strong first-quarter earnings and the sale of its mobile gaming division to TripleDot Studios. This strategic shift towards advertising technology business boosted investor confidence.

ARM Holdings faced a significant decline of 5.19% after reporting a disappointing outlook for its fiscal first quarter, with sales and profit forecasts falling below Wall Street estimates. The company's shares dropped nearly 11% in premarket trading, reflecting investor concerns.

Coinbase Global, Inc. rose by 5.61% after announcing its acquisition of Deribit for $2.9 billion in cash and stock, expanding into the crypto derivatives market. This strategic move aims to enhance Coinbase's global growth and product range.

Alphabet and Alphabet saw gains of 1.48% and 1.67% respectively, despite ongoing concerns over AI's impact on its search business and antitrust lawsuits. The semiconductor sector showed positive reactions to reports of potential relaxation in AI chip export curbs, boosting investor confidence.

Microsoft increased by 1.57% following news of Trump's announcement of a major trade agreement and Michael Saylor's call for the company to purchase Bitcoin to avoid capital loss.