01 Stock Market
The U.S. major indexes closed as follows: Dow Jones up 0.09% at 51,078.88; S&P 500 up 0.26% at 7,599.96; NASDAQ up 0.42% at 27,086.81. A modest rebound in large-cap technology shares outweighed energy-related weakness, nudging all three benchmarks into positive territory by the closing bell.
Semiconductor and AI-linked names dominated the unusual-move list. Micron Technology rose 6.64% at $1,035.50; NVIDIA added 6.26% at $224.36; ARM Holdings surged 15.73% at $408.85; and ServiceNow advanced 9.24% at $135.86. Hardware suppliers also rallied, with Dell Technologies up 10.70% at $465.96 and IBM gaining 7.60% at $320.42. Space-tourism player Virgin Galactic spiked 21.68% at $7.52, while software giant Oracle jumped 9.91% at $248.15. On the downside, chip makers Intel fell 4.67% at $109.33, Advanced Micro Devices slipped 1.16% at $510.13, and handset supplier Qualcomm declined 8.78% at $228.99. Electric-vehicle leader Tesla also retreated, down 4.57% at $415.88.
Broader sector flows reflected an ongoing scramble for AI exposure. Memory, networking and cloud-infrastructure plays such as Lumentum (+5.85% at $905.00) and Broadcom (+2.95% at $459.97) attracted fresh momentum, while profit-taking hit select megacap platforms like Meta Platforms (–5.07% at $600.47). The dispersion underscores investor rotation within the tech complex as markets digest a wave of new chip launches, upbeat earnings revisions and shifting competitive dynamics.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.00%, latest at 4.48%.
USD/CNH fell 0.04%, at 6.81; USD/HKD fell 0.00%, at 7.84.
U.S. Dollar Index rose 0.01%, at 99.18.
WTI crude futures rose 0.16%, at 92.31 USD/bbl; COMEX gold futures rose 0.17%, at 4,513.90 USD/oz.
03 Top News
1. Hewlett Packard Enterprise boosted its 2026 revenue and earnings targets amid surging AI-server demand. Record second-quarter revenue jumped 40% to $10.68 billion, topping estimates, while the company raised its networking growth outlook to up to 75%. HPE also added an Elliott partner to its board, and its shares leapt about 25% in after-hours trading.
2. People Inc. is preparing a cash offer exceeding $18 billion to acquire the remaining stake in MGM Resorts. The proposed bid of $48.30 per share follows chairman Barry Diller’s view that the casino operator is “wildly undervalued.” A deal would expand People’s exposure to marquee Las Vegas properties as the sector consolidates.
3. Software maker Cadence Design Systems unveiled “ChipStack AI Super Agent,” a fully autonomous virtual chip-design engineer. The tool promises to shrink verification cycles from weeks to less than a day and is already being tested by Nvidia. Cadence shares climbed over 7% in early trade on the announcement.
4. Nvidia and Microsoft launched the “RTX Spark” PC superchip to bring on-device AI to Windows laptops. The ARM-based system-on-chip combines a MediaTek CPU with Nvidia’s Blackwell GPU, aiming for 24-hour battery life. Devices from Dell, HP and others are slated for release this fall.
5. Dell introduced an entry-level XPS 13 laptop priced at $699 to challenge Apple’s budget MacBook. The student-focused offering follows strong earnings driven by AI-server demand and sent Dell shares up more than 10%. Analysts see the move as an aggressive bid for market share in the back-to-school cycle.
6. MicroStrategy-renamed Strategy sold 32 Bitcoin for about $2.5 million, marking its first strategic crypto sale since 2022. Proceeds will cover preferred-stock distributions, signaling a more flexible stance toward its vast Bitcoin holdings. Crypto-linked equities slid as the company’s divestiture highlighted recent price softness.
7. Iran halted indirect talks with the United States and warned it may block the Strait of Hormuz. Tehran cited Israeli strikes in Lebanon as the trigger and threatened to activate other regional fronts. Energy markets firmed, with key oil ETFs rising up to 7% on supply-disruption fears.
8. China’s BYD ended an eight-month sales slump as May deliveries rose 0.3% year on year to 383,453 vehicles. Overseas shipments surged more than 80%, buoyed by European demand and higher oil prices. The rebound alleviates concerns about domestic EV saturation.
9. SpaceX is reportedly days away from filing for an IPO that could value the company above $2 trillion. Analysts suggest the listing may pave the way for a future merger with Tesla to create an AI-centric conglomerate. The potential float would be the largest public offering on record.
10. Nvidia secured Anthropic, OpenAI and SpaceX as inaugural users of its forthcoming “Vera” data-center CPU. Mass production is scheduled for the third quarter, broadening Nvidia’s reach beyond GPUs into general-purpose server chips. Early commitments underscore continued hyperscale appetite for specialized AI infrastructure.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.
