01 Stock Market
Wall Street ended mixed on Thursday, as Nvidia and other technology stocks dipped, while defense companies advanced after President Donald Trump called for an enlarged $1.5 trillion military budget.
The Dow Jones Industrial Average was up 0.55% at 49,266.11; the S&P 500 was up 0.01% at 6,921.46; and the Nasdaq Composite was down 0.44% at 23,480.02. Moves were mixed as gains in select AI and consumer platforms contrasted with pullbacks across semis and storage.
Unusual-move stocks were mixed, with AI infrastructure and select platforms firmer while memory and storage lagged. On headlines, flyExclusive (FLYX) up 130.25% at $7.23; Applied Digital (APLD) up 8.05% at $31.94; Tesla (TSLA) up 1.02% at $435.80; Amazon (AMZN) up 1.96% at $246.29; Alphabet (GOOG) up 1.11% at $326.01. Chip and storage names eased: Nvidia (NVDA) down 2.15% at $185.04; Micron (MU) down 3.69% at $327.02; Intel (INTC) down 3.57% at $41.11; AMD (AMD) down 2.54% at $204.68; Broadcom (AVGO) down 3.21% at $332.48; SanDisk (SNDK) down 5.38% at $334.54; SOXL down 5.05% at $49.65. Among megacaps, Apple (AAPL) down 0.50% at $259.04; Meta Platforms (META) down 0.41% at $646.06; Palantir (PLTR) down 2.65% at $176.86; Oracle (ORCL) down 1.65% at $189.65; while MicroStrategy (MSTR) up 3.18% at $166.97 and Ondas (ONDS) up 15.02% at $14.01.
Chinese ADRs extended strength. Alibaba (BABA) up 5.26% at $154.47; Bilibili (BILI) up 6.51% at $28.64; Tencent Music (TME) up 5.36% at $17.49; XPeng (XPEV) up 3.22% at $20.52; JD.com (JD) up 2.20% at $29.67; and ZTO Express (ZTO) up 1.83% at $21.72. Elsewhere, NIO (NIO) down 1.25% at $4.73 and Beike (BEKE) up 2.97% at $17.32. Tech-heavy ETFs were softer: QQQ down 0.57% at $620.47 and TQQQ down 1.78% at $54.19, while SPY down 0.01% at $689.51 reflected broader consolidation.
02 Other Markets
U.S. 10-year Treasury yield fell by 0.24%, latest at 4.17.
USD/CNH rose 0.00%, at 6.98; USD/HKD fell 0.01%, at 7.79.
U.S. Dollar Index rose 0.01%, at 98.89.
WTI crude futures rose 0.97%, at 58.32 USD/bbl; COMEX gold futures rose 0.53%, at 4,484.20 USD/oz.
03 Top News
CrowdStrike to Buy Identity Security Startup SGNL for $740 Million to Tackle AI Threats
CrowdStrike Holdings, Inc. said on Thursday it would buy identity security startup SGNL in a deal valued at $740 million aiming to enhance its cybersecurity tools to help customers counter artificial intelligence-powered threats.
The cybersecurity company looks to benefit from SGNL's "continuous identity" technology to prevent hackers from exploiting user identities as entry points for data theft with constant evaluations at a time when businesses are increasingly granting autonomous access to AI agents.
Memory, Storage Stocks Tumble After Epic Run
Memory and data storage stocks tumbled on Thursday after the group saw investors rush into the names over the past six months, fueled by the artificial intelligence spending boom.
SanDisk Corp. shares fell more than 5% on Thursday, while Micron Technology tumbled 4%. Western Digital and Seagate Technology PLC saw declines of 6% and 8%, respectively.
Despite Thursday's drawdowns, the quartet saw strong runs in the back half of 2025 and first few trading days of 2026, led by Sandisk. Sandisk's market cap has increased more than 800% over the past 12 months, while Micron has risen more than 220%. Western Digital and Seagate have increased 280% and 224%, respectively, over the same time frame.
Intel in Spotlight as Trump Says He Had 'Great' Meeting with CEO
Intel was in the spotlight on Thursday after President Trump said he had a “great meeting” with CEO Lip Bu-Tan.
“I just finished a great meeting with the very successful Intel CEO, Lip-Bu Tan,” Trump wrote in a post on Truth Social. “Intel just launched the first SUB 2 NANOMETER CPU PROCESSOR designed, built, and packaged right here in the U.S.A. The United States Government is proud to be a Shareholder of Intel, and has already made, through its U.S.A. ownership position, Tens of Billions of Dollars for the American People — IN JUST FOUR MONTHS. We made a GREAT Deal, and so did Intel. Our Country is determined to bring leading edge Chip Manufacturing back to America, and that is exactly what is happening!!!”
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.
