Market
June 15, U.S. stocks opened sharply higher as investors cheered cooler inflation and upbeat tech guidance. The Dow Jones added 1.22%, the S&P 500 climbed 1.41% to another record, while the Nasdaq surged 2.29% as chip names powered gains.
Micron Technology rises 8.96% after boosting revenue forecasts, Marvell Technology soars 7.73% on cloud-AI demand, Lumentum surges 7.65% following asset sale news, Advanced Micro Devices gains 5.06% on new accelerator launch, Intel climbs 4.23% after an analyst upgrade, Broadcom adds 3.48% on strong earnings, Alphabet advances 2.98% as ad trends improve, while Destiny Tech100 Inc falls 4.35% on profit-taking.
In broader trading, Direxion Daily MU Bull 2X Shares spikes 17.97%, Direxion Daily Semiconductors Bull 3x Shares leaps 14.82%, GraniteShares 2x Long COIN Daily ETF jumps 11.13% after SEC ETF approval, NEBIUS rallies 9.98% on AI optimism, Applied Optoelectronics climbs 9.12%, Roundhill Memory ETF rallies 7.66%, and ProShares UltraPro QQQ adds 7.25% alongside the tech rebound.
News
Micron Technology lifts guidance and boosts margins. The memory giant forecast fourth-quarter revenue and gross margin well above consensus amid surging AI-server demand. Management cited supply discipline and pricing power, sending the stock up nearly 9% at the open.
Federal Reserve signals slower path to rate cuts. Chair Jerome Powell said recent data show disinflation progress but not enough for an imminent easing cycle. The comments lowered Treasury yields and supported equity risk taking.
NVIDIA unveils Blackwell GPU for data centers. The new chip promises 50% performance gains per watt for AI workloads and is already booked by major cloud providers. Shares added more than 2% in early trade.
Lumentum sells telecom module unit to Broadcom. The $3.5 billion cash deal will allow Lumentum to focus on photonic chips while Broadcom expands its networking portfolio. Lumentum’s stock jumped over 7%, Broadcom rose 3%.
Oracle beats earnings expectations on cloud strength. Revenue grew 9% year on year as demand for AI-ready infrastructure accelerated. The company also raised its dividend, lifting shares by about 3%.
Tesla Motors raises Model Y prices in North America. The EV leader cited higher commodity costs and strong orders, boosting its shares by more than 1% and supporting the broader EV space.
U.S. retail sales surprise to the upside. Core sales increased 0.6% month over month, easing recession fears and underpinning discretionary and travel stocks.
Advanced Micro Devices launches Instinct MI350 accelerator. The chip offers competitive performance versus NVIDIA’s H200, targeting hyperscale customers. Investors sent AMD up over 5%.
SEC approves first spot Ethereum ETFs. The long-awaited decision sparked a rally in crypto-linked equities, with GraniteShares 2x Long COIN Daily ETF up more than 11%.
United Microelectronics partners with Microsoft on secure chips. The collaboration aims to integrate confidential computing features into next-gen servers, driving the ADR 4.8% higher.
Comments