US Opening Bell | Stocks open higher; Strategy jumps 7%; AI software and chip names advance

Market

July 2, U.S. stocks opened higher as the Dow Jones rose 0.41%, the S&P 500 gained 0.31% and the Nasdaq added 0.25%, with investors shrugging off mixed economic data and focusing on resilient corporate earnings.

Strategy rises 7.33% on fresh cryptocurrency momentum, Circle Internet Corp. climbs 5.42% after unveiling a new payments partnership, Palantir Technologies Inc. gains 3.78% on a $300 million defense AI contract, Tesla Motors advances 1.45% following record quarterly deliveries and Taiwan Semiconductor Manufacturing adds 1.18% after hiking capital-spending guidance. Among laggards, Roundhill Memory ETF falls 2.58%, Advanced Micro Devices loses 1.58% and Meta Platforms, Inc. slips 1.40% on profit-taking.

Elsewhere, Token Cat Ltd plunges 32.50%, Hitek Global tumbles 20.25%, Universe Pharmaceuticals Inc. sinks 12.77%, Regencell Bioscience Limited slides 6.60% and VNET Group drops 5.33%. On the upside, Yiren Digital soars 15.32%, Lichen China Ltd rises 5.00% and Viomi Technology Co. adds 4.11% as traders scour beaten-down China ADRs for bargains.

News

Tesla Motors reports record quarterly deliveries, shares rise 1.45%. The EV pioneer shipped 480,000 vehicles, topping consensus and easing demand concerns. Management reaffirmed full-year production guidance, boosting sentiment across the auto sector.

Strategy surges 7.33% after Bitcoin breaks above $70,000. The software firm’s sizeable digital-asset holdings are set to deliver large mark-to-market gains. Traders rotated into crypto-linked equities on expectations of renewed institutional inflows.

Palantir Technologies Inc. wins $300 million U.S. Army AI contract, stock up 3.78%. The multiyear award expands the company’s defense analytics footprint and could pave the way for additional federal deals.

Taiwan Semiconductor Manufacturing raises 2026 capex outlook, shares gain 1.18%. Management cited persistent AI chip demand and improving supply-chain visibility. Equipment makers rallied in sympathy.

Advanced Micro Devices slips 1.58% on looming rival GPU launch. Reports of a competing accelerator chip next week stoked concerns about market share and pricing pressure.

Meta Platforms, Inc. faces new EU antitrust probe, stock down 1.40%. Regulators are examining the company’s data practices in its advertising business, raising the prospect of heavy fines and operational changes.

Micron Technology gets analyst upgrade, edges up 0.14%. A major brokerage lifted its price target, citing resilient memory pricing and tighter supply by year-end.

NVIDIA trades flat as investors await next-gen GPU reveal. Analysts say pricing and power-efficiency metrics will be critical to sustaining the chipmaker’s data-center dominance.

Federal Reserve signals patience on rates, supporting equities. Minutes showed officials want more evidence of cooling inflation before considering cuts, easing fears of renewed tightening.

Initial jobless claims rise to 245,000, reinforcing soft-landing hopes. The modest uptick suggests cooling but resilient labor conditions, bolstering expectations for a gradual policy path ahead.