Market
June 11, U.S. stocks opened higher: the Dow Jones added 0.5%, the S&P 500 rose 0.4% and the Nasdaq Composite gained 0.5% as strong semiconductor earnings and easing inflation concerns lifted risk appetite.
Quhuo soars 101.2% on heavy volume after disclosing a strategic ride-hailing partnership; Direxion Daily Semiconductors Bull 3× Shares jumps 8.5% as chips rally; Intel climbs 6.6% on upbeat server-chip demand guidance; Marvell Technology adds 3.8% following fresh analyst price-target hikes; Advanced Micro Devices gains 2.4% on continued AI momentum; NVIDIA edges up 1.0% as new data-center bookings emerge. On the downside, Oracle sinks 11.7% after a revenue miss, while Applied Optoelectronics slides 4.6% on a profit warning.
United Microelectronics rises 5.2%, Taiwan Semiconductor Manufacturing advances 1.1% and Micron Technology tacks on 1.8% as supply-chain data show record May sales. Tesla moves 1.0% higher on resilient EV order trends. Meta Platforms eases 1.4% and Alibaba slips 3.0% amid profit-taking in mega-caps.
News
Intel unveils Gaudi Ultra accelerator and lifts margin guidance. Management said cloud orders are running ahead of plan, prompting a higher full-year gross-margin outlook. The surprise drives a 6% pre-market pop.
Oracle misses top-line estimates, triggering sharp sell-off. Currency headwinds and softer cloud bookings undercut revenue growth, leading shares to drop more than 10% at the open.
Marvell Technology raises full-year revenue outlook on AI networking demand. The company cited stronger hyperscale orders and expects double-digit growth in the second half, boosting investor confidence.
Quhuo receives preliminary go-private inquiry. The mobility platform confirmed a non-binding proposal valuing the ADRs at a significant premium, sending the stock up over 100%.
Applied Optoelectronics issues profit warning after customer pushouts. Management now sees a wider quarterly loss as fiber-optic shipments slow, knocking the stock almost 5% lower.
Taiwan Semiconductor Manufacturing reports record May sales. The chip foundry said revenue jumped 30% year-on-year, encouraging broader semiconductor gains in U.S. trading.
United Microelectronics posts strongest monthly growth in three years. Better utilization rates and rising wafer pricing propelled a 25% jump in sales, lifting the ADR 5%.
Micron Technology boosts capex to expand high-bandwidth memory output. The move aims to capture soaring AI-server demand and supports the stock’s 2% advance.
Tesla confirms Cybertruck production pace above 1,500 units per week. The update eases delivery worries and helps shares edge higher at the bell.
U.S. CPI comes in line with expectations, easing rate-hike fears. Core inflation’s moderate increase supports a steady Fed stance, underpinning broad equity gains at the open.
Comments