Post-Bell｜Nasdaq Rises 0.86% as Tech, Chipmakers Rebound. SOXL Surges 16%; Micron, Marvell Jump About 10%; AMD Gains 5%; Tesla Adds More Than 4%

01 Stock Market

The U.S. major indexes closed as follows: Dow Jones declined 0.16% at 50,786.01; S&P 500 rose 0.30% at 7,405.73; NASDAQ advanced 0.86% at 25,929.66. The tech-centric NASDAQ outperformed its peers, helped by renewed appetite for semiconductor names, while the blue-chip Dow slipped on profit-taking in defensive shares.

Chip leaders powered the session’s standout moves. Micron Technology (MU) jumped 9.87% at $949.28 after upbeat demand commentary, and Marvell Technology (MRVL) gained 9.63% at $288.85. Strength spread across the group: Intel (INTC) rose 11.19% at $110.27, while leveraged fund SOXL surged 15.83% at $211.44 as its bearish counterpart SOXS fell 16.81% at $5.69. Electric-vehicle bellwether Tesla (TSLA) added 4.59% at $408.95, whereas megacap chip supplier NVIDIA (NVDA) firmed 1.73% at $208.64. In contrast, consumer-tech heavyweight Apple (AAPL) declined 1.89% at $301.54 amid profit-taking.

Overall, semiconductor euphoria offset pockets of weakness elsewhere. Momentum in AI-related hardware and data-center demand kept investors focused on growth themes, cushioning the broader market from downdrafts in select mega-caps and defensives. Trading volumes reflected active rotation into high-beta technology, suggesting continued interest in plays tied to artificial-intelligence infrastructure and memory-chip shortages.

02 Other Markets

U.S. 10-year Treasury yield rose by 0.00%, latest at 4.55%. USD/CNH fell 0.08% at 6.82; USD/HKD fell 0.00% at 7.84. U.S. Dollar Index rose 0.02% at 100.00. WTI crude futures rose 0.11%, at 91.40 USD/bbl; COMEX gold futures fell 0.28%, at 4,351.30 USD/oz.

03 Top News

1. EHang approved a share repurchase of up to $30 million. The aerial-vehicle maker said the program will run over the next 12 months and be funded from existing cash. Management signalled confidence in long-term prospects after the stock’s recent volatility.

2. Cantor Fitzgerald lifted Micron’s price target to $1,500, citing an “AI-driven memory paradigm.” The analyst argued that DRAM and NAND will remain undersupplied through 2028, supporting stronger margins. Micron shares rallied nearly 10% following the upbeat outlook.

3. Tesla increased Model Y prices in North America by $1,000. The adjustment improves vehicle margins ahead of a high-profile SpaceX IPO later this week. Investors viewed the move as confidence in demand resilience, boosting Tesla’s share price.

4. Eli Lilly reported new Phase 3 data showing its drug retatrutide delivered significant weight-loss and metabolic benefits. Patients lost over 70 pounds on average and saw improvements in sleep apnea and diabetes markers. Shares climbed about 4% on expectations of a strong obesity franchise.

5. SpaceX outlined an unprecedented $75 billion IPO with a fixed “take-it-or-leave-it” price. The company may allocate up to 30% of shares to retail investors and allow early employee sell-downs. Analysts view the approach as a major departure from traditional Wall Street book-building.

6. Amazon signed a multi-billion-dollar pact with Corning to expand U.S. fiber-optic production. The partnership will create 1,000 North Carolina jobs and bolster supplies for Amazon’s data-center network. Corning shares rose about 7% on expectations of sustained demand.

7. Google ordered more than three million Tensor Processing Units from Intel for 2028 deployment. The deal underscores Intel’s progress in advanced manufacturing and could diversify Google’s AI hardware supply chain. Intel shares spiked over 13% on the report.

8. Citi raised its S&P 500 year-end target to 8,100, pointing to an “AI supercycle.” The bank also lifted its 2026 earnings forecast to $350 per share, citing resilient corporate profits. Strategists cautioned that post-2027 spending may slow, posing future risks.

9. Wolfspeed and GE Aerospace announced a collaboration to accelerate high-voltage silicon-carbide adoption. The partnership aims to develop next-generation power devices for electric aviation, sending Wolfspeed shares up 13% pre-market. Analysts expect broader industry benefits for electrification.

10. Multiple brokerages initiated bullish coverage on newly listed Cerebras, endorsing its wafer-scale AI chip model. At least nine firms, including Morgan Stanley and Citigroup, started with overweight ratings, projecting significant upside. Cerebras shares gained about 8% as investors welcomed the endorsements.

Sources: Reuters, Dow Jones, MT Newswires, Tiger Newspress, public market data Disclaimer: This content is for reference only and does not constitute investment advice.