US Opening Bell | Stocks open lower; SUPER MICRO COMPUTER INC rallies 15%; Chip makers slide

Market

July 22, U.S. stocks opened lower: the Dow Jones slipped 0.01% to 52,217.81, the S&P 500 shed 0.20% to 7,494.16 and the NASDAQ lost 0.50% to 25,707.49 as mixed earnings and rate-path uncertainty kept investors cautious.

Among early decliners, GE Vernova Inc. falls 5.3% after trimming its margin outlook, SK hynix drops 4.7% on soft memory pricing, Direxion Daily Semiconductors Bull 3x Shares sinks 4.5% alongside chip weakness, Micron Technology slides 2.2% on inventory concerns and Taiwan Semiconductor Manufacturing loses 1.7% following capex caution. On the upside, SUPER MICRO COMPUTER INC soars 14.7% on upbeat preliminary revenue, while Direxion Daily Semiconductors Bear 3x Shares gains 4.8% as traders hedge the sector.

Broader movers skew to the upside: Zhongchao Inc rockets 95.9% on regulatory approval news, Millennium Group International Holdings Limited climbs 10.6%, Sentage Holdings Inc rises 7.2%, E-home Service adds 6.8%, clean-energy names Daqo New and JinkoSolar advance 3.7% and 3.2%, while EV maker Li Auto edges up 0.9% after posting record deliveries.

News

SUPER MICRO COMPUTER INC lifts revenue guidance, shares jump 14.7%. Management cited robust demand for AI-optimized servers and flagged expanding margins.

GE Vernova Inc. warns of supply-chain cost pressures, stock drops 5.3%. The industrial giant lowered its full-year operating margin outlook, rattling investors.

SK hynix issues cautious memory outlook, down 4.7%. Executives pointed to an extended inventory correction that could weigh on prices.

Micron Technology faces analyst downgrades, slides 2.2%. Brokerages cut price targets amid concerns over DRAM demand softness.

Alphabet unveils AI-powered ad suite, gains 0.5%. The new tools aim to keep the search leader competitive in generative advertising.

Taiwan Semiconductor Manufacturing trims capex plan, loses 1.7%. The foundry cited slower smartphone orders and called for cautious spending.

Zhongchao Inc soars 95.9% after China NMPA green-lights oncology platform. Approval clears the path for nationwide rollout of its digital patient-education service.

Tesla Motors eases 0.6% amid fresh U.S. price adjustments. The EV maker cut Model Y prices by 3% to defend market share before new model launches.

Daqo New rallies 3.7% as polysilicon prices rebound. Tightening supply is expected to bolster margins for solar material producers.

Western Digital slumps 2.1% on flash oversupply worries. Industry checks show aggressive discounting by Asian rivals, pressuring near-term earnings.