What Sparked The Recovery In AI Chip Stocks
Micron's stock climbed more than 16% in premarket trading after falling 13% on Tuesday during a broader AI market decline
Micron's stock climbed more than 16% in premarket trading after falling 13% on Tuesday during a broader AI market decline
Amazon CEO Andy Jassy said the company aims to support India's efforts to broaden AI access, digitize small businesses, create jobs and boost exports. The announcement followed Jassy's meeting with Prime Minister Narendra Modi.
The company reported revenue of $41.46 billion, up sharply from $9.3 billion a year earlier and well above analyst estimates of nearly $36 billion, according to LSEG data
Shares of memory manufacturers Micron and Sandisk moved higher after suffering double-digit declines on Tuesday, while the Roundhill Memory ETF also posted gains.
Nasdaq 100 futures fell 2.7% ahead of trading, while semiconductor stocks such as Intel, Micron, AMD and Nvidia posted notable pre-market losses.
The departures raised fresh questions about Google’s ability to retain top AI researchers despite significant investments in the sector
Under the agreement, Reflection AI will gain access to high-performance Nvidia GB300 graphics processing units beginning July 1, 2026.
As part of the transition, Meta will invest approximately $900 million in Cred at a reported valuation of $4.5 billion.
The fundraising effort follows SpaceX’s blockbuster IPO, which raised nearly $86 billion and significantly boosted its market valuation.
Speaking at Reliance Industries’ annual shareholder meeting, Mukesh Ambani said the listing would showcase India’s ability to build technology companies with global scale and influence.
President Donald Trump announced Thursday that Intel and Apple have reached an agreement to design and manufacture computer chips in the United States
Intel has staged a significant comeback in recent months, with its stock soaring more than 460% over the past year and its market value reaching roughly $609 billion
The surge pushed SpaceX past Amazon in market capitalization on Tuesday and briefly allowed the company to overtake Microsoft
SpaceX’s market capitalization reached approximately $2.94 trillion, edging above Microsoft’s $2.93 trillion valuation
Predictive markets are experiencing a massive paradigm shift. They are rapidly transitioning from a niche internet subculture into a powerhouse financial category
Investors welcomed confirmation from President Donald Trump that an initial agreement had been reached and that the U.S. naval blockade of Iranian ports would be lifted