US stock futures surged ahead of the open, with the Dow Jones up over 500 points and Nasdaq futures leading gains at 1.4%, driven by strong earnings from AMD and Super Micro Computer. Market optimism is fueled by reports that the US and Iran are close to a preliminary agreement to end conflict and resume nuclear talks, which has eased geopolitical tensions. President Trump announced a pause in military movements through the Strait of Hormuz to facilitate the deal, leading to a sharp drop in oil prices and a rise in gold. Investors are watching closely as both sides are expected to respond on key points within 48 hours, marking the closest progress since the conflict began.
Technology stocks saw a sharp decline after an initial morning rally faded, with the semiconductor-focused ETF SOXL plunging 16.43% and AMD dropping nearly 7%. The selloff was driven by active short selling and investor caution ahead of the upcoming ...
Chip stocks Advanced Micro Devices (AMD) and Intel experienced sharp midday declines of 9% and 8%, respectively, driven by broad profit-taking after significant year-to-date gains of 129% and 199%. Despite positive earnings reports and strong AI infr...
After a rapid surge in tech stocks, especially semiconductors driven by AI demand, analyst Eddie Ghabour warns of a possible market correction this summer. The semiconductor sector, highlighted by the iShares Semiconductor ETF up 89% year to date, be...
Advanced Micro Devices (AMD) is rated a Strong Buy with a price target of $977.32, driven by trends in compute inversion and agentic AI. AMD's new 256-core Venice CPU and open-ecosystem strategy position it to capture a large share of the $120 billio...
The stock market is driven by the 'Parabolic 7' semiconductor stocks, which have surged dramatically this year, led by companies like Micron, AMD, and Intel. Despite their rapid gains, some valuations remain reasonable due to strong earnings growth, ...
