Semiconductor stocks led a market rebound with Micron and Qualcomm surging after a sharp drop last week, driven by strong AI memory demand and positive industry news like NVIDIA's partnership with SK Hynix. Nasdaq 100 futures climbed 0.8%, supported by easing inflation concerns as crude oil prices fell below $90 on optimism over a potential US-Iran deal. Upcoming IPOs from OpenAI and SpaceX signal ongoing interest in AI but may temporarily divert institutional funds. The key technical resistance for Nasdaq 100 is at 30,033, which will determine if the chip rally can sustain momentum amid broader market uncertainties.
The S&P 500 is currently considered statistically expensive, with many indicators suggesting caution. Lawrence Fuller expects a challenging summer due to rising inflation, higher interest rates, and geopolitical risks, likely causing a modest market ...
The S&P 500 rose 0.30% to close at 7,405.73 on Monday, recovering from last week's tech selloff driven by a strong rebound in semiconductor stocks like Micron, Nvidia, and Broadcom. Investor sentiment improved amid easing concerns over the AI rally l...
The ARTY ETF has surged 102% over the past year, fueled by investments in AI infrastructure companies like NVIDIA, AMD, and Broadcom. Its portfolio focuses on suppliers of AI compute hardware, making it sensitive to capital expenditure (capex) trends...
Representatives Gilbert Cisneros and Josh Gottheimer have recently purchased shares in Lumentum Holdings, a company specializing in optical networking technologies crucial for AI infrastructure. Lumentum's stock has surged over 140% this year, driven...
Defiance ETFs introduced the Defiance Daily Target 2X Short MU ETF (MUZ), offering investors a way to gain double the inverse daily exposure to Micron Technology's stock price. This ETF is designed for knowledgeable traders seeking to profit from sho...
