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US stocks closed higher on Thursday as a rally in semiconductor shares offset concerns over renewed military exchanges between the United States and Iran, while easing oil prices helped support broader market sentiment. The Dow Jones Industrial Average added 139.02 points, or 0.27%, to finish at 52,487.41. The Nasdaq Composite gained 1.30% to close at… Continue reading Dow rises 139 points as chip stocks rally despite renewed US-Iran strikes

US-Iran tensions escalated for a second straight day as fresh military strikes threatened the fragile ceasefire and disrupted shipping through the Strait of Hormuz. SK Hynix moved closer to its record US listing with plans to price its American depositary receipts at $149 each. Oil prices fell as demand concerns offset supply risks from the… Continue reading Evening digest: US-Iran tensions rise, SK Hynix eyes record US IPO

Cerebras Systems CBRS shares rose 11% on Thursday after the artificial intelligence infrastructure company unveiled plans for a major expansion across Europe. The initiative includes new AI data centres that will partially support OpenAI workloads under the companies’ existing partnership. The company said it expects to bring its first European data centre capacity online by… Continue reading Cerebras stock jumps as Europe AI expansion fuels OpenAI infrastructure

Intel (INTC) and Advanced Micro Devices (AMD) shares are extending gains on July 9th after the latter’s chief technology officer (CTO) pointed to a huge central processing unit (CPU) renaissance ahead. Speaking at the “RAISE” summit in Paris, Mark Papermaster explicitly said the tech industry has missed a massive structural pivot: agentic AI requires significantly… Continue reading Intel vs AMD stock: which one is better positioned for a CPU renaissance?

Applied Materials Inc. shares AMAT climbed nearly 7% on Thursday as semiconductor stocks rallied after reports that Meta Platforms plans to begin manufacturing its in-house artificial intelligence chip in September, boosting optimism around demand for wafer fabrication equipment and AI infrastructure. The broader semiconductor rally also lifted Lam Research and KLA Corp., while optical networking… Continue reading Applied Materials stock jumps as Meta AI chip plan lifts semiconductor names

Nvidia stock (NVDA) slipped on Thursday, giving back some of the previous session’s gains even as semiconductor stocks broadly rallied, underscoring investors’ continued preference for other parts of the artificial intelligence supply chain. Shares were down 1.1% at $201.76 in midday trading after jumping 3.7% on Wednesday. The Nasdaq Composite rose 0.9%, the S&P 500… Continue reading Nvidia stock continues to struggle even as AI peers soar: buy, sell, or hold?

Virax Biolabs (VRAX) shares exploded higher on Thursday morning after management announced a lucrative cross-border commercial breakthrough. In a press release dated July 9th, the company said its UK subsidiary signed an “exclusive” multi-country commercial supply agreement with Fosun Diagnostics, a key division of Shanghai Fosun Pharmaceutical. Despite the cosmic run today, Virax stock remains… Continue reading Why this biotech stock more than tripled on Thursday

Meta Platforms Inc. (META) shares traded higher on Thursday, reversing early losses as investors assessed the company’s latest artificial intelligence initiatives. This includes plans to begin manufacturing an in-house AI chip and the public preview of its upgraded Muse Spark 1.1 model. The developments show Meta’s efforts to strengthen its AI infrastructure, reduce reliance on… Continue reading Meta stock rises as AI chip plans and Muse Spark 1.1 rollout take focus

Memory chip and storage stocks staged a strong recovery on Thursday, with investors rushing back into the sector after a sharp selloff triggered by Samsung Electronics’ quarterly earnings earlier this week. Micron Technology climbed more than 7%, while SanDisk SNDK gained about 7.5%. Western Digital advanced over 7.2%, and Seagate Technology rose more than 6.5%,… Continue reading Micron, SanDisk recover after Samsung-led selloff; fresh catalysts add to sentiment