FINWIRES · TerminalLIVE
FINWIRES

$NVDA

252 stories mentioning NVDA

Every FINWIRES story that references NVDA, newest first.

Stocks Rise Pre-Bell as US, Iran Reach Peace Deal; Investors Await Fed Policy Decision
US Markets

Stocks Rise Pre-Bell as US, Iran Reach Peace Deal; Investors Await Fed Policy Decision

The benchmark US stock measures were pointing higher before the opening bell Monday as the US and Iran reached an agreement to end their war and reopen the crucial Strait of Hormuz, while investors prepare for a major policy decision by the Federal Reserve later in the holiday-shortened week.The S&P 500 rose 1.2%, the Dow Jones Industrial Average gained 0.8% and the Nasdaq added 1.9% in premarket activity. The indexes finished Friday trading in the green.US markets will be closed on Friday for the Juneteenth National Independence Day holiday.In a social media post on Sunday, President Donald Trump said a deal with Iran is "complete" and that he authorized the immediate removal of the US naval blockade of Iranian ports. In a separate post, Trump said the Strait of Hormuz will reopen for mine removal upon the signing of the peace agreement, currently scheduled for Friday in Switzerland.West Texas Intermediate crude oil dropped 5.6% to $80.11 a barrel in the most recent premarket activity, while Brent declined 5.2% to $82.77.Trump's posts came after Pakistani Prime Minister Shehbaz Sharif announced on X that a peace deal had been reached between Washington and Tehran, with both sides agreeing to immediately end their military operations on all fronts, including Lebanon.Iran's Supreme National Security Council said a memorandum of understanding regarding the end of war negotiations with the US was "finalized," Iran's Mehr News Agency reported Monday.The Fed's monetary policy committee is scheduled to meet on Tuesday, with a decision on interest rates due on Wednesday. Markets are widely expecting the central bank to keep its key lending rate unchanged for a fourth consecutive meeting, according to the CME FedWatch tool.Treasury yields were down in premarket action, with the two- and 10-year rates retreating 4 basis points each to 4.05% and 4.45%, respectively.Last week, government data showed that annual inflation in the US accelerated to its highest level in three years in May.Monday's economic calendar has the Empire State manufacturing index for June at 8:30 am ET, followed by the industrial production report for May at 9:15 am. The housing market index for the current month is out at 10 am.SpaceX (SPCX) rose 6.1% pre-bell after the Elon Musk-led company finished its trading debut on Friday up 19%. Advanced Micro Devices (AMD) inclined 4.2%, while Nvidia (NVDA) moved 2.1% higher.Accenture (ACN), Jabil (JBL) and Kroger (KR) are scheduled to report their latest financial results later this week.Gold advanced 2.8% to $4,359 per troy ounce, while bitcoin increased 3% to $65,660.

Dow JonesNasdaq CompositeS&P 500$ACN$AMD$JBL$KR$NVDA$SPCX
Equities

Social Buzz: Wallstreetbets Stocks Mostly Advancing Premarket Monday; Micron Technology, SpaceX to Open Higher

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly higher hours before Monday's opening bell.Micron Technology (MU) rose by 7.5% premarket, reversing a 1.4% decline from the previous session.Space Exploration Technologies (SPCX) advanced by 5.6% pre-bell, after a 19.2% rise from Friday's session. Space Exploration Technologies, known as SpaceX, debuted on Nasdaq Friday.Sandisk (SNDK) was 5.5% higher in premarket activity, after a 5.2% rise from the previous session.AST SpaceMobile (ASTS) rose by 4.7% pre-bell, swinging from a 15.5% fall at Friday's close.Rocket Lab (RKLB) advanced by 4.2% premarket, after closing Friday with a 10.8% decline.Nvidia (NVDA) was 2.1% higher in pre-bell activity, after a -/2% increase from the previous session.Microsoft (MSFT) was up 1.8% hours before market open, following a 0.1% increase at Friday's close.Bucking the trend, DTE Energy (DTE) was 0.1% lower pre-bell, swinging from a 1.1% increase at Friday's close.

$ASTS$DTE$MSFT$MU$NVDA$RKLB$SNDK$SPCX
Wire

Market Chatter: SpaceX Rents Out Data Center Capacity to Anthropic After Encountering Technical Issues

Space Exploration Technologies (SPCX) decided to rent out capacity at its Colossus 1 data center in Memphis, Tennessee, to Amazon.com-backed (AMZN) Anthropic to create a new revenue stream after experiencing technical difficulties in using the facility, Bloomberg reported Friday, citing people familiar with the matter.SpaceX originally planned to use the facility to develop and run its Grok artificial intelligence models via a cluster of three data center campuses, but the firm faced latency issues and hardware variations, making it difficult to connect Colossus 1 to the other two sites, the report said, citing the people.Colossus 1 runs on Nvidia's (NVDA) Hopper and Blackwell systems and some other older accelerators, while two other sites are built more uniformly around Blackwell chips, the people reportedly said.SpaceX did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $160.56, Change: $+25.56, Percent Change: +18.93%

$AMZN$NVDA$SPCX
Uber Evolving Into 'Everything App' With Expanding Margins, Tigress Says
Wire

Uber Evolving Into 'Everything App' With Expanding Margins, Tigress Says

Uber Technologies (UBER) is evolving into a "diversified everything app" from predominantly a ride-hailing service, with growing margins, Tigress Financial Partners said Friday.The company has expanded its network of ride-hailing and delivery services, ventured into "platform adjacencies" that offer high margins, and pursued capital-light partnerships with autonomous and electric vehicle manufacturers, Tigress Director of Research Ivan Feinseth said in a note to clients.The brokerage noted Uber's partnerships and collaborations with major players such as Nvidia (NVDA), Alphabet's (GOOG, GOOGL) Waymo, Mobileye Global (MBLY), Rivian Automotive, (RIVN), Lucid Group (LCID) and Expedia Group (EXPE)."Uber is turning its scaled mobility and delivery networks, high-margin platform adjacencies, combined with its capital-light, (artificial intelligence-driven) AV/EV and travel partnerships, into a diversified everything app with expanding margins and long-term compounding potential," Feinseth said.Last month, Uber issued a bookings growth outlook that surpassed Wall Street's estimates, while its first-quarter profit grew year over year."Uber's pivot from subsidized growth to disciplined, self-funded expansion has driven (earnings before interest, taxes, depreciation, amortization, and restructuring) and free cash flow growth ahead of revenue, inflecting (return on capital) from negative levels in 2021 to meaningfully above its cost of capital, and positioning it for compound economic profit through continued reinvestment, share repurchases, and selective (mergers and acquisitions)," Feinseth said Friday.Tigress raised its price target on the Uber stock to $115 from $110 while reiterating its buy rating."We believe further upside in the shares exists, and our 12-month target price of $115 represents a potential return of close to 65% from current levels," Feinseth wrote.The company's shares were down 2% in Friday afternoon trade. So far this year, the stock has lost nearly 17% in value.Price: $68.15, Change: $-1.40, Percent Change: -2.01%

$EXPE$GOOG$GOOGL$LCID$MBLY$NVDA$RIVN$UBER
Sectors

Sector Update: Tech Stocks Rise Friday Afternoon

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2%.The Philadelphia Semiconductor index climbed 2.4%.In corporate news, Space Exploration Technologies (SPCX) shares jumped 28% as Elon Musk's rocket and satellite company debuted on the Nasdaq in what is poised to be the world's biggest initial public offering ever.Nvidia (NVDA) has informed Chinese clients that its new Vera central processors for AI data centers could be available as early as August and that they can start ordering, Reuters reported. Nvidia shares added 0.2%.Adobe's (ADBE) CFO departure and fiscal 2026 organic annual recurring revenue outlook have created more uncertainty for the company, outweighing its fiscal Q2 results, RBC Capital Markets said in a note emailed Friday. Adobe shares fell past 7%.

$ADBE$NVDA$SPCX
Wire

Top Midday Stories: SpaceX Shares Indicated to Open 29% Above IPO Price at $174 Each; Adobe CFO Leaves Company

All three major US stock indexes were up in late-morning trading Friday, as investors prepare for SpaceX's initial public offering and wait for news on a signed deal between the US and Iran.In company news, SpaceX shares are indicated to open at $174 apiece, about 29% above the IPO price of $135 per share, Bloomberg reported Friday.Adobe (ADBE) reported fiscal Q2 adjusted earnings late Thursday of $5.96 per diluted share, up from $5.06 a year earlier and above the FactSet consensus analyst estimate of $5.82. Fiscal Q2 revenue was $6.62 billion, up from $5.87 billion a year ago and above the FactSet consensus of $6.45 billion. For fiscal Q3, the company expects adjusted EPS of $6.05 to $6.10 on revenue of $6.67 billion to $6.72 billion. Analysts polled by FactSet expect $5.77 and $6.52 billion, respectively. For the full year, Adobe expects adjusted EPS of $24.35 to $24.45 on revenue of $26.5 billion to $26.6 billion. Analysts expect $23.54 and $26.06 billion, respectively. The company also announced that Chief Financial Officer Dan Durn will leave the company on Monday, and Steve Day, senior vice president of corporate finance, will serve as interim CFO. Adobe shares were down 7.4% around midday.BlackRock (BLK) HPS Corporate Lending Fund received repurchase requests totaling about 13.3% of shares outstanding as of March 31 but will fulfill requests for just 5% of shares, the fund said Friday in a regulatory filing. The fund previously limited redemptions to 5% after receiving requests to repurchase about 9.3% of share outstanding, according to a March regulatory filing. BlackRock shares were up 2%.SharonAI (SHAZ) said Friday it has entered a six-year strategic compute collaboration with Nvidia (NVDA) to expand AI infrastructure in Australia, including the deployment of up to 40,000 Grace Blackwell GB300 GPUs. SharonAI shares were down 7.8%, while Nvidia shares were up 0.4%.Turkey's Competition Board said Friday it has concluded an investigation into Netflix (NFLX), Amazon (AMZN) Prime, Walt Disney (DIS) and other streaming platforms through a waiver of liability. Netflix agreed to measures that seek to address issues raised by the board regarding its selection of Turkish content, while all of the companies committed to certain steps to address the raised issue of exclusivity clauses in contracts. Netflix and Amazon shares were down 1.1% and 2%, respectively, while Disney shares were up 0.3%.Price: $203.46, Change: $-15.34, Percent Change: -7.01%

$ADBE$AMZN$BLK$DIS$NFLX$NVDA$SHAZ
Sectors

Sector Update: Tech Stocks Mixed Premarket Friday

Technology stocks were mixed premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.5% higher.Adobe (ADBE) stock was down more than 9% even after the company reported higher fiscal Q2 adjusted earnings and revenue. Adobe also said Chief Financial Officer Dan Durn will exit the company on Monday to pursue a new opportunity.Seagate Technology (STX) said its Seagate HDD Cayman unit issued a notice to redeem all outstanding 3.50% exchangeable senior notes due 2028 that have not been exchanged. Seagate Technology stock was up more than 1% pre-bell.Sharon AI (SHAZ) has entered a six-year strategic compute collaboration with Nvidia (NVDA) to expand AI infrastructure in Australia, including deployment of up to 40,000 Grace Blackwell GB300 GPUs, the company said. Sharon AI shares were up more than 7% premarket.

$ADBE$NVDA$SHAZ$STX$XLK$XSD
Wire

Sharon AI, NVIDIA Announce Strategic AI Infrastructure Partnership in Australia

Sharon AI (SHAZ) has entered a six-year strategic compute collaboration with Nvidia (NVDA) to expand AI infrastructure in Australia, including deployment of up to 40,000 Grace Blackwell GB300 GPUs, the company said Friday.The deal will add 72 megawatts of AI data center capacity using Nvidia's DSX AI factory design under a revenue-sharing and credit-support model to support cloud demand and improve capital efficiency, Sharon AI said.Sharon AI added its total AI factory capacity has risen to 132 MW, with 102 MW contracted, and it plans to deploy more than 55,000 Nvidia GPUs by mid-2027.Shares of Sharon AI were up more than 12% in premarket trading.

$NVDA$SHAZ
Equities

Social Buzz: Wallstreetbets Stocks Mixed Premarket Friday; AST SpaceMobile to Advance, Adobe to Decline

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mixed hours before Friday's opening bell.AST SpaceMobile (ASTS) rose by 3.9% premarket, after an 11.7% rise from the previous session.Microsoft (MSFT) was up 0.6% hours before market open, swinging from a 1.8% decline at Thursday's close.Nvidia (NVDA) was 0.5% higher in pre-bell activity, after a 2.2% increase from Thursday's session.Sandisk (SNDK) advanced by 0.4% pre-bell, after a 14.5% rise at Thursday's close.Tesla (TSLA) was up 0.3% premarket, following a 4.6% increase at Thursday's close.DTE Energy (DTE) was marginally higher in premarket hours, following a 0.2% decline from Thursday's session.Adobe (ADBE) was 6.5% lower premarket, following a 6.3% fall from the previous session.Micron Technology (MU) declined by 1.3% premarket, after closing Thursday with an 11.7% increase.

$ADBE$ASTS$DTE$MSFT$MU$NVDA$SNDK$TSLA
Wire

Rising Agentic AI Workloads Expected to Boost Demand for CPUs, BofA Says

The rise of agentic artificial intelligence is set to significantly accelerate demand by expanding the role of central processing units, creating opportunities for x86 vendors and ARM-based competitors, BofA Securities said in a note Thursday.The analysts said that, based on their discussions at the BofA Global Technology Conference, they have increased their 2030 estimate for the server CPU total addressable market to more than $170 billion, up from their previous estimate of $125 billion.This forecast implies nearly fivefold growth from current levels and a 37% compound annual growth rate between BofA's 2025 estimate and 2030 estimate, compared with its prior growth estimate of 29% CAGR, the analysts added.The analysts said Intel (INTC) could generate more than $6 in earnings per share by 2030, up from their previous expectation of $3 to $4, although successful execution remains critical. Nvidia (NVDA) remains their top overall semiconductor pick due to its leadership across the entire AI technology stack, including CPUs, GPUs, networking, software, and AI platforms.BofA raised Advanced Micro Devices' (AMD) price target to $560 from $500 and Arm's (ARM) price target to $335 from $245. Intel was double-upgraded to buy and assigned a $135 price target, while Qualcomm (QCOM) remains rated underperform.Price: $114.54, Change: $+7.50, Percent Change: +7.00%

$AMD$ARM$INTC$NVDA$QCOM
Wire

Market Chatter: OpenAI in Advanced Talks for Ohio Data Center Lease

Microsoft-backed (MSFT) OpenAI is in advanced talks to lease a proposed 10-gigawatt data center campus on federal land in Ohio, The Information reported Tuesday, citing sources familiar with the matter.The artificial intelligence company is discussing a 20-year lease for the site, which is currently being developed by SoftBank Group unit SB Energy on US Department of Energy property, the news outlet reported.The infrastructure project could reach a total cost of at least $500 billion when fully constructed, with the initial phase scheduled to commence operations in 2028, according to the media outlet.Nvidia (NVDA) has considered providing credit support for the development, utilizing its balance sheet to guarantee the tenant's obligations and the developer's future project financing, the publication noted.The facility would run on Nvidia hardware, requiring OpenAI to secure approximately $350 billion to acquire the necessary chips, the report added.OpenAI, Microsoft, Nvidia, and SB Energy did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $401.68, Change: $-1.73, Percent Change: -0.43%

$MSFT$NVDA
Asia Markets

US-Iran Flare-Up Drags US Equity Futures Pre-Bell as Middle East Tensions Re-Escalate

US equity futures were edging lower pre-bell Wednesday as the US and Iran once again exchanged attacks after a US Army Apache helicopter was shot down, raising tensions in the Middle East.Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.6%, and Nasdaq futures were 0.7% lower.US Central Command said in an X post that it launched "self-defense strikes" against Iran as a "proportional response to unjustified Iranian aggression," responding to the downing of a US Army helicopter. Iran, which did not claim responsibility for shooting down the chopper, responded with attacks on Bahrain, Kuwait, and Jordan.In a post on Truth Social, US President Donald Trump said that Iran has been "completely defeated." Trump added, "They've taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!"Traders look forward to Oracle's (ORCL) fiscal Q4 financial results, scheduled to be released after the market closes.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.8% at $88.93 per barrel and US West Texas Intermediate crude 0.7% higher at $92.05 per barrel.The May consumer price index, released at 8:30 am ET, gained 0.5% as expected, compared with a 0.6% increase in the previous month, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 1.9% lower, Hong Kong's Hang Seng ended 0.6% lower, and China's Shanghai Composite finished 0.4% lower. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was 0.9% lower in Europe's early afternoon session.In equities, shares of Nvidia (NVDA), Microsoft (MSFT), and Taiwan Semiconductor Manufacturing (TSM) were all lower as part of a broader sell-off in the tech sector. Nvidia stock was down 1.3%, Microsoft shares fell 0.9%, and Taiwan Semiconductor stock was down 2.3%.On the winning side, CME Group (CME) shares were marginally higher after the company said it launched Nasdaq CME Crypto Index futures. Casey's General Stores (CASY) stock was up 2.1% after the company reported fiscal Q4 earnings and revenue that surpassed analysts' estimates.

Dow JonesNasdaq CompositeS&P 500$CASY$CME$MSFT$NVDA$ORCL$TSM
Equities

Social Buzz: Wallstreetbets Stocks Mostly Lower Premarket Wednesday; Micron Technology, Marvell Technology to Decline

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly lower hours before Wednesday's opening bell.Apple (AAPL) was up 0.3% in premarket activity, swinging from a 3.6% fall at Tuesday's close.DTE Energy (DTE) was marginally advancing pre-bell, after a nearly 2% increase from Tuesday's session.Micron Technology (MU) fell by 3% hours before market open, after a 1.4% decline from the previous session.Marvell Technology (MRVL) declined by 3% premarket, after closing Tuesday with a 7.6% fall.Reddit (RDDT) was down 3% in pre-bell hours, following a 4.1% increase from Tuesday's session.Broadcom (AVGO) fell by 2% premarket, after a 1.1% decline from the previous session.Nvidia (NVDA) was 2% lower in pre-bell activity, following a 0.2% decline at Tuesday's close.Microsoft (MSFT) was down 1.3% pre-bell, following a 2% fall from Tuesday's session.

$AAPL$AVGO$DTE$MRVL$MSFT$MU$NVDA$RDDT
Equities Markets Fall Intraday Amid Tech Sell-Off
US Markets

Equities Markets Fall Intraday Amid Tech Sell-Off

Wall Street's benchmark equity indexes fell intraday amid a sharp sell-off in technology stocks, as President Donald Trump vowed to "respond" to an Iranian attack on a US military helicopter over the Strait of Hormuz.The Nasdaq was down 2% at 25,425.1 after midday Tuesday, while the S&P 500 lost 1.1% to 7,328.9. The Dow Jones Industrial Average declined 0.2% to 50,678.7. Among sectors, tech saw the steepest drop, shedding 3.5%, while real estate paced the gainers.Salesforce (CRM) shares were down 4.7% intraday, the worst performer on the Dow. The cloud-based customer relationship management platform provider implemented a fresh round of job cuts, Business Insider reported Tuesday, citing people familiar with the matter and a regulatory notice.Cisco Systems (CSCO) dropped 4.3% and followed Salesforce on the Dow. Nvidia (NVDA) fell 2.1%. Super Micro Computer (SMCI) slid 10%, among the steepest declines on the S&P 500.Also under pressure were other major tech names such as Apple (AAPL), Microsoft (MSFT), IBM (IBM), Qualcomm (QCOM), Dell Technologies (DELL), and Advanced Micro Devices (AMD).Outside tech, J.M. Smucker (SJM) reported better-than-expected fiscal fourth-quarter results, while the food producer's full-year earnings outlook came in above Wall Street's estimates at the midpoint. The stock was up 9.7% intraday, the best performer on the S&P 500.Trump said Tuesday that Iran shot down a US Apache helicopter over the Strait of Hormuz on Monday night. He said the two pilots were unharmed.The US must "respond to this attack," he said in a social media post.Trump told reporters in New York on Monday that a diplomatic resolution to the Middle East conflict could be reached in "two or three days," CNBC reported. The crucial Strait of Hormuz, which remains effective shut, would reopen "immediately" after the deal, Trump reportedly said.Trump has made similar claims on a number of occasions in the past.West Texas Intermediate crude oil was down 3.7% at $87.94 a barrel intraday, while Brent fell 3% to $91.43."The continued lack of progress towards restoring normal energy flows from the Middle East reinforces expectations of a prolonged period of elevated oil prices," Saxo Bank said in a report on Tuesday.US Treasury yields were lower intraday, with the 10-year rate down 3.4 basis points at 4.53%, and the two-year rate falling 3.3 basis points to 4.13%.In economic news, US existing home sales increased to the highest level since December in May, a move that is expected to bode well for the economy, the National Association of Realtors said Tuesday.The US trade deficit narrowed in April as export growth outpaced an increase in imports, government data showed Tuesday.Gold was down 1.7% at $4,290.10 per troy ounce, while silver shed 4.6% to $65.38 per ounce.

Nasdaq CompositeS&P 500$AAPL$CRM$CSCO$DELL$DJI$IBM$MSFT$NVDA$QCOM$SJM$SMCI
Sectors

Sector Update: Tech Stocks Advance Premarket Tuesday

Technology stocks were advancing premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.6% higher.Nebius Group (NBIS) shares were up more than 4% after the company launched the six-month Physical AI Living Lab program that will grant certain British and European robotics startups access to Nebius' artificial intelligence cloud infrastructure and Nvidia's (NVDA) physical AI development tools.Onsemi (ON) stock was 2% higher after the company launched GaNEXUS, a new gallium nitride power portfolio for AI data centers, industry, robotics, and energy infrastructure applications.Skyworks Solutions (SWKS) shares were up more than 3% after the company unveiled its Si829x isolated safety gate driver, designed to enhance inverted efficiency and reduce system costs for electric vehicles.

$NBIS$NVDA$ON$SWKS$XLK$XSD
Sectors

Sector Update: Tech

Technology stocks were advancing premarket Tuesday, with the State Street Technology Select Sector SPDR Fund (XLK) up 1% and the State Street SPDR S&P Semiconductor ETF (XSD) 2.6% higher.Nebius Group (NBIS) shares were up more than 3% after the company launched the six-month Physical AI Living Lab program that will grant certain British and European robotics startups access to Nebius' artificial intelligence cloud infrastructure and Nvidia's (NVDA) physical AI development tools.

$NBIS$NVDA
Equities Rise Pre-Bell as Chip Stocks Extend Gains
US Markets

Equities Rise Pre-Bell as Chip Stocks Extend Gains

US equity futures were tracking in the green on Tuesday amid continued momentum in artificial intelligence and semiconductor stocks.The S&P 500 rose 0.4%, the Dow Jones Industrial Average gained 0.3% and the Nasdaq added 0.8% in premarket activity. The S&P 500 and the Nasdaq finished Monday trading higher, while the Dow closed in the red for a second consecutive session.OpenAI said on Monday it has confidentially filed for a potential initial public offering in the US, after similar moves last week by AI firm Anthropic and rocket and satellite company SpaceX.OpenAI hasn't decided on the timing of the IPO yet, according to a blog post. "It may be a while because there are things we want to do that are likely easier as a private company," the tech firm added.Shares of Qualcomm (QCOM) increased 2.8% pre-bell, while Intel (INTC) inclined 2.2% after an 11% jump at the close of Monday. Micron Technology (MU) added 4.1% following a 9.9% increase in the previous session, while Nvidia (NVDA) was up 0.7%. Advanced Micro Devices (AMD) gained 2.5% before the bell after closing the previous session up 5.1%, while Broadcom (AVGO) increased 1.1%."In our view, volatility in technology stocks is likely to continue, although the (artificial intelligence) investment boom appears robust," D.A. Davidson said in a report on Monday. "We continue to expect a broadening of gains supporting sector diversification in portfolios."West Texas Intermediate crude oil declined 2.1% to $89.37 a barrel before the opening bell, while Brent moved down 1.6% to $92.73.Iran and Israel reportedly suspended strikes against each other, although Tehran vowed to resume attacks if Israel continues to target Iran-backed Hezbollah in Lebanon. In a social media post, President Donald Trump said both Israel and Iran were "looking to do an immediate ceasefire.""Overall, the situation remains fragile, and for the oil market, the status quo holds: global inventories continue to draw, with analysts increasingly convinced that inventories will reach dangerously low levels by the end of June (if not sooner)," Tudor Pickering Holt Analyst Matt Portillo said in a note.Treasury yields were mixed in premarket action, with the two-year rate retreating 1.1 basis points to 4.15% while the 10-year rate rose 0.6 basis points to 4.56%.Tuesday's economic calendar has the international trade in goods and services report for April at 8:30 am ET, followed by the existing home sales report for May at 10 am. The National Federation of Independent Business small business optimism index posted a 0.6-point decrease for May to 95.3.J.M. Smucker (SJM), SailPoint (SAIL), United Natural Foods (UNFI) and Academy Sports and Outdoors (ASO) report their latest financial results before the bell, among others. Casey's General Stores (CASY) posts earnings after the markets close.Gold slipped 0.1% to $4,359 per troy ounce, while bitcoin fell 1.1% to $62,725.

Dow JonesNasdaq CompositeS&P 500$ASO$CASY$INTC$MU$NVDA$QCOM$SAIL$SJM$UNFI
Asia Markets

US Equity Indexes Mixed Amid Big-Tech Gains as Iran, Israel Halt Strikes After Trump Calls for Ceasefire

US equity indexes were mixed as technology led sector charts, while President Donald Trump's diplomatic efforts to engineer a halt in strikes between Iran and Israel led to a retreat in crude oil prices from intraday highs.The Nasdaq Composite jumped 0.9% to 25,929.66, with the S&P 500 up 0.3% to 7,405.73, but the Dow Jones Industrial Average slipped 0.2% to 50,786.01 on Monday.All but three sectors fell at the close. Utilities, real estate, and materials led the decliners.Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel (INTC) as their backup manufacturer of advanced processors, as Taiwan Semiconductor Manufacturing (TSM) struggles to meet demand, The Information reported Monday, citing four people with direct knowledge of discussions. Intel jumped 11%, one of the top gainers in the S&P 500 and the Nasdaq.Cantor Fitzgerald adjusted its price target for Micron Technology (MU) to $1,500 from $700 while maintaining its overweight rating. Wells Fargo tuned its price objective for Micron to $1,220 from $550 and kept its overweight rating. Shares of Micron were up 9.9%, making it one of the biggest outperformers in the S&P 500 and the Nasdaq.Israel and Iran are "looking to do an immediate CEASEFIRE," CNN cited President Donald Trump as saying, after an overnight exchange of strikes between the two warring countries risked the fragile April truce brokered by the US."Final negotiations on 'Peace' are proceeding, subject to ignorance or stupidity getting in its way," Trump said on Truth Social. "The Blockade will remain in place, and in full force and effect, until a 'Final Deal' is reached. Things should move quickly."Israel has halted attacks on Iran, Israeli Prime Minister Benjamin Netanyahu said, stopping short of acknowledging a ceasefire, CNN reported. Iran has also suspended its operations against Israel, but warned it would resume if strikes in southern Lebanon continue, the news report added.A situation of "no deal, no war" between the US and Iran may not be able to last indefinitely, Thierry Wizman, a global foreign-exchange and rates strategist at Macquarie, said in a note."If a US-Iran deal is not reached - presumably via concessions made by both sides - then the prospect is that a new round of large-scale kinetic warfare will resume," Wizman said in the note. "According to most estimates, operational depletion [for inventories] could be reached in H2."West Texas Intermediate crude oil futures rose 0.8% to $91.25, and Brent crude futures climbed 1.2% to $94.16. Earlier in the session, crude oil futures were up more than 4% each amid reports of an overnight escalation between Iran and Israel.Most US Treasury yields rose, with the 10-year up 2.8 basis points to 4.56% while the two-year leaned slightly higher to 4.17%.In precious metals, gold futures fell 0.3% to $4,351.50, while silver futures declined 1.3% to $68.24.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$INTC$MU$NVDA$TSM
Tech-Heavy Nasdaq Snaps 3-Day Losing Streak
US Markets

Tech-Heavy Nasdaq Snaps 3-Day Losing Streak

The Nasdaq Composite rose Monday following a three-day slump, buoyed by the technology sector's rebound.The tech-heavy Nasdaq Composite rose 0.9% to 25,929.7, while the S&P 500 added 0.3% to 7,405.5. The Dow Jones Industrial Average lost 0.2% to 50,786.01, closing lower for a second consecutive session. Most sectors were in the red, led by utilities, while tech paced the gainers with a 1.5% rise.Chipmaker Intel (INTC) climbed 11%, the top performer on the S&P 500, followed by Micron Technology (MU), which jumped 9.9%. Cisco Systems (CSCO) rose 2.1%, the best performer on the Dow. Nvidia gained 1.7%.The tech sector shed 5.8% on Friday."In our view, volatility in technology stocks is likely to continue, although the (artificial intelligence) investment boom appears robust," D.A. Davidson said in a report on Monday. "We continue to expect a broadening of gains supporting sector diversification in portfolios."Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) have turned to Intel as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand, The Information reported, citing unnamed sources.Taiwan Semiconductor shares were up 2.8%.West Texas Intermediate crude oil was up 0.8% at $91.22 a barrel in Monday late-afternoon trade, while Brent rose 1.2% to $94.22, but both benchmarks were off session highs.Iran and Israel suspended strikes against each other. However, Tehran vowed to resume attacks if Israel continues to target Iran-backed Hezbollah in Lebanon, according to a CNBC report.Israel and Iran were looking for an "immediate" ceasefire, US President Donald Trump said Monday."Overall, the situation remains fragile, and for the oil market, the status quo holds: global inventories continue to draw, with analysts increasingly convinced that inventories will reach dangerously low levels by the end of June (if not sooner)," Tudor Pickering Holt Analyst Matt Portillo said in a note.US Treasury yields were higher, with the 10-year rate last up four basis points at 4.56%, and the two-year rate rising 1.9 basis points to 4.17%.In economic news, US consumers' short-term inflation expectations decreased in May, while the labor market outlook "deteriorated somewhat," a survey by the Federal Reserve Bank of New York showed Monday.Gold was down 0.2% at $4,358.50 per troy ounce, while silver dropped 0.9% to $68.50 per ounce.

Dow JonesNasdaq CompositeS&P 500$CSCO$GOOG$GOOGL$INTC$MU$NVDA$TSM
International

US Equity Markets Mixed After Trump Manages to Keep Ceasefire Intact

US equity indexes were mixed on Monday after technology stocks rose and President Donald Trump managed to keep the Iran ceasefire intact, while negotiations to reach a peace deal with Tehran remain halted.* Consumer expectations for one-year US inflation growth was 3.5% in May, down from 3.6% in April, according to a survey released by the New York Federal Reserve Bank on Monday.* Israel and Iran must immediately stop "shooting," Trump said in a Truth Social post. Israel accepted the US request to halt strikes on Iran but will continue attacks on southern Lebanon, sources told CNN. Iran has suspended its operations on Israel, but warned it would resume if strikes in southern Lebanon continue, the news report said Monday.* July West Texas Intermediate crude oil rose $0.65 to settle at $91.19 per barrel, while August Brent crude, the global benchmark, was last seen up $1.05 at $94.15.* Alphabet's (GOOG, GOOGL) Google and Nvidia (NVDA) turned to Intel (INTC) as a backup manufacturer for their most advanced processors as Taiwan Semiconductor Manufacturing (TSM) struggles to meet overwhelming demand, The Information reported Monday. Intel shares were up roughly 11%, the top gainer on the S&P 500.* Ciena (CIEN) shares were down 5%, the steepest decline on the S&P 500, after the company said it planned a private offering of $2 billion of convertible senior notes due 2031.

Dow JonesNasdaq CompositeS&P 500$CIEN$GOOG$GOOGL$INTC$NVDA$TSM

Showing 1-20 of 252