U.S. semiconductor stocks exploded collectively! San Disk rose 7%, Western Digital rose 5%, and Micron rose 4%
[Dahe Finance Cube News] On July 9, local time, the three major U.S. stock indexes closed higher across the board. The Dow rose 0.27%, the S&P 500 rose 0.81%, and the Nasdaq rose 1.3%. Analysts said that the recovery in market sentiment stems from solid U.S. employment data, stabilizing Fed policy expectations, and AI-driven giants such as Micron Technology increasing investment in local chips and strategic cooperation, boosting expectations for the long-term prospects of the technology sector and promoting a rebound in risk appetite. Large technology stocks were mostly higher.
[Dahe Finance Cube News] On July 9, local time, the three major U.S. stock indexes closed higher across the board. The Dow rose 0.27%, the S&P 500 rose 0.81%, and the Nasdaq rose 1.3%. Analysts said that the recovery in market sentiment stems from solid U.S. employment data, stabilizing Fed policy expectations, and AI-driven giants such as Micron Technology increasing investment in local chips and strategic cooperation, boosting expectations for the long-term prospects of the technology sector and promoting a rebound in risk appetite. Large technology stocks were mostly higher. In terms of the seven giants, Facebook rose by more than 4%, Tesla rose by more than 3%, Amazon rose by more than 1%, Apple rose by nearly 1%, Microsoft rose by 0.27%, Google fell by 0.84%, and Nvidia fell by 0.66%. Micron Technology announced plans to increase its total investment in the United States to more than $250 billion by 2035. This is due to the surge in memory demand in the artificial intelligence era. The company aims to increase the proportion of U.S. production capacity in its total DRAM production to 40%. The subscription multiple for SK Hynix's U.S. listing exceeded 7 times, and the double benefits boosted the entire AI industry chain. The Philadelphia Semiconductor Index rose 3.06%, with 28 of the 30 constituent stocks in the red. SanDisk rose more than 7%, Western Digital rose more than 5%, Micron Technology and Dell Technologies rose more than 4%, and Seagate Technology rose more than 3%. Among them, Micron Technology once rose by more than 9% during the session. Chinese assets performed outstandingly. The Nasdaq China Golden Dragon Index closed up 0.56%. Most popular Chinese concept stocks rose. iQiyi rose by more than 8%, Alibaba rose by nearly 2%, Pinduoduo rose by more than 1%, and Xpeng Group fell by more than 2%. International oil prices fell significantly. As of the close of the day, the price of light crude oil futures for August delivery on the New York Mercantile Exchange fell by US$1.44 to close at US$72.08 per barrel, a decrease of 1.96%; the price of London Brent crude oil futures for September delivery fell by US$1.72 to close at US$76.30 per barrel, a decrease of 2.2%. The Iranian military said on the 9th local time that it had attacked multiple US military bases. The U.S. Central Command announced on social media on the 8th Eastern Time that the U.S. military carried out another round of strikes against Iran that day. This is the second consecutive day that the US military has launched military strikes against Iran in response to Iran's recent attack on merchant ships in the Strait of Hormuz. The United States carried out so-called asymmetric strikes against Iran, and Iran retaliated based on the principle of reciprocity. The possibility of further expansion and escalation of the war between the United States and Iran still exists. Meanwhile, sources said Pakistan and Qatar had established new contacts with the United States and Iran to halt military attacks. Spot gold rose 1.14% to US$4,123.82 per ounce. Spot silver rose 2.85% to US$59.96 per ounce. [Dahe Finance Cube comprehensive CCTV news, Xinhua Finance, Wind] (