U.S. stocks rose across the board, chip stocks exploded! Micron announces $250 billion investment plan

U.S. stocks rose across the board, chip stocks exploded! Micron announces $250 billion investment plan.

On Thursday, July 9, local time, the three major U.S. stock indexes all closed higher, with the Dow Jones Industrial Average rising 0.27%, the S&P 500 Index rising 0.81%, and the Nasdaq Composite Index rising 1.30%. Chip stocks generally rose, with the Philadelphia Semiconductor Index rising 3.06%.

On the news, Micron Technology announced that it plans to invest more than US$250 billion in the United States by 2035. The latest plan is a significant increase from the $200 billion the company announced last June.

In addition, SK Hynix's ADR issuance in the United States this week was oversubscribed by institutional investors more than seven times, highlighting the high enthusiasm of global capital for core companies in the AI supply chain. All three major U.S. stock indexes closed higher On Thursday (July 9) local time, all three major U.S.

stock indexes closed higher. Wind data showed that as of the close, the Dow rose 0.27% to 52,487.41 points, the S&P 500 rose 0.81% to 7,543.64 points, and the Nasdaq rose 1.3% to 26,206.89 points. Most large technology stocks rose, with the Wind Seven U.S. Technology Index rising 0.63%.

In terms of individual stocks, Meta rose by more than 4%, Tesla rose by more than 3%, Amazon rose by more than 1%, Apple rose by nearly 1%, and Microsoft rose by 0.27%; Google-C fell by 0.69%, and Nvidia fell by 0.66%.

On the news, Meta launched its latest flagship model, Muse Spark 1.1, which surpassed the Google Gemini model in multiple test items such as agent capabilities, programming and multi-modality. Meta also launched a paid version for developers for the first time, priced at about a quarter of competing products.

Chip stocks generally rose, with the Philadelphia Semiconductor Index rising 3.06%. In terms of individual stocks, ARM rose more than 9%, Ram Research rose more than 6%, AMD Semiconductor rose more than 5%, Marvel Technology rose nearly 5%, Broadcom rose more than 3%, and Qualcomm rose more than 2%.

Micron Technology closed up 4.52%, with a total market value of US$1.12 trillion. On the news, Micron Technology announced that the company plans to invest more than US$250 billion in the United States by 2035. The latest plan is a significant increase from the $200 billion the company announced last June.

The purpose of this additional investment includes achieving a long-term goal of producing 40% of its DRAM (dynamic random access memory) production in the United States. In addition, it is reported that SK Hynix is about to enter the U.S.

market through the issuance of American Depository Receipts (ADRs) and is expected to raise approximately US$26.5 billion. The issuance received strong demand, with the subscription multiple exceeding seven times the planned 177.9 million ADRs issued.

SK Hynix's shares listed in South Korea have risen by about 700% in the past year, and its valuation is close to its main U.S. competitor Micron Technology. Most Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising 0.56%.

In terms of popular Chinese concept stocks, iQiyi rose by more than 8%, Daqo New Energy rose by more than 3%, WeRide Zhixing rose by more than 3%, Autohome rose by nearly 3%, and Alibaba rose by more than 2%.

The market expects the US-Iran conflict to remain under control According to Xinhua News Agency, as of the close of trading on July 9, local time, 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 market expects that the U.S.-Iran conflict will not escalate further. During the three-week ceasefire, a large amount of crude oil has flowed into the market, forming a short-term surplus. Iran had urgently transported about 11 million barrels of crude oil, which increased the market's available supply in the short term.

The global energy market has adapted to the supply disturbance caused by geopolitical conflicts. If the situation does not escalate further, it will be difficult for oil prices to continue to rise. Huatai Futures believes that U.S. crude oil inventories have stabilized recently and exports have fallen.

Coupled with Russia's tightening of diesel exports and obstruction of shipping in the Middle East, the recovery process of global crude oil supply has been delayed. Short-term supply-side support still exists, but if the conflict eases, supply will gradually recover, and the upside space for oil prices is limited.

The current oil price fluctuations are mainly driven by the situation between the United States and Iran. The market has gradually adapted to the supply disruptions caused by geopolitical conflicts in the Middle East, and the overall resilience is strong.

Goldman Sachs Group said that oil prices have previously fallen from the high point of geo-premium, but they are still not out of the risk premium trading range. If shipping in the Strait of Hormuz is blocked for a long time, oil prices may return to around US$100.

If the situation eases and shipping resumes, oil prices will run stably near the current level.

On the news, according to CCTV News, a reporter from the main station learned on the 9th local time that a US official stated that the United States is still committed to finding a solution to the Iran issue and relevant technical negotiations are still continuing. (

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