U.S. memory chip stocks counterattacked, with SK Hynix rising 12% and San Disk rising 6%
On the evening of July 14th, Beijing time, the three major U.S. stock indexes rose across the board. As of 21:50, the Dow Jones Index rose 0.03%, the S&P 500 Index rose 0.25%, and the Nasdaq Composite Index rose 0.54%. AI hardware stocks rose across the board, with the storage sector leading the gains. The Philadelphia Semiconductor Index opened up more than 4%. In terms of popular stocks, SK Hynix's stock price rose by more than 12%, SanDisk rose by 6%, Micron Technology, AMD, Western Digital, and Seagate Technology rose by more than 4%, and Intel rose by nearly 4%.
On the evening of July 14th, Beijing time, the three major U.S. stock indexes rose across the board. As of 21:50, the Dow Jones Index rose 0.03%, the S&P 500 Index rose 0.25%, and the Nasdaq Composite Index rose 0.54%. AI hardware stocks rose across the board, with the storage sector leading the gains. The Philadelphia Semiconductor Index opened up more than 4%. In terms of popular stocks, SK Hynix's stock price rose by more than 12%, SanDisk rose by 6%, Micron Technology, AMD, Western Digital, and Seagate Technology rose by more than 4%, and Intel rose by nearly 4%. IBM's stock price fell by more than 25%, the largest one-day drop since 1987, driving software stocks such as Oracle and Accenture to fall simultaneously. IBM reported preliminary second-quarter sales that were lower than expected, blaming customers for shifting spending toward chips and servers. In terms of commodities and crypto-assets, gold, silver, international oil prices, and cryptocurrencies rose across the board. Gold rose nearly 2% on the day, and was last at $4,080 per ounce. Silver rose more than 2.5% on the day, and was last at $59.1 per ounce. The New York oil futures price was US$80/barrel, an increase of 2.87%, and Brent crude oil was trading at US$86.42/barrel, an increase of 3.75%. Bitcoin was last quoted at US$63,930 per coin, up more than 2% during the day, Ethereum rose nearly 6%, and major currencies such as SOL and Dogecoin followed suit. (