The three major U.S. stock indexes closed lower across the board, with semiconductor, storage, and optical communication sectors leading the declines; the Philadelphia Semiconductor Index plunged 4.65%.
According to market data from BIT (bit.com), the U.S. resuming military strikes and oil sanctions against Iran has impacted U.S. stocks, with the three major indices closing lower across the board: the Dow Jones Industrial Average fell 0.25%, the Nasdaq dropped 1.16%, and the S&P 500 declined 0.45%. Semiconductor and storage sectors weakened, with the Philadelphia Semiconductor Index plunging 4.65%, and SpaceX’s stock fell nearly 7% to hit a new low since its IPO. The U.S. storage sector led losses, with Western Digital (WDC) down 7.86%, Seagate Technology (STX) down 4.68%, Micron Technology (MU) down 4.71%, and SanDisk (SNDK) down 7.26%. Semiconductor stocks overall trended lower, with Lam Research (LRCX) down 6.87%, Applied Materials (AMAT) down 6.46%, Marvell Technology (MRVL) down 7.45%, KLA Corporation (KLAC) down 7.22%, AMD (AMD) down 6.51%, and Intel (INTC) down 9.66%. Optical communication concept stocks also faced pressure ahead of trading, with Astera Labs (ALAB) down 11.12%, Ciena (CIEN) down 3.44%, Coherent (COHR) down 6.43%, Lumentum (LITE) down 4.42%, and Corning (GLW) down 4.84%.
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Samsung mass-produces next-generation enterprise-grade SSDs for NVIDIA's Vera Rubin.
Samsung Electronics has begun mass production of its most advanced data center solid-state drive (SSD), which will be deployed in NVIDIA’s upcoming Vera Rubin platform. Dubbed the PM1763 enterprise SSD, it was first unveiled earlier this year at NVIDIA’s GTC conference. Samsung also showcased its next-generation High Bandwidth Memory (HBM4) and low-power SOCAMM2 modules alongside the drive at the event, as part of an end-to-end solution for AI data centers. In a Wednesday statement, Samsung said the PM1763 is equipped with its latest V-NAND flash chips and a newly developed 4nm controller, offering over double the read and write speeds of its predecessor. The PM1763 is engineered to cut data latency for advanced processors and AI accelerators, and features a liquid-cooled thermal design to sustain high performance during AI training and inference workloads.
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TAC plummeted 90% in 15 minutes in the early hours, dropping to approximately $0.0067.
According to market data, TAC Protocol (TAC) has seen extreme price volatility, plunging 90% within 15 minutes early this morning to approximately $0.0067, and is now trading at $0.0044.
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Gold fell below $4,100 per ounce, while WTI and Brent crude oil surged by 5%.
Per Bitget market data, the US-Iran conflict has reignited, sending Brent crude oil surging 5.00% intraday to $75.67 per barrel. WTI crude oil climbed above $72 per barrel, gaining 5.00% on the day. Spot gold dropped below $4,100 per ounce, down 1.54% intraday.
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Iran condemns the U.S. for violating the armistice memorandum, and will take necessary measures to respond.
Iran's Ministry of Foreign Affairs released a statement strongly condemning the U.S. Treasury Department's move to lift the suspension of sanctions on Iran's oil sales, stating that the action "seriously violates" Article 10 of the Islamabad Memorandum of Understanding signed on June 18, and demanding that the U.S. be held accountable for the relevant consequences. Iran noted that less than 20 days after the memorandum was signed, the U.S. revoked the relevant licenses issued on June 21, further proving that the U.S. side is "lacking in good faith, unstable, and untrustworthy." Iran accused the U.S. of violating the memorandum's terms multiple times over the past 20 days, either directly or through its actions in Lebanon via Israel. Iran's Foreign Ministry emphasized that Iran has been fulfilling its commitments under the memorandum in good faith, and if the U.S. continues to breach the agreement, Iran will take all measures it deems necessary to safeguard its national interests and security.
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