U.S. stocks opened slightly higher, with Micron rising more than 6%, Meta down 3.4%, and the storage and CPO sectors seeing broad-based rebounds.
1 hours ago
U.S. stocks opened, with the Dow Jones Industrial Average up 0.08%, the S&P 500 rising 0.2%, and the Nasdaq climbing 0.2%. According to market data from BIT (bit.com), Micron Technology jumped over 6% as the company plans to expand its U.S. investment scale to more than $250 billion by 2035. Qualcomm gained 1.9%, while Meta fell 3.4%—the company is set to start production of an AI chip in September. Memory stocks rallied broadly: STX rose 6.77%, WDC climbed 7.02%, and SanDisk advanced 4.93%. CPO concept stocks also saw a sharp rebound, with AAOI up 5.81% and LITE gaining 7.97%. AI equipment manufacturing stocks also performed strongly, with LRCX jumping 10.76% and AMAT rising 9.87%. Among other key heavyweight stocks, Nvidia edged down 0.11%, while SPCX gained 1.47%.
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