Arm Jumps 15% as AI CPU Trade Picks Up
Arm Holdings’ U.S.-traded ADRs jumped Wednesday, with buyers snapping up chip names with ties to artificial intelligence infrastructure.
Arm jumps in premarket on AI chip hopes
Arm Holdings’ shares are near record highs in Thursday’s premarket, after closing up 15% at $256.73 on Wednesday. The British chip designer’s Nasdaq-listed stock jumped as investors bet on more demand for CPUs in AI data centers. Arm hit an intraday high of $259.44.
Dow Jones Rises Past 50,000 Again After Closing Bell
Dow tops 50,000 again as stocks bounce back The Dow Jones Industrial Average closed at 50,005.30 on Wednesday, up 1.30%, after sliding for three sessions on worries about inflation and bonds. The blue chips had ended at 49,363.88 the day before. In the session, the Dow traded as high as 50,013.62, according to market data.
US Stock Market After-Hours Update: Futures Slip as Oil Jumps on Fresh Iran Fighting
U.S. stock futures edged lower in Thursday’s after-hours session, with oil prices surging after the U.S. and Iran traded fire, clouding the month-old Middle East ceasefire. S&P 500 futures slipped roughly 0.2%. U.S. crude futures jumped over 2%, reaching $96.8 a barrel.
Dow Jones Today After The Bell: Dow Drops 313 Points Below 50,000 as Oil Whipsaws Wall Street
The Dow Jones Industrial Average dropped 313.62 points, or 0.6%, finishing at 49,596.97 on Thursday—falling back under the 50,000 mark, as Wall Street retreated from its highs. A shaky session for oil and a selloff in chip stocks didn’t help. The S&P 500 closed down 0.4% to 7,337.11. The Nasdaq Composite eased 0.1% to 25,806.20.
S&P 500 Today: Why Wall Street’s Record Run Stalled After the Bell
Chipmakers like Intel and AMD reversed earlier AI-fueled advances, dragging the S&P 500 down 0.38% to 7,337.11 by the close on Thursday. The Nasdaq slipped 0.13% to 25,806.20, while the Dow finished 0.63% lower at 49,596.97. Of the S&P 500’s 11 sectors, just two were left in positive territory.
US Stock Market After the Bell: S&P 500 Slips From Record as Chip Rally Cracks, Oil Keeps Wall Street on Edge
U.S. stocks finished in the red Thursday. The S&P 500 gave up 0.38% to end at 7,337.11, snapping this week’s record streak after chipmakers stumbled. The Nasdaq slipped 0.13% to 25,806.20. Over in the Dow: down 0.63% to 49,596.97. Intel and AMD both lost about 3%. Arm’s U.S.-listed shares slumped, and the PHLX chip index, tracking semiconductors, dropped 2.7%.
US Stock Market Today After Hours: S&P 500, Nasdaq Hit Records as AMD Pulls AI Trade Higher
Record finishes for both the S&P 500 and Nasdaq on Wednesday, with investors piling into artificial intelligence shares following a bullish outlook from Advanced Micro Devices. Oil prices slid as optimism around a potential U.S.-Iran agreement gained traction. The Dow moved higher as well, sending all three major U.S. indexes up by the close.
Arm Stock Surges Before Earnings as AI Server CPU Bet Faces Wall Street Test
Arm Holdings plc’s U.S. shares jumped $22.58 to hit $231.42 in New York morning trading Wednesday, up roughly 11%, ahead of the British chip designer’s fiscal fourth-quarter report due after the bell. The rally pushed Arm squarely into focus again for the AI-chip trade, which has shifted recently from graphics chips over to server CPUs.
SMH ETF Is Back in the AI Chip Rally. One Risk Still Could Bite Investors
Wednesday morning saw the VanEck Semiconductor ETF jump back into the spotlight as U.S. chipmakers headed higher premarket, buoyed by Advanced Micro Devices’ bullish outlook and a fresh wave of interest in AI-related hardware. SMH traded at $522.69, marking a $16.25 climb from the previous close. Reuters flagged AMD surging almost 18% before the bell, with Intel, Arm, Qualcomm, and Micron also moving up.
QQQ Stock Rises Before the Open as AI Chip Rally Puts Nasdaq Records Back in Play
Invesco QQQ Trust ETF climbed early Wednesday in premarket action, buoyed by a rally in Nasdaq futures following a bullish forecast from Advanced Micro Devices that energized the AI trade. QQQ last traded at $681.61, up roughly 1.3% versus its prior close. Nasdaq 100 futures showed gains ahead of the open.
Arm Holdings Faces Fresh Malaysia Probe Heat Days Before Its Next Earnings Test
Malaysia’s anti-graft agency has called in former economy minister Rafizi Ramli for questions tied to a government chip-design agreement with Arm Holdings plc, throwing fresh political and governance uncertainty over the British semiconductor firm just ahead of its next earnings release. The agency confirmed to Bloomberg on Sunday that Rafizi was summoned as part of its probe into the Arm deal.
OpenAI Target Miss Report Sends Oracle, CoreWeave and AI Stocks Lower
Shares of Oracle and CoreWeave dropped sharply Tuesday, dragging down other AI-related names, after the Wall Street Journal reported OpenAI fell short of its latest revenue and user goals. The miss has rekindled concerns about the ChatGPT developer’s ability to bankroll its data-center expansion.
Dow Jones Today: Why The Dow Is Holding Up While Nasdaq Sinks On AI Worries
The Dow Jones Industrial Average managed a modest gain Tuesday, bucking declines in the S&P 500 and a steeper slide for the Nasdaq as traders moved out of AI stocks and into more stable blue chips. According to LSEG figures cited by Reuters, the Dow closed up 100.62 points, or 0.20%, at 49,268.41. The S&P 500 slipped 0.64%, with the Nasdaq down 1.24%.
Nvidia Stock Today: Why Shares Are Falling After the OpenAI Shock
Nvidia slid 1.8% to $212.78 Tuesday, erasing some of Monday’s rally. The pullback came as traders exited AI names following a report that cast doubt on OpenAI’s user numbers, revenue, and future spending on compute. At its session low, Nvidia hit $208.62, but the chipmaker still held onto a market cap north of $5.2 trillion.
Stock Market Today: Nasdaq Futures Sink as OpenAI Jolt and $110 Oil Threaten Record Rally
Nasdaq 100 futures sagged 1.27% as of 8:04 a.m. ET, with the tech-heavy index under pressure after a report surfaced about OpenAI missing internal goals—AI stocks took the brunt. S&P 500 E-minis slipped 0.68%. Dow E-minis edged higher, up 0.17%. Oil climbing past $110 a barrel on Middle East supply fears added to the unease. “Putting pressure on the Nasdaq and on the S&P,” said Art Hogan, chief market strategist at B Riley Wealth.
US Stock Market Today: Futures Slip as $110 Oil and AI Jitters Test Wall Street’s Record Run
Stock futures in the U.S. slipped early Tuesday, with tech names seeing the heaviest selling. Higher oil prices and renewed jitters around the artificial intelligence rally put the brakes on Wall Street’s latest record streak. The Nasdaq 100 futures lost 0.7% recently; S&P 500 futures dropped 0.3%. Dow futures bucked the trend, pointing 0.3% higher. Futures contracts offer a look at where the indexes might open.
S&P 500’s April Rally Has One Big Catch as Big Tech Earnings Loom
Stocks in the U.S. edged lower Monday, pulling back after last week's run to record highs and a sharp rally through April. Oil prices ticked up. Investors mostly hesitated ahead of a packed week featuring earnings from the big tech names and the upcoming Fed decision. By 11:04 a.m. ET, the S&P 500 had slipped 0.17% to 7,153.03. “The market was trying to hold on to its gains,” noted Phil Blancato, chief market strategist at Osaic Wealth, as traders waited for fresh data.
US Stock Market This Week: S&P 500, Nasdaq Hit Records as Intel Sparks AI Rally
The S&P 500 and Nasdaq both notched fresh record closes this week, thanks to a late-session surge in chip stocks after Intel’s upbeat forecast rekindled enthusiasm for the artificial-intelligence sector. The Dow lost ground, so beneath the surface, the rally was less broad than the headline highs implied.
US Stock Market Today: Nasdaq Hits Record as Intel AI Rally Outruns Dow
Tech stocks pushed the Nasdaq Composite to a new intraday high Friday after Intel’s outlook triggered another round of gains for chipmakers. The S&P 500 climbed as well, but the Dow Jones Industrial Average trailed behind, so gains didn’t reach every corner of the market.
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