Nasdaq Futures Rise on Chips, Traders Wary After Iran Shock

Nasdaq futures moved higher Thursday, lifted by gains in chip stocks. Dow futures slipped as IBM and Microsoft dropped, with traders also watching new U.S.-Iran fighting, choppy oil, and a Fed still talking tough on inflation.

Alibaba Group (NYSE:BABA; HKG:9988) rally faces AI cloud optimism, cash issues

Alibaba Group (NYSE:BABA; HKG:9988) rally faces AI cloud optimism, cash issues

Alibaba Group Holding Limited is working off two sessions right now. Hong Kong is finished for the day, New York is still trading. Hong Kong shares closed at HK$107.50, up 12.21%, with 282.13 million shares traded, nearly triple the usual volume. The ADR was at $108.75 as of 11:46 a.m. ET, higher by $10.61 from the last close. The jump is big, but the ADR is still 44% from its 52-week high of $192.67.
Apple (NASDAQ:AAPL), Broadcom (NASDAQ:AVGO) $30 billion U.S. chip deal puts $2-per-chip math in focus

Apple (NASDAQ:AAPL), Broadcom (NASDAQ:AVGO) $30 billion U.S. chip deal puts $2-per-chip math in focus

Apple will spend more than $30 billion with Broadcom under a U.S. chip supply deal that gives investors a clearer dollar figure on a supplier relationship that had been hard to size. The contract is expected to produce more than 15 billion U.S.-made chips and support Broadcom’s $1.5 billion expansion in Fort Collins, Colorado, Apple said.
DigitalOcean (NYSE:DOCN) pops as AI cloud trade shifts on new backlog math

DigitalOcean (NYSE:DOCN) pops as AI cloud trade shifts on new backlog math

DigitalOcean Holdings, Inc. climbed 9.3% to $143.64 Wednesday afternoon after the company forecasted its Q2 remaining performance obligations topping $800 million. That puts focus on backlog and capacity instead of just stronger AI revenue. Shares touched $157.99 at their high and 3.28 million shares changed hands as of 1:50 p.m. EDT, valuing DigitalOcean near $16.1 billion.
Palantir (NASDAQ:PLTR) stock trades at 43 times sales as holiday week begins

Palantir (NASDAQ:PLTR) edges higher after Mexico insurer deal

Palantir Technologies Inc. moved up late Tuesday morning as the company said Grupo Nacional Provincial, or GNP Seguros, is its first announced commercial customer in Latin America. The news gave Palantir its first non-U.S. commercial reference on a day tech stocks traded down. Nasdaq was open for a normal session. Nasdaq’s 2026 holiday schedule puts the July Independence Day closure on July 3, with regular hours at 9:30 a.m. to 4 p.m. Eastern.
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US Stock Market Today Updates

AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 Strong buy

Alphabet

NASDAQ:GOOGL 92/100 • ★★★★½
#2 Strong buy

Taiwan Semiconductor Manufacturing

NYSE:TSM 89/100 • ★★★★½
#3 Buy

S&P Global

NYSE:SPGI 88/100 • ★★★★
#4 Buy on weakness

Amazon

NASDAQ:AMZN 86/100 • ★★★★
#5 Buy on weakness

Microsoft

NASDAQ:MSFT 84/100 • ★★★★
View full portfolio
Editorial model selection. Not personalised advice.
MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Chicago Fed National Activity Index

A surprise around the 0.10 forecast could shift the morning growth narrative and influence Treasury yields and the dollar before the opening bell.

#2

PDD Holdings earnings

The day’s largest scheduled equity report can move PDD and the broader China-internet / e-commerce complex through revenue growth, margins and Temu commentary.

#3

XPeng earnings

Deliveries, margin progression and spending on AI-enabled mobility can affect U.S.-traded Chinese EV names and related technology suppliers.

View full calendar
Times and estimates may change. Verify before trading.