MARKETS

Thermo Fisher Scientific's shares surged after reporting strong Q2 results, surpassing expectations and raising full-year guidance, indicating a recovery in the life sciences sector.

LeBron James' free agency has triggered a $245 million surge in prediction-market trading after a Miami Heat video was mistakenly published, highlighting the growing influence of sports markets.

SK Hynix's shares continue to climb following its record-breaking Nasdaq debut, driven by increased AI infrastructure spending and strong demand for high-bandwidth memory chips.

Cleveland-Cliffs shares jumped over 20% following a better-than-expected earnings report and a new $400 million defense contract, signalling potential recovery after recent stock declines.

NovoCure's shares jumped 25% following record quarterly revenue and an improved financial outlook, marking a recovery from earlier setbacks, including a failed clinical trial and insider share sales.

U.S. stocks fell sharply as investors reacted to major tech earnings, with concerns over AI spending overshadowing solid results. Rising oil prices and bond yields added to market pressures.

Asustek Computer's stock has surged due to high demand for AI servers and PCs, with strategic partnerships boosting growth. The company aims for significant expansion in AI infrastructure and robotics.

Dell Technologies' shares jumped over 10% following Super Micro's strong earnings update, boosting confidence in the AI infrastructure sector. Dell's AI positioning and partnerships continue to drive growth.

The VIX index rose slightly as investors anticipate tech earnings and assess geopolitical risks, indicating cautious sentiment despite historically low volatility levels.

The Dow Jones Industrial Average opened modestly higher Wednesday morning, building on the previous session's gains as investors braced for closely watched earnings reports from Alphabet and Tesla after the market close, while rising oil prices and ongoing tariff developments remained in focus.

South Korea's KOSPI index briefly surpassed 7,000 points before retreating due to profit-taking and geopolitical tensions. Foreign investors drove gains, while domestic investors sold off.

AMD shares jumped 8.04% as investors reacted to an expanded Microsoft partnership and anticipated the Advancing AI 2026 event, highlighting AMD's strategic moves in AI and semiconductor sectors.

Aehr Test Systems' stock surged 25.70% due to strong AI chip demand and impressive fiscal results, with a 320%-420% increase in 2026. The company projects continued growth in AI and semiconductor markets.

Samsung Electronics shares surged 6.15% as South Korean semiconductor stocks rebounded, driven by bargain hunters and strong export data, following a sharp selloff linked to AI valuation concerns.

Micron Technology's stock surged nearly 8% due to strong demand for AI memory chips, reinforcing its growth narrative. Despite recent volatility, analysts remain bullish with high price targets.

The Dow Jones climbed as semiconductor stocks rebounded, driven by easing U.S.-Iran tensions and anticipation of major tech earnings. Investor focus shifts to forward guidance amid market volatility.

Moonshot AI's Kimi K3 model has disrupted global markets, challenging assumptions about AI infrastructure and sparking volatility among tech stocks, while boosting Chinese semiconductor and memory suppliers.

South Korea's KOSPI index surged 3.56% as semiconductor stocks rebounded, supported by strong export data and easing geopolitical tensions, following a two-day losing streak.

The FTSE 100 index remained stable as global tech stocks rebounded, offsetting weak UK employment data. New PM Andy Burnham's cost-of-living measures and geopolitical tensions also influenced market sentiment.

Huawei dominated the foldable smartphone market in Q2 2026 with a 48% share, surpassing Samsung. Despite Samsung's growth, Huawei's stronghold in China and new models drove its success.

Nvidia's stock struggles amid rising competition from Chinese AI developers and internal chip development by major customers, despite strong AI demand and strategic global partnerships.

Cipher Digital's stock rose 14.41% as it nears a key AWS milestone, reflecting its shift towards AI infrastructure and long-term revenue stability, despite ongoing market volatility and regulatory challenges.

SpaceX shares have dropped nearly 23% since their IPO, with investor concerns over growth, capital needs, and operational setbacks contributing to the decline. Analysts remain optimistic about long-term prospects.

SK Hynix's Nasdaq debut marked a record-breaking U.S. share sale, reflecting its dominance in the AI memory chip market. Despite initial volatility, its ADRs remain a key indicator of sector health.

The Nasdaq Composite rose 0.59% as semiconductor stocks rebounded. Investors focus on upcoming Big Tech earnings and AI infrastructure spending amid ongoing U.S.-Iran tensions affecting oil prices.

GameStop's stock dipped as CEO Ryan Cohen pursues a contested bid to acquire eBay, despite rejection. Shareholders approved measures to facilitate the acquisition, marking a strategic shift for GameStop.

Micron Technology's stock rebounds 3.42% amid AI-driven memory demand, record earnings, and strategic partnerships, despite recent volatility in the semiconductor sector.

The Dow Jones remained stable as investors balanced easing oil prices with tech sector volatility amid geopolitical tensions and a crucial earnings week.

Shanghai's stock market stabilised after a sharp selloff in tech shares, driven by global AI valuation concerns and upcoming major IPOs. Investors remain cautious amid geopolitical tensions and market volatility.