Advanced Micro Devices

A rebound in AI stocks boosted the S&P 500 and Nasdaq composite, with Broadcom, Micron Technology, and Advanced Micro Devices among the top gainers. SK Hynix plans a $28 billion U.S. stock offering, while TeraWulf secured a 20-year deal with Anthropic for its Kentucky data center.

U.S. stocks rose as weaker-than-expected job market data reduced pressure on the Federal Reserve to raise interest rates, with the S&P 500, Dow Jones, and Nasdaq all posting gains. The 57,000-job increase in June was below economists' expectations, easing inflation concerns and boosting investor confidence in lower borrowing costs. Chipmakers like Micron Technology saw partial rebounds after prior declines linked to AI market volatility.

Most U.S. stocks rose, but declines in major technology companies like Nvidia and Micron Technology weighed on the S&P 500. General Mills climbed 9.1% after reporting better-than-expected earnings and announcing cost cuts. Treasury yields and oil prices fluctuated amid concerns about inflation and the U.S.-Iran conflict.

Semiconductor stocks surged in mid-2026, with the SOXQ ETF up 99% year-to-date due to AI chip demand. Global semiconductor sales rose 93.9% from April 2025 to April 2026, reaching $110.5 billion, and are projected to hit $1.5 trillion in 2026. Companies like Nvidia, AMD, and TSMC are highlighted as top performers.

Asian shares mostly gained with Japan's Nikkei 225 briefly surpassing 70,000 before trimming gains after the Bank of Japan raised its key interest rate to 1%. The U.S.-Iran deal boosted global markets and oil prices declined, while U.S. AI-related stocks like Micron Technology, AMD, and Nvidia saw significant gains.

Asian shares mostly rose with Japan's Nikkei 225 briefly topping 70,000 before the Bank of Japan raised its key interest rate to 1%, a 25-basis-point hike to its highest level in three decades. The U.S.-Iran tentative deal eased oil prices, while AI-related U.S. stocks like Micron, AMD, and Nvidia surged. Treasury yields declined as lower oil prices reduced pressure on central banks to raise rates.

AI stocks and broader market indices like the S&P 500 and Nasdaq composite experienced sharp declines due to volatility in chipmakers and AI-related companies. Micron Technology, Marvell Technology, and Advanced Micro Devices saw significant drops, while OpenAI and SpaceX announced IPO filings amid market uncertainty.

AI stocks experienced significant declines, dragging major Wall Street indexes like the S&P 500 and Nasdaq lower. Companies such as Micron Technology, Marvell Technology, and Advanced Micro Devices saw sharp drops, while OpenAI and SpaceX announced plans for IPOs. The sell-off overshadowed easing oil prices, which had previously supported market gains.

Wall Street indices fell sharply as AI stocks resumed their sell-off, with the S&P 500 dropping 1.5%, the Dow Jones losing 0.6%, and the Nasdaq declining 2.5%. Companies like Micron Technology, Marvell Technology, and Advanced Micro Devices saw significant losses, while falling oil prices provided some relief to airline stocks.

AMD CEO Lisa Su met with Chinese Vice-Premier He Lifeng, signaling potential relaxation of US chip export restrictions to China. The meeting suggests possible reopening of high-end semiconductor and AI chip sales to select Chinese firms. The discussion focused on welcoming foreign investment and positive outcomes from recent US-China summits.

AMD's earnings need to justify the recent rally after having the best month in 25 years. The company's CEO, Lisa Su, will be closely watched. The rally puts pressure on the company to deliver strong financial results.