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By Noel Randewich and Ragini Mathur July 9 (Reuters) - The Nasdaq ended sharply higher on Thursday, as Micron Technology fueled a rally in chip stocks that eclipsed fears that renewed U.S. and Iranian attacks might prolong the Middle East conflict and fuel inflation.
Stock futures edged higher Thursday as investors took in stride the latest U.S. and Iran military attacks. Nasdaq 100 and S&P 500 futures were up 0.6% and 0.2%, respectively, whil
If memory and AI chip production is expanding (MU capex + Meta in-house AI chip + broader semiconductor rally), the second-order beneficiary is the equipment used to build and upgrade those fabs. AMAT tends to capture that spend cycle even when individual chip makers swing on near-term pricing.
By Ragini Mathur and Avinash P July 9 (Reuters) - Wall Street's main indexes were on track to open higher on Thursday, as gains in chip stocks helped offset renewed geopolitical jitters after fresh exchange of attacks threatened to prolong the U.
Shares of memory and AI-related stocks slowly recovered on Wednesday after yesterday's sell-off and despite escalating tensions between the U.S. and Iran.
The Iran war may be over, but southern Lebanon is likely to remain a battlefield and a bargaining chip in regional negotiations.
The S&P 500 and Nasdaq opened higher, supported by gains in chip stocks, even as escalating US-Iran tensions kept sentiment cautious. The Dow Jones fell at the opening bell, reflecting geopolitical uncertainty and concerns that prolonged conflict could trigger further volatility in global markets.
