A rebound in giant chipmakers lifted stocks as dip buyers emerged on speculation that the artificial-intelligence trade that has powered the bull market has more room to run. Following a selloff in one of Wall Street’s most-crowded bets, a closely watched gauge of semiconductor giants climbed the most since April 2025. The Nasdaq 100 advanced 3.4%. Microsoft Corp. surged 16%, adding roughly $450 billion to its value, the most by any stock in a single day. In late hours, Amazon.com Inc. jumped after its results while Apple Inc. retreated.Large gains occurred in shares that, as of the first quarter, had been top holdings of Situational Awareness, the hedge fund led by former OpenAI researcher Leopold Aschenbrenner that earlier sold a big chunk of its holdings to Citad el after liquidating equities caught up in the AI rout. Bloom Energy Corp., Sandisk Corp. and CoreWeave Inc. each soared more than 20% after falling sharply earlier in the month. Solid consumer spending and business investment signaled underlying strength even as growth moderated in the second quarter. Long-term bond yields kept rising a day after the Federal Reserve held rates steady despite high inflation. Japan carried out a yen-buying intervention and the US conducted a rate check, the Nikkei reported. The recent equity weakness appeared more consistent with a reset in a market that had become overheated than a breakdown in the primary trend, according to Keith Lerner at Truist Advisory Services Inc. Thursday’s rally in chipmakers trimmed their July plunge to 21% — which is still set to be the biggest monthly slide since 2008. Despite the insatiable demand for all things related to AI, the group has been under intense volatility after a massive stock-market run, with lofty expectations leaving little room for disappointment. Elsewhere, oil fell on signs shipping across the Strait of Hormuz has picked up despite hostilities in the Middle East. Short-dated UK government bonds climbed after the Bank of England left rates unchanged and pointed to easing domestic inflationary pressures. US After Hours AMZN +8.9%, AXTI +23.6%, COHU +20.5% higher on earnings; AAPL -6.6%, MYGN -38.9%, MTZ -15.2%, RBLX -14.3%, RDDT -11.8% lower on earnings; KPTI -69% on Phase 3 data.
Nikkei +3.63% Hang Seng -0.27% CSI +1.24% Kospi +18.14% Shanghai +0.85% Shenzen +3.06%
Eur$ 1.1506 CNH 6.7451 CNY 6.7484 JPY 160.72 GBP 1.3444 CHF 0.8073 RUB 79.6821 TRY 47.5149 WTI$ 82.08 Gold 4,07892 -0.79% BTC 64,264 -0.72% ETH 1,904 -0.84%
S&P +0.48% Nasdaq +1.20% EuroStoxx +0.83% FTSE +0.51% Dax +0.66% SMI +0.49%
Macro :
- UEFA to Boycott World Cup If FIFA Sells Stakes in Tournament
- US regulators cite ‘circular’ risk in investments used by KKR and Apollo
- Aschenbrenner Tried to Sell Private Stakes Before Citadel Deal
- China’s Unitree Warns of US Business Risks from FCC Robot Curbs
Keep an eye on :
- ANA SM : Acciona 1H Ebitda Meets Estimates
- ANE SM : Acciona Energia 1H Ebitda Misses Estimates
- ALV GY : Allianz to Terminate Pimco M Unit Plan & Buy M Units
- AMS SM : Amadeus 2Q Adjusted Profit Beats Estimates
- AMZN US : Amazon Gains as AWS Sales Beat Offsets Revenue Outlook
- AAPL US : Apple Slumps on Mixed Results and Weak Forecast: Street Wrap
- ARCA NA : Arcadis Unanimously Rejects Second WSP Global Bid
- AMP IM : Amplifon 2Q Adjusted Ebit Beats Estimates
- AMS SM : Ams-Osram Extends CEO Kamper’s Contract Through Sept 30, 2031
- CS FP : Axa Profit Meets Estimates, Insurer Confident on Outlook
- BRNK GY : Branicks Reaches Restructuring Pact With Creditors
- IAG LN : IAG 2Q Revenue Misses Estimates
- BRNL NA : Brunel 2Q Ebit EU5M Vs. EU0.2M Y/y
- BC IM : Brunello Cucinelli 1H Net Revenue Meets; Raises FY Guidance
- CLNX SM : Cellnex 1H Adjusted Ebitda EU1.69B Vs. EU1.61B Y/y
- CLN SW : Clariant 1H Adjusted Ebitda Beats Estimates
- COFA FP : Coface 2Q Net Income Matches Estimates
- COIN US : Coinbase Posts Loss as Revenue Drops for Third Straight Quarter
- CRBN NA : Corbion Sees FY Adjusted Ebitda Margin Above 16%, Saw About 17%
- COTN SW : Comet Sees FY Sales CHF540M to CHF570M, Est. CHF558.8M (1)
- ATD CN : Couche-Tard to Acquire Stake in Poland’s Żabka for $8.7 Billion, Couche-Tard Offers to Buy Żabka Stake for 32 Zloty/sh
- ACA FP : *CREDIT AGRICOLE 2Q NET INCOME €2.05B, EST. €1.93B
- CVC NA : Roquette in Talks to Sell Minority Stake to CVC: Les Echos
- CyrusOne IPO : CyrusOne Getting Ready to Hire Banks for IPO: Information
- DBVT US : DBV Technologies Announces Sale of Approximately $50 Million of ADSs Through Its At-The-Market (ATM) Program on Nasdaq
- EMN US : Eastman Chemical 2Q Adjusted EPS Beats Estimates
- EDEN FP : Niel’s Rock Investment Raises Stake in Edenred to 8%: AMF
- ENEL IM : Enel Sees Profit at Upper End of Guidance After First-Half Beat
- ENGI FP : Engie Boosts FY Recurring Net Income Forecast
- ENX FP : Euronext Beats as Market Volatility Fueled Equity Trading Unit
- LLY US : Lilly Falls After Cigna Flags Slowing GLP-1 Prescription Growth
- FRVIA FP : Forvia Maintains FY Sales Forecast
- FPE GY : Fuchs 1H Revenue Beats Estimates
- FUR NA : Fugro 2Q Adjusted Ebitda Beats Estimates, Fugro Sees FY Capital Expenditure EU150M, Saw EU150M to EU165M
- GBLB BB : GBL 2Q Net Assets EU13.08B
- GOOGL US : Banks in Talks to Lend $15 Billion for Anthropic Data Center Backed by Google -- WSJ
- GOOGL US : Banks in Talks to Lend $15 Billion for Anthropic Data Center Backed by Google -- WSJ
- HMSO LN : Hammerson Taps Markets For £189 Million to Fund M&A, Hammerson Offering Prices at 355p/Share to Raise £189m, Hammerson Said to Award 80% of Stock Offer to 20 Investors
- HAG GY : Hensoldt Sees FY Revenue About EU2.75B, Est. EU2.76B
- HOLN SW : Holcim FY Organic Sales Forecast Beats Estimates
- IGG LN : IG Group 1H Adj. Pretax Profit GBP291.8M Vs. GBP261.5M Y/y
- INRN SW : Interroll 1H Ebitda Beats Estimates
- IVG IM : Petrus Says Iveco Holders Shouldn’t Back Tata’s €14.10/Shr Offer, Iveco Activist Demands Higher Offer From Tata in Truck Buyout
- LSS FP : Lectra 2Q Revenue Beats Estimates
- LDO IM : Leonardo Raises Outlook After Strong Quarter Under New CEO
- LDO IM : Leonardo 2Q Ebita Beats Estimates; Raises FY Guidance
- LSEG LN : UK’s FCA to Publish Daily Stock-Trading Data Starting Friday
- LSEG LN : UK’s FCA to Publish Daily Stock-Trading Data Starting Friday
- MOVE SW : Medacta 1H Revenue Misses Estimates
- MEL SM : Melia Hotels 1H Net Loss EU7.51M Vs. Profit EU75.4M Y/y
- META US : Meta Reports Almost $700 Billion in Future Spending Commitments
- OMV AV : OMV 2Q Beats Estimates on Surging Profits From Chemicals
- ORA FP : Bpifrance Seeks to Sell €1.1 Billion Stake in Orange
- PIRC IM : Czech Billionaire Strnad Buys 14% Stake in Pirelli From Sinochem
- PROX BB : Proximus 2Q Adjusted Ebitda Meets Estimates
- PUIG SM : Puig Brands ADRs Rise as 1H Net Income Beats Estimates
- RBI AV : Raiffeisen 2Q Net Interest Income Ex Russia Beats Estimates
- RENE PL : REN 1H Net Income EU93.4M Vs. EU65.7M Y/y
- RWY IM : Renaissance Partners, Luccini Family Buy 83% Stake in Reway
- RIVN US : Rivian Narrows Loss While Rolling Out Lower-Cost EV
- SGO FP : Saint-Gobain 1H Operating Income Beats Estimates
- SAN SM : Santander to Launch Tender for Brazil Unit as Stock Drops
- SNBN SW : SNB Returns to Profit as Stocks Rally Offsets Gold Losses
- SHL GY : Siemens Healthineers Gives Mixed Outlook After Tariff Windfall
- SIFG NA : SIF Sees FY Adjusted Ebitda EU95M, Saw at Least EU135M
- MSTR US : Strategy 2Q Loss per Share $24.45 Vs. EPS $32.60 Y/y
- TEP FP : TP 1H Adjusted Ebita Beats Estimates
- TSLA US : Tesla Weighs China Unit Sale Ahead of SpaceX Deal, WSJ Says
- UMG NA : UMG ADRs Decline as 2Q Adjusted Ebitda Misses Estimates
- UMI BB : Umicore Sees FY Adjusted Ebitda Above EU1B, Est. EU993.1M
- UNI SM : Unicaja 2Q Net Income Beats Estimates
- VEON US : Veon 2Q Revenue $1.27B Vs. $1.09B Y/y
- VIRI FP : Viridien 2Q Segment Ebitdas $83M Vs. $108M Y/y
- VU FP : Vusion 2Q Adjusted Sales Meet Estimates
- WDP BB : WDP 1H Adjusted EPS Matches Estimates
- WLN FP : Worldline 1H Adjusted Ebitda Beats Estimates
- XFAB FP : X-Fab 2Q Revenue Above Estimates