"The markets are higher out of the gate, with technology leaders including Nvidia and Oracle leading the way. Traders and investors are looking to Nvidia's earnings report after the bell alongside comments from CEO Jensen Huang to improve market sentiment, which has taken a hit of late, with the Nasdaq Composite clocking declines of 3% over the past month."
"The PHLX Semi Index is gaining 1.83% in today's session, with leaders including Nvidia, AMD and Applied Materials buoying the index. In South Korea, SK Hynix has jumped on the tech capex bandwagon, with reported plans to pour over $15 billion to bolster its chip capacity in the country."
"Fintech and stablecoin company Circle has the wind at its back today, with the stock soaring by a double digit percentage on the heels of its earnings print. While cryptocurrencies are stuck in a rut, rising stablecoin demand has been a positive catalyst."
Stock markets opened with gains across all three major indices, with the Nasdaq Composite up 0.75%, driven by technology leaders including Nvidia and Oracle. Investors await Nvidia's earnings report and CEO Jensen Huang's comments to boost sentiment following a 3% Nasdaq decline over the past month. The semiconductor sector shows particular strength, with the PHLX Semi Index gaining 1.83%, supported by Nvidia, AMD, and Applied Materials. President Trump's State of the Union address emphasized economic prosperity while defending tariff policies despite Supreme Court criticism. In cryptocurrency-related moves, Circle surged on strong earnings driven by stablecoin demand, while Coinbase gained 6.3% following its expansion into stock and ETF trading. SK Hynix announced over $15 billion in chip capacity investments in South Korea.
#stock-market-performance #technology-sector-leadership #semiconductor-industry #cryptocurrency-and-fintech #market-sentiment
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]