Speaker
Marlee Caden
Appearances over time
1 episodes
Episodes
1
Podcasts
Quotes & moments
The Nasdaq posted the biggest gain of the major indices on the day, driven largely by a semiconductor stock rally.
Micron, SanDisk, and Western Digital each rallied as much as 14.3%, driving the semiconductor-led Nasdaq surge.
Nvidia closed 2% higher as investors rotated back into the AI trade ahead of major big tech earnings.
Nvidia disclosed a 9.3% passive stake in Nebius worth more than $4 billion, owning 22.3 million Class A shares.
Shares of Nebius, the neo-cloud company, surged 18.8% after Nvidia disclosed its $4B+ stake.
Oracle faces reports that it could be required to provide roughly $7 billion in collateral tied to a Wisconsin AI data center project.
Oracle's stock is trading just above its 52-week low as investors weigh the $7B collateral obligation alongside broader balance sheet concerns.
Nvidia's latest $4B+ stake in Nebius follows an earlier $2 billion strategic investment made in March.
The Russell small-cap index gained 1.5% on the day, second only to the Nasdaq among major indices.
The S&P 500 rose 0.9% and the Dow added 0.7%, both lagging the Nasdaq and Russell on the day.
Nvidia disclosed ownership of 22.3 million Class A shares of Nebius, representing a 9.3% passive stake.
Alphabet and Tesla headline tomorrow's after-bell earnings, joined by IBM, ServiceNow, Texas Instruments, GE Vernova, and AT&T. Philip Morris reports before the open — one of the busiest single days of earnings season.
The Nasdaq jumped 1.9%, its biggest gain among major indices, powered almost entirely by a rip in semiconductor stocks. Micron, SanDisk, and Western Digital each surged up to 14.3% as investors rotated back into the AI trade.
Nvidia disclosed a 9.3% passive stake in Nebius worth more than $4 billion — 22.3 million Class A shares. The neo-cloud company's stock surged 18.8% on the news, following a $2 billion strategic investment Nvidia made in March.
Reports say Oracle could be required to post roughly $7 billion in collateral tied to a large AI data center project in Wisconsin. The stock is already trading just above its 52-week low, with investors increasingly worried about Oracle's balance sheet and infrastructure spending.
Every major index closed higher on the day. The Nasdaq led at 1.9%, followed by the Russell at 1.5%, the S&P at 0.9%, and the Dow at 0.7% — a broad risk-on session driven by AI and semiconductor optimism.
Analysis
What they talk about
- Technology 60%
- Business 40%
