From mint · · 1m 10s
Nasdaq Rises 1.28% as SpaceX and Super Micro Boost AI Sentiment
SpaceX and Super Micro Computer's strong AI results lift Nasdaq 1.28% amid tech gains.
In brief
SpaceX and Super Micro Computer's strong AI results lift Nasdaq 1.28% amid tech gains. Nasdaq climbed 1.28% after SpaceX's first profit and Super Micro's AI revenue forecast boosted investor confidence. Originally reported by mint.
Nasdaq Climbs 1.28%
Nasdaq rose 1.28% to 26,762.48 after SpaceX and Super Micro Computer boosted AI investor sentiment.
SpaceX Posts First Profit
SpaceX shares jumped 7% after Elon Musk's rocket company reported its first profit as a public company.
Super Micro Forecasts AI Revenue
Super Micro Computer's quarterly revenue and profit margin beat Wall Street estimates, lifting HPE and Dell shares.
AI Market Sentiment Improves
Investors gained confidence in AI after SpaceX and Super Micro Computer's results signaled resilient demand.
Tech Sector Rebounds
The S&P 500 technology sector rose 1.3%, with chip stocks rebounding as the Nasdaq climbed 1.28%.
Netflix Slips on Forecast
Netflix shares fell 4.5% after issuing a weaker-than-expected fourth-quarter profit forecast.
AT&T Falls Despite Earnings
AT&T dropped 6.3% after beating quarterly estimates despite a selloff in AI-linked stocks.
The big picture
Nasdaq climbed 1.28% after SpaceX's first profit and Super Micro's AI revenue forecast boosted investor confidence.
