Nasdaq Ends Sharply Higher; Chip Surge Offsets Iran Worries
Micron jumped 4.5% after unveiling more than $250 billion in U.S. investment plans, helping tech shares outweigh renewed Middle East conflict fears.
- The Nasdaq ended sharply higher on Thursday, as Micron Technology fueled a chip stock rally that eclipsed fears renewed US and Iranian attacks might prolong the Middle East conflict and fuel inflation.
- Micron Technology jumped 4.5 per cent after announcing plans to invest more than US$250 billion in the US through 2035 to benefit from surging demand for memory chips powering artificial intelligence.
- Applied Materials climbed 3.2 per cent and Sandisk surged 7.6 per cent, while PepsiCo fell 3.3 per cent despite beating revenue estimates; the S&P 500 remains down less than 1 per cent from its June 2 record high close.
- Ross Mayfield, investment strategy analyst at Baird, noted the AI bull market remains contingent on stable oil prices, as unemployment claims fell last week and traders price in a potential December rate hike.
- Following US strikes on July 8, Tehran claimed it struck US military targets in Kuwait, Qatar, and Bahrain, highlighting geopolitical volatility challenging Wall Street's record-setting 2026 performance.
21 Articles
21 Articles
Montana Standard
Nasdaq ends sharply higher; chip surge offsets Iran worries
The Nasdaq ended sharply higher 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.
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Nasdaq Climbs More Than 300 Points As Micron Leads Chip Stock Rally
The Nasdaq rose sharply Thursday as gains in Micron Technology and other semiconductor stocks outweighed investor concerns over renewed U.S.-Iran attacks and inflation risks tied ... The post Nasdaq Climbs More Than 300 Points As Micron Leads Chip Stock Rally first appeared on [your]NEWS.
The Nasdaq 100 index, with strong presence of technology companies, rose 1.3%, a key indicator of chip manufacturers advanced 5%
Nasdaq Futures Rise on Chips, Traders Wary After Iran Shock
New York, July 9, 2026, 09:02 EDT Nasdaq futures moved higher Thursday, lifted by gains in chip stocks. Dow futures slipped as IBM and Microsoft dropped, with traders also watching new U.S.-Iran fighting, choppy oil, and a Fed still talking tough on inflation. The cash market hadn’t opened yet. NYSE’s main trading session is 9:30…
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