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Wall Street Surges: Dow Jumps 930 Points on Tech Rebound and Geopolitical Easing
U.S. stocks posted their strongest session in months on Thursday, with the Dow soaring 930 points, driven by a tech rebound and easing geopolitical risks. Chip stocks led gains, while Adobe dropped after CFO departure.
PATH Stock Slides Despite Strong Q1, Analyst Caution Persists
UiPath shares dropped 0.84% to $10.65 on June 11, underperforming a surging tech market, despite strong Q1 revenue growth and first-time GAAP profitability.
Keel Infrastructure Rallies on Closing $458M AI Data Center Financing
Keel Infrastructure Corp. shares surged 5.14% after closing $458 million in convertible notes to accelerate AI and high-performance computing data center projects.
Rocket Lab Stock Rides SpaceX IPO Wave, Analyst Stays Neutral
Rocket Lab shares jumped 9.26% to $114.78 as SpaceX IPO speculation reignites interest in space stocks, even as KGI Securities initiates coverage with a Neutral rating and $105 target.
Lennar Stock Drops on Lowered Outlook Despite Earnings Beat
Lennar beat adjusted EPS estimates but cut its 2026 delivery target and issued weaker-than-expected Q3 guidance, sending shares lower after hours.
AST SpaceMobile Soars on Confirmed BlueBird Launch Date
AST SpaceMobile shares jumped 11.73% to $97.56 after confirming BlueBird satellites 8, 9, and 10 will launch June 17, targeting higher data speeds and expanding its satellite-to-smartphone broadband network.
Sandisk Hits Record High on AI Memory Boom, Soars 14.5%
Sandisk shares jumped 14.5% to a 52-week high of $1,895.00, fueled by a 251% year-over-year revenue surge and strong guidance for Q4 revenue of $7.75-$8.25 billion.
Marvell Technology Surges 11% on S&P 500 Inclusion, CFO Change, AI Growth
Marvell Technology shares soared 11% as the company announced a CFO change, reaffirmed Q2 outlook, and highlighted its upcoming S&P 500 inclusion and booming AI data-center revenue.
Micron Jumps 12% as AI Memory Optimism Returns Ahead of Earnings
Micron Technology soared 11.66% to $995.87, boosting its market cap to $1.14 trillion, as analyst upgrades and AI memory pricing hopes fueled a rebound ahead of June 24 earnings.
Super Micro Shares Surge 9% After $7 Billion AI Server Financing
Super Micro shares rose 9.2% to $31.97 after pricing $7 billion in equity and equity-linked offerings to fund components for about $39 billion in AI server orders, though the company warned these orders are not firm commitments.