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XLK News30 articles
Dow Climbs 500 Points on Oil Drop and AI Surge, Blue-Chips Rebound
The Dow Jones surged 500 points Wednesday, buoyed by sliding oil prices and a rally in AI stocks led by AMD, pushing blue-chips higher.
AMD's AI Boom Ignites QQQ Surge as Nasdaq Eyes New Highs
Invesco QQQ Trust ETF advanced 1.3% in premarket trading Wednesday, lifted by AMD's strong quarterly results and robust AI demand, putting Nasdaq records back in play.
Lam Research Hits Record High on AI Chip Demand Despite China Risks
Lam Research shares surged over 7% to a record high on AI-driven demand and a Buy rating from Seaport Global, though China export risks persist.
SEALSQ Shares Surge on Heavy Options Activity Ahead of Shareholder Vote
SEALSQ Corp shares climbed 5% to $3.015 on heavy call option volume ahead of its May 7 shareholder meeting. Preliminary Q1 revenue tripled to $4.1 million.
ASML Shares Dip Amid AI Optimism and China Export Concerns
ASML's U.S. shares slipped 0.83% as a strong 2026 outlook clashes with China export worries. Q1 sales hit €8.8B.
Hormuz Crisis Looms Over Oil Markets as Physical Prices Surge
Brent crude slipped to $108.17 on Friday after Iran proposed talks, but the Strait of Hormuz remains disrupted, and physical crude grades trade near $130, signaling further price spikes ahead.
Tech Giants' Earnings Propel QQQ Gains
The Invesco QQQ Trust closed up $3.99 to $661.57 Wednesday as investors positioned for megacap tech earnings from Microsoft, Alphabet, Amazon, and Meta, which showed strong AI-driven growth.
Dow Drops for Fifth Straight Session as Oil Surge, Fed Decision Loom
The Dow Jones Industrial Average fell 320 points as traders braced for the Fed's rate decision, big tech earnings, and an oil shock from a potential Iran blockade.
Nexera Shares Surge on Gulf Fuel-Tank Security Deal
Nexera Technologies' shares soared 229% after its KeepZone AI unit secured authorization to market fuel-tank protection systems in the Gulf, marking a key step in its shift from retail to security.
Interstellar Comet 3I/ATLAS Bears Water Signature from Frigid Exoplanetary System
ALMA measurements of deuterated water in interstellar comet 3I/ATLAS show a D/H ratio over 40 times Earth's oceans, indicating origin in a far colder system.
Nokia Stock Surges on AI Data Center Demand, Analyst Upgrades
Nokia shares gained 3.69% in Helsinki after Q1 earnings beat and multiple analyst upgrades, driven by a 49% surge in AI and cloud sales and a raised 2026 growth target.
Dow Underperforms as Oil Surge, Fed, and Tech Earnings Loom
The Dow Jones Industrial Average slipped last week as oil prices climbed and investors await key earnings, the Fed decision, and economic data.
Infleqtion Under Pressure After Major Share Distribution by LCP Funds
Infleqtion shares dropped 5% after LCP Quantum-linked funds distributed over 30.5 million shares, removing their 10% owner status. The quantum tech firm reported $32.5M revenue and $35.3M loss.
Nokia Surges to 16-Year Peak on AI Cloud Order Boom
Nokia shares soared to a 16-year high as first-quarter profit beat estimates, fueled by a 49% surge in AI and cloud customer sales and €1 billion in new orders.
Asian Markets Retreat from Peaks as Oil Surges Past $103, Nikkei Fails to Hold 60,000
Asian equities pulled back from all-time highs as oil surged past $103 a barrel on renewed Strait of Hormuz tensions. Japan's Nikkei slipped 0.75% after briefly topping 60,000.
Tesla's Cash Flow Triumph Outshines Revenue Shortfall in Q1
Tesla's first-quarter free cash flow of $1.44 billion impressed investors, overshadowing a revenue miss and sending shares higher after hours. The company is amassing cash to fund its ambitious AI and autonomous driving initiatives.
ASML Confirms Capacity to Meet 2026 AI Chip Demand, Cites China and Tech Adoption Risks
ASML's CEO assured investors the company will not constrain the global chip industry's ability to meet AI-driven demand in 2026, following significant capacity investments. The company raised its 2026 sales outlook to €36-40 billion, though it flagged persistent risks from geopolitics and the adoption of its newest, costlier machines.
AMD Surges on Stifel Target Hike to $320, Eyes May Earnings
AMD shares climbed 6% to $302.24 after Stifel increased its price target to $320, maintaining a Buy rating. The chipmaker's stock now trades less than 6% below that target.
Microsoft's AI Spending Under Scrutiny Ahead of Q3 Earnings
Microsoft shares advanced 1.7% to $431.31 as Wall Street anticipates the company's upcoming earnings report, with particular attention on Azure performance and AI infrastructure investments. Bank of America reiterated its buy rating and $500 price target.
Tech Stocks Drive Market Gains Amid Ceasefire Relief and Earnings Strength
U.S. stocks climbed Wednesday, with the Nasdaq leading gains as technology shares rallied following an extended Iran ceasefire and a wave of corporate earnings. Oil prices remained elevated near $100 a barrel.
Uber's Lucid Stake Signals Major Robotaxi Ambitions
Uber Technologies has taken a significant 11.5% passive stake in Lucid Group, solidifying a major robotaxi supply agreement. The partnership includes a $500 million investment and an order for at least 35,000 autonomous vehicles.
Vanguard Executes Major ETF Share Splits, Lowers Entry Points for Key Funds
Vanguard has completed share splits for five of its prominent equity ETFs, significantly lowering individual share prices. The strategic move aims to improve trading dynamics without altering the underlying portfolio value or composition.
HCLTech Plunge Triggers IT Rout, Drags Sensex and Nifty Lower
Indian equity benchmarks snapped a three-day winning streak as HCLTech's disappointing growth forecast triggered a sharp selloff in IT stocks, with the Nifty 50 closing below 24,500.
Vertiv Q1 Surges on AI Demand, Lifts 2026 View; Stock Dips on In-Line Q2 Guide
Vertiv posted a strong first quarter with sales up 30% and raised its full-year and 2026 guidance, driven by robust demand for AI infrastructure. However, its stock edged lower as the second-quarter outlook aligned with analyst projections.
Markets Navigate Geopolitics and Earnings as Tech Defies Broader Weakness
Indian markets declined sharply as HCL Technologies led an IT sector sell-off, while U.S. technology stocks showed resilience despite geopolitical tensions. Key earnings reports from Nasdaq and East West Bancorp are in focus.
Geopolitical Jitters Sink Stocks, Oil Surges on Iran Talks
Wall Street ended Tuesday in negative territory as renewed Middle East tensions sent crude prices soaring, reversing an earnings-driven rally. The S&P 500, Nasdaq, and Dow all fell roughly 0.6%.
Nokia's Q1 Report to Showcase AI Strategy Amid Market Challenges
Nokia is set to release its first-quarter results, with analysts forecasting an adjusted operating profit of €253 million. The report will debut a new financial structure and highlight the company's recent AI infrastructure partnerships.
Stocks Retreat as Oil Surge, Fed Jitters Undercut Rally
Major U.S. equity indices turned lower Tuesday afternoon, surrendering morning advances as climbing crude prices and bond yields introduced fresh uncertainty. The S&P 500 declined 0.32% to 7,086.48.
Nasdaq Futures Edge Higher Amid AI Deals, Leadership Shifts
U.S. stock futures advanced Tuesday, led by tech, as investors balanced AI sector momentum against geopolitical concerns and awaited key economic data.
Meta's Q1 Earnings to Gauge AI Investment Payoff Amid Rising Costs
Meta Platforms will announce first-quarter financial results on April 29, as investors assess whether advertising gains can sustain the company's aggressive artificial intelligence investments.