Woke up to nothing but good news
1) SpaceX reported earnings: third-quarter net profit was $4.4 billion, far above expectations, and its stock surged 8%.
2) Super Micro Computer preliminarily estimates first-quarter fiscal-year net sales at $18.5 billion to $19.5 billion, versus market expectations of $14.99 billion. Its shares rose more than 15% after hours.
3) Two positive developments sent U.S. AI stocks soaring. Dell Technologies rose more than 5%; CoreWeave and Nebius gained 3%; and Micron, Nvidia, SK Hynix, Intel, and Sandisk rose more than 2%.
4) South Korean and Japanese stocks opened higher. South Korea’s KOSPI rose 2.05%, while the Nikkei 225 opened up 1.26%.
Broad-market funds saw volume jump by 80 billion+ + three giants meeting + a sharp rally in the sector’s top leader + a late-session 20-billion buying spree yesterday + improving overseas markets…
5) Crypto markets rebounded, with Bitcoin rising to around 83,000.
1) SpaceX reported earnings: third-quarter net profit was $4.4 billion, far above expectations, and its stock surged 8%.
2) Super Micro Computer preliminarily estimates first-quarter fiscal-year net sales at $18.5 billion to $19.5 billion, versus market expectations of $14.99 billion. Its shares rose more than 15% after hours.
3) Two positive developments sent U.S. AI stocks soaring. Dell Technologies rose more than 5%; CoreWeave and Nebius gained 3%; and Micron, Nvidia, SK Hynix, Intel, and Sandisk rose more than 2%.
4) South Korean and Japanese stocks opened higher. South Korea’s KOSPI rose 2.05%, while the Nikkei 225 opened up 1.26%.
Broad-market funds saw volume jump by 80 billion+ + three giants meeting + a sharp rally in the sector’s top leader + a late-session 20-billion buying spree yesterday + improving overseas markets…
5) Crypto markets rebounded, with Bitcoin rising to around 83,000.