SpaceX, Tesla and AI Stocks Rally; AMD Jumps Over 15%

SpaceX shares surged nearly 8% and Tesla gained around 2% in overnight trading after Elon Musk announced a special committee to discuss a potential merger.

AMD shares jumped over 15% after preliminary Q1 FY2027 revenue rose 27%, exceeding expectations.

Lumentum shares climbed more than 5%, while Intel and SK Hynix advanced over 3%.

Marvell Technology and SanDisk gained nearly 3% each.

Micron Technology shares rose more than 2%, extending gains across AI and semiconductor stocks.