Dow Futures fell 0.02%, S&P 500 Futures rose 0.09%, Nasdaq Futures rose 0.42%, reflecting a cautiously risk-on tone.

Atlassian Corporation PLC (TEAM) jumped 31.75%. Results beat expectations and guidance topped.

Cloudflare, Inc. surged 16.55%. Earnings beat and outlook was raised.

Microchip Technology (MCHP) rallied 10.05%. A beat and above-consensus guidance lifted shares.

First Solar rallied 9.20%. EPS topped forecasts as U.S. polysilicon tariffs supported domestic makers.

T1 ENERGY INC advanced 8.47%. A 641MW module order and strong revenue guide supported sentiment.

Airbnb, Inc. climbed 8.34%. Q2 beat and higher full-year and Q3 revenue guidance.

Lumentum gained 3.79%. AI optical demand optimism and an upcoming report buoyed the stock.

Coherent added 3.38%. A photonics ETF debut and policy headlines aided the group.

NEBIUS rose 2.83%. Options activity suggested capped upside and downside support.

Corning rose 2.62%. Large bear call spread activity suggested restrained upside.

Western Digital increased 1.82%. A sizable long-dated short put signaled confidence.

Micron Technology (MU) ticked up 1.65%. OTM call selling indicated capped upside.

Marvell Technology (MRVL) ticked up 1.54%. Heavy call sales signaled expectations for limited gains.

ARM Holdings rose 1.16%. A bearish call spread implied limited upside.

Trade Desk Inc. tumbled 23.88%. Q2 missed on revenue and EPS, and Q3 guide lagged.

Chip stocks rose, with Direxion Daily Semiconductors Bull 3x Shares rising 3.70%, SUPER MICRO COMPUTER INC rising 1.60%, Applied Materials rising 1.41%, Lam Research rising 1.28%, ASML Holding NV rising 1.00%.

Memory chip stocks rose, with SanDisk Corp. rising 2.09%, Roundhill Memory ETF rising 1.38%.

Optical communication stocks rose, with AXT Inc rising 2.38%.

Software stocks rose, with ServiceNow rising 2.08%.

Among other individual movers, Honda rose 2.83%, Oklo Inc. rose 2.23%, Rigetti Computing fell 3.45%.