24H | Space and Chip Stocks Jump Again; Semtech Rises 6%, Zscaler Sinks 21% After Earnings

US Overnight
05/27

Dow Futures rose 0.07%, S&P 500 Futures rose 0.05%, Nasdaq Futures rose 0.06%, steady.

Space stocks jumped again in overnight trading, with Momentus up 22.8%, Redwire rising 12.25%, Sidus Space rising 5.97%, Firefly Aerospace (FLY) falling 3.93%, Planet Labs (PL) rising 3.91%, AST SpaceMobile (ASTS) rising 3.48%, Tema Space Innovators ETF (NASA) rising 2.69%, Intuitive Machines (LUNR) rising 2.27%. SpaceX seems to be the cause—again—with the 12th test of its huge Starship rocket launching on Friday evening.

Chip stocks rose in overnight trading, with Marvell Technology (MRVL) rising 3.00%, Direxion Daily Semiconductors Bull 3x Shares (SOXL) rising 2.50%, SUPER MICRO COMPUTER INC (SMCI) rising 1.81%, Advanced Micro Devices (AMD) rising 1.23%.

Memory chip stocks rose in overnight trading, with Micron Technology (MU) rising 4.48%, SanDisk Corp. rising 2.94%, Roundhill Memory ETF (DRAM) rising 2.79%, Western Digital rising 1.68%, Seagate Technology PLC (STX) rising 1.30%.

Semtech rose 5.71% on strong guidance after Q1 beat.

Zscaler fell 20.84% on weak guidance and exec changes. Its peers Palo Alto Networks, CrowdStrike, andSentinelOne also dropped about 2%.

T1 ENERGY INC rose 4.02% on AI fund stake and earnings beat.

Nokia Oyj rose 2.49%. Rigetti Computing (RGTI) fell 2.33%.

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