Market

August 11, U.S. stocks opened modestly higher as investors digested a lighter inflation read and resilient tech earnings. The Dow Jones rose 0.19%, the S&P 500 gained 0.08% and the Nasdaq Composite added 0.12%, pointing to a cautiously risk-on tone with traders eyeing further data later in the week.

Gainers led early action. Planet Green holdings Corp rockets 93.95% on a strategic battery-materials joint venture, WAH FU EDUCATION GROUP LTD leaps 27.58% after winning a government e-learning contract, Sea Ltd surges 9.20% on upbeat quarterly results, SK hynix climbs 3.16% after lifting its memory price outlook, NVIDIA advances 1.73% as AI momentum persists, Micron Technology adds 1.67% on a broker upgrade and Tesla Motors edges up 0.43% amid steady EV demand. On the downside, On Holding AG tumbles 20.33% after cutting full-year guidance and Tencent Music slides 16.97% following a revenue miss.

Broader chip enthusiasm spilled into leveraged products as Direxion Daily Semiconductors Bull 3x Shares rises 2.46%, Roundhill Memory ETF gains 3.10%, Direxion Daily MU Bull 2X Shares adds 3.20%, United Microelectronics rises 2.24% and Taiwan Semiconductor Manufacturing ticks up 0.79%, while the bearish Direxion Daily Semiconductors Bear 3x Shares retreats 2.61%.

News

Sea Ltd beats revenue estimates, shares jump 9.20%. The Singapore-based gaming and e-commerce group posted stronger digital-entertainment bookings and narrower losses, reviving confidence in its growth trajectory.

Planet Green holdings Corp announces battery JV, stock soars 93.95%. Management said the partnership will fund a U.S. facility aimed at supplying cathode materials for domestic EV makers, triggering a speculative rush.

WAH FU EDUCATION GROUP LTD wins federal e-learning contract, gains 27.58%. The multi-year deal to digitize vocational training content could materially lift revenue starting next quarter.

SK hynix raises DRAM price outlook, climbs 3.16%. The memory giant sees tight supply persisting into year-end, prompting bullish bets across semiconductor peers.

NVIDIA unveils next-gen AI GPU, rises 1.73%. Early benchmarks show a 40% performance boost, bolstering the firm’s leadership in data-center acceleration.

Micron Technology upgraded to “buy,” adds 1.67%. A major Wall Street bank cited improving memory margins and inventory discipline as catalysts for upside.

On Holding AG cuts fiscal-year guidance, plunges 20.33%. Higher marketing costs and a slower rollout of new footwear lines forced management to lower revenue and margin targets.

Tencent Music misses streaming subscriber targets, sinks 16.97%. Currency headwinds and increased competition weighed on paid-user growth, raising concerns over monetization.

U.S. July CPI up 0.2%, keeps rate-pause hopes alive. The in-line print eased fears of another Federal Reserve hike, supporting equity valuations in early trade.

Direxion Daily Semiconductors Bear 3x Shares falls 2.61% as chip rally accelerates. Short-side positioning unwound after upbeat outlooks from multiple memory and AI names.