01 Stock Market

The U.S. major indexes closed as follows: Dow Jones up 0.69% at 52,856.09; S&P 500 rose 0.58% to 7,757.17; NASDAQ gained 1.05% to 26,702.86.

Unusual-move stocks were dominated by large-cap AI, semiconductors, and electric-vehicle names, with several tied to earnings and investment updates. NVIDIA rose 2.54% at $221.97; Tesla Motors climbed 3.41% at $386.47; Micron Technology gained 1.96% at $913.67; Apple advanced 1.32% at $343.99; AMD rose 3.36% at $552.72; Broadcom increased 1.03% at $337.80; Palantir Technologies Inc. climbed 4.74% at $201.72; Bloom Energy Corp jumped 7.13% at $238.53; and Strategy surged 7.54% at $153.48. On the downside, Netflix declined 5.31% to $65.04, while Sea Ltd fell 3.10% to $77.94. IBM and Meta Platforms, Inc. were also active names after reporting results, with IBM up 4.5% in after-hours trading and Meta higher after earnings and capex updates.

Broad market positioning remained constructive as AI-related leadership offset weakness in a few consumer and internet names. Tesla Motors was supported by surprise positive free cash flow, while Meta Platforms, Inc. drew attention after raising capex guidance and unveiling additional AI infrastructure plans. In semiconductors, NVIDIA, AMD, Broadcom, and Micron Technology continued to benefit from demand tied to data centers and AI workloads. The move list also included speculative and high-beta names such as SpaceX, Circle Internet Corp., and Sonix-related semiconductor exposure through exchange-traded products, indicating strong appetite for growth themes.

02 Other Markets

U.S. 10-year Treasury yield rose by 0.00%, latest at 5.15.

USD/CNH fell 0.0193%, at 6.72; USD/HKD fell 0.0004%, at 7.85.

U.S. Dollar Index rose 0.0197%, at 101.72.

WTI crude futures rose 0.84%, at 97.97 USD/bbl; COMEX gold futures fell 0.05%, at 4148.10 USD/oz.

03 Top News

1. Tesla reported surprise positive free cash flow after trimming capital spending. The automaker said free cash flow reached $1.53 billion, beating expectations for a cash burn. It also said capital expenditure came in below Street estimates, easing concerns about near-term balance-sheet pressure. The company’s results kept attention on its AI, robotics, and vehicle growth plans.

2. Tesla said battery shortages are constraining vehicle production. The company said battery availability remained a limiting factor for raising auto volumes. It is expanding manufacturing capacity in several locations to secure future supply. The update highlighted a hardware bottleneck that could affect delivery growth if not resolved.

3. Meta raised its capital-expenditure outlook as it pushed deeper into AI infrastructure. The company lifted its full-year capex range to $135 billion to $145 billion. Management said it intends to keep investing aggressively in core products and new AI initiatives. The increase underscores how sharply spending is rising to support future model training and compute needs.

4. Meta reported stronger revenue while absorbing a large litigation charge. Revenue reached $64.6 billion, above expectations, even as a one-time legal settlement weighed on earnings. The company booked a $9.9 billion charge tied to teen mental-health litigation. The settlement reduced operating margins and lifted full-year expense expectations.

5. Meta said losses from Reality Labs are narrowing. The company projected the division’s annual loss at $18 billion to $19 billion, with further improvement expected. Management said spending is shifting toward AI and other priority areas. The update suggests the company is still willing to fund long-term bets even as it works to improve profitability.

6. IBM raised its annual software revenue outlook after deal delays eased. The company said software revenue growth is now expected at roughly 7% to 8%, better than previously guided. Third-quarter revenue and adjusted profit both beat estimates. The company’s improving deal pipeline helped restore confidence after a difficult prior quarter.

7. IBM posted better-than-expected quarterly results on strength in software. Revenue rose 4.7% to $17.1 billion, and adjusted earnings were $2.95 a share. Software sales rose 8% to $7.8 billion, while infrastructure revenue also advanced. The results supported the stock’s rebound in after-hours trading.

8. Texas Instruments reported higher profit and revenue on broad-based demand. The chipmaker posted earnings of $2.43 billion and revenue of $6.06 billion. Growth was led by industrial, automotive, and data-center demand. The company’s stronger results reinforced the cyclical recovery in parts of the semiconductor supply chain.

9. Lam Research reported a sharp sales increase as AI demand accelerated. Revenue jumped 54% to $8.22 billion, with adjusted earnings also beating forecasts. Management said demand from Asia and AI-related manufacturing needs remain strong. The company’s outlook pointed to continued momentum in semiconductor equipment spending.

10. SpaceX laid out ambitious AI computing targets that could reshape its business mix. The company said AI compute capacity could rise rapidly from less than 2 gigawatts to much higher levels over the next two years. Management signaled that AI computing could become a major revenue engine. The expansion plans also highlight funding, power, and chip-supply challenges ahead.

Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: This content is for reference only and does not constitute investment advice.