01 Stock Market

The U.S. major indexes closed as follows: Dow Jones up 0.10% at 46,993.26; S&P 500 up 0.25% at 6,716.09; NASDAQ up 0.47% at 22,479.53.

Unusual-move stocks clustered in tech and media, with outsized gains in memory and steep losses in Chinese music streaming. Micron Technology (MU) up 4.50% at $461.69; Western Digital (WDC) up 9.64% at $313.81; Tencent Music (TME) down 24.65% at $11.37; Intel (INTC) down 3.72% at $44.06; Tesla (TSLA) up 0.94% at $399.27; NVIDIA (NVDA) down 0.70% at $181.93; Apple (AAPL) up 0.56% at $254.23; Alphabet (GOOG) up 1.64% at $309.41; Amazon (AMZN) up 1.63% at $215.20; Taiwan Semiconductor (TSM) up 1.98% at $345.98.

Memory and AI-adjacent hardware outperformed, while single-name earnings shocks weighed on select ADRs. Upside in Micron and Western Digital reflected optimism around AI-related memory demand. Pressure on Tencent Music followed cautious signals from its latest report, and weakness in Intel tracked investor focus on foundry profitability. Megacaps such as Apple, Alphabet, and Amazon provided steady support, while NVIDIA consolidated after recent strength.

02 Other Markets

U.S. 10-year Treasury yield rose by 0.62%, latest at 4.31%.

USD/CNH rose 0.08%, at 7.2140; USD/HKD fell 0.01%, at 7.8278.

U.S. Dollar Index fell 0.12%, at 103.84.

WTI crude futures rose 0.92%, at 82.36 USD/bbl; COMEX gold futures fell 0.45%, at 2,156 USD/oz.

03 Top News

1. NVIDIA Announced New AI Platforms at its Developer Conference, signaling continued data-center momentum. The company unveiled next-generation GPU systems and software for enterprise deployment. Management highlighted expanded cloud partnerships, supporting long-term revenue visibility.

2. Micron Disclosed AI Memory Capacity Expansion, aiming to meet surging HBM and DRAM demand. The company said it is scaling high-bandwidth memory output for accelerator customers. Investors viewed the move as supportive of margin and shipment growth.

3. Western Digital Advanced Plans for a Business Separation, progressing toward sharpening its Flash and HDD focus. The company reiterated steps to streamline operations and unlock value for shareholders. The separation roadmap was framed as enhancing strategic flexibility.

4. Tencent Music Reported Quarterly Results and Issued Guidance, prompting a sharp ADR selloff. Management flagged a mixed revenue trajectory amid industry competition. The company emphasized investment in content and subscriptions to stabilize growth.

5. Intel Updated Foundry Business Metrics, highlighting near-term margin pressure as investment continues. The firm pointed to ongoing restructuring and efficiency initiatives. Investors weighed the path to scale against elevated capital needs.

6. Tesla Implemented Regional Price Adjustments, reflecting competitive dynamics and inventory considerations. The company indicated that pricing remains a lever to stimulate demand. Analysts noted potential implications for automotive gross margins.

7. Alphabet Expanded Gemini Integrations Across Products, intensifying the enterprise AI platform race. New tools for Workspace and developer APIs were introduced. The company said broader availability should accelerate customer adoption.

8. Amazon Introduced Enhancements to Its Grocery Delivery and Logistics Offerings, targeting deeper Prime engagement. The program adds broader coverage and improved delivery windows. Management expects it to support order frequency and ancillary sales.

9. Rocket Lab Secured a New Government Launch Contract, strengthening its medium-term backlog. The award adds visibility on launch cadence and revenue conversion. The company continues to invest in higher-capacity vehicles.

10. U.S. Regulators Announced Targeted Actions on Technology and Cybersecurity, increasing compliance requirements for firms. Agencies outlined updated guidance and enforcement priorities. Companies operating critical infrastructure face additional reporting and oversight.

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