Market
August 10, U.S. stocks opened mixed as the Dow Jones slipped 0.14%, the S&P 500 inched up 0.04% to hover near record territory, and the Nasdaq eased 0.06%. Traders weighed a quiet data calendar against lingering optimism around artificial-intelligence demand.
Applied Optoelectronics advances 8.16% after lifting full-year sales guidance, SUPER MICRO COMPUTER INC rises 6.18% on booming server orders, Marvell Technology adds 4.02% on fresh AI chip momentum, Meta Platforms, Inc. gains 1.73% after unveiling new Llama updates, and Microsoft climbs 1.08% on strong Azure bookings. On the downside, Intel falls 3.11% following a broker downgrade, Coherent drops 3.04% on a profit warning, and Apple slips 2.24% as suppliers signal softer iPhone demand.
Elsewhere, Rocket Lab USA, Inc. rallies 3.02% on a NASA contract, United Microelectronics strengthens 2.54%, Oracle climbs 1.89% after debuting generative AI services, Palantir Technologies Inc. edges up 1.58% on U.S. Army contract chatter, while NVIDIA trades broadly flat, cooling after recent record highs.
News
Applied Optoelectronics raises guidance and rallies 8%. The fiber-optic gear maker beat Q2 revenue estimates and lifted its FY26 outlook. Management cited robust datacenter demand and improving margins.
SUPER MICRO COMPUTER INC surges 6% on record preliminary revenue. The server specialist said fiscal Q4 sales topped the high end of its range thanks to accelerating AI rack shipments. Gross margin also exceeded expectations.
Marvell Technology gains 4% after announcing OpenAI chip collaboration. The companies will co-develop custom accelerators aimed at reducing inference costs. Analysts called the deal a meaningful long-term tailwind.
Microsoft nabs new Pentagon cloud contract, shares up 1%. The $9 billion award expands the company’s defense footprint and reinforces Azure’s momentum in secure workloads.
Meta Platforms, Inc. launches paid AI assistant for Instagram, stock rises 2%. Early user sign-ups point to another monetization lever, with full rollout slated for autumn.
Intel downgraded by Bank of America, slides 3%. The broker warned of prolonged gross-margin pressure as the chipmaker ramps EUV capacity and faces stiff competition from NVIDIA.
Coherent warns of soft laser demand, sinks 3%. Management said smartphone customers are delaying orders into next year, prompting a cut to its September-quarter outlook.
Apple trims iPhone 18 production plans, shares fall 2%. Suppliers in Asia told Nikkei volumes would be 10% lower than initially forecast amid cautious consumer spending.
Rocket Lab USA, Inc. wins NASA lunar mission, jumps 3%. The multi-launch deal covers Artemis support flights and is valued at up to $500 million.
Oracle unveils generative AI services, stock up 2%. New features include code completion and text summarization for its cloud customers, reinforcing its push to compete with Amazon and Microsoft.
Comments