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

US Overnight08:21

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%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Afiq G
    08:24
    Afiq G
    Share your opinion about this news…
Leave a comment
1
1