24H | Marvell Technology Rises 2%; Rocket Lab Climbs 2%; AppLovin Slides 2%

US Overnight07-09

Dow Futures fell 0.07%, S&P 500 Futures rose 0.01%, Nasdaq Futures rose 0.24% amid a cautiously constructive tone.

IREN Ltd climbed 2.31%. Cboe data showed mixed options sentiment as shares advanced.

Astera Labs, Inc. (ALAB) rose 1.66%. The company scheduled its second-quarter 2026 results and a conference call for Aug. 4.

Applied Materials (AMAT) rose 1.28%. Mizuho raised its price target to $650 from $540 and kept an Outperform rating.

KLA-Tencor gained 1.14%. The company lifted quarterly EPS guidance by 9.2%, highlighting AI-related demand.

Chip stocks rose, with Direxion Daily Semiconductors Bull 3x Shares (SOXL) rising 2.85%, Marvell Technology (MRVL) rising 1.99%, Cerebras Systems (CBRS) rising 1.58%, ARM Holdings rising 1.14%.

Memory chip stocks rose, with Micron Technology (MU) rising 1.55%, Western Digital rising 1.51%, SanDisk Corp. rising 1.26%, Seagate Technology PLC (STX) rising 1.15%, Roundhill Memory ETF (DRAM) rising 1.11%.

Among other individual movers, Corning rose 2%, Rocket Lab USA, Inc. (RKLB) rose 2%, Intel rose 1%, IONQ Inc. rose 1%, AppLovin Corporation (APP) fell 2%, Newmont Mining fell 1%, Costco fell 1%.

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