24H | Semiconductor Stocks Extend Rally; ARM Climbs Nearly 5%, SpaceX Posts Modest Rebound

US Overnight08:09

During Thursday's U.S. after-hours trading session, Dow Futures rose 0.59%, S&P 500 Futures rose 0.86%, Nasdaq Futures rose 1.39%, reflecting a broadly risk-on tone in overnight trading.

ARM Holdings climbed 4.8%. Semiconductor momentum persisted.

NEBIUS rose 3.95%. Index inclusion and a $643M AI acquisition aided.

Western Digital advanced 4.07%. Morgan Stanley lifted its target to $650 and flagged HDD shortages into 2028.

Micron Technology (MU) gained 3.93%. Deutsche Bank, TD Cowen and Citi raised targets ahead of June 24 earnings.

CoreWeave, Inc. rallied 3.60%. Index addition and USD/EUR notes financing supported.

SpaceX increased 0.6%. Heavy retail flows and active options trading persisted.

SoFi Technologies Inc. (SOFI) added 3.56%. The CTO disclosed sales under a 10b5-1 plan.

Applied Optoelectronics (AAOI) increased 3.50%. Valuation debates followed its AI-optics surge.

Marvell Technology (MRVL) rose 3.48%. Sector tailwinds continued after NVIDIA’s CEO’s recent endorsement.

Lam Research advanced 3.34%. A Powerchip order and target hikes helped.

Applied Materials (AMAT) climbed 3.04%. This came despite CEO and CTO stock sales.

Hewlett Packard Enterprise (HPE) gained 2.07%. New AI and hybrid-cloud offerings and wins were outlined.

Broadcom rose 2.00%. The new CFO filed an initial Form 3 disclosing holdings.

Meta Platforms, Inc. (META) ticked up 1.45%. COO Javier Olivan disclosed share sales.

Big tech stocks rose, with NVIDIA rising 1.14%, Microsoft rising 1.09%, Amazon.com rising 1.05%.

Chip stocks rose, with KLA-Tencor rising 3.76%, Intel rising 3.18%, ASML Holding NV rising 2.71%.

Among other individual movers, NuScale Power rising 2.90%, Redwire Corp. rising 2.86%, Bloom Energy Corp (BE) rising 2.77%, Vertiv Holdings LLC (VRT) rising 2.65%, Rocket Lab USA, Inc. (RKLB) rising 2.39%, Advanced Micro Devices (AMD), ServiceNow and Palantir Technologies Inc. (PLTR) rising 2.00%.

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