To The Moon

01 Stock Market

The U.S. major indexes closed as follows: Dow Jones up 1.31% at 50,009.35; S&P 500 up 1.08% at 7,432.97; NASDAQ up 1.54% at 26,270.36. A broad advance in technology and growth shares helped all three benchmarks notch solid gains, with the tech-heavy NASDAQ once again leading the charge.

Chip-led gains dominated the session. Micron Technology (MU) rose 4.76% at $731.99; Intel (INTC) surged 7.36% at $118.96; Advanced Micro Devices (AMD) jumped 8.10% at $447.58; ARM Holdings (ARM) soared 15.05% at $256.73; NVIDIA (NVDA) added 1.30% at $223.47; and Taiwan Semiconductor Manufacturing (TSM) gained 2.29% at $401.62. Leveraged fund Direxion Daily Semiconductors Bull 3x Shares (SOXL) leaped 14.03% at $173.20, while its inverse counterpart SOXS fell 14.00% at $8.54. Outside semis, Tesla (TSLA) advanced 3.25% at $417.26 and Apple (AAPL) inched up 1.10% at $302.25.

Momentum centered on artificial-intelligence beneficiaries. Strong guidance from several chip leaders and anticipation of fresh product cycles kept investors rotating into high-growth hardware names, lifting related ETFs and boosting megacap technology shares. The breadth of participation helped equities overcome lingering macro concerns, while defensive pockets lagged amid the risk-on tone.

02 Other Markets

U.S. 10-year Treasury yield rose by 0.00%, latest at 4.57%.

USD/CNH fell 0.0088%, at 6.84; USD/HKD fell 0.0031%, at 7.83.

U.S. Dollar Index fell 0.0020%, at 99.12.

WTI crude futures rose 0.75%, at 99.00 USD/bbl; COMEX gold futures rose 0.14%, at 4,541.60 USD/oz.

03 Top News

1. Nvidia Projects $91 Billion in Q2 Revenue, Outpacing Forecasts. The company told investors it expects sales to exceed consensus by roughly $4 billion, underscoring relentless demand for its AI chips. Management highlighted robust data-center orders as a key driver of growth.

2. Nvidia Launches an $80 Billion Share Repurchase Program. The board approved one of the largest buybacks in U.S. corporate history, aiming to return surplus cash to shareholders. The plan signals confidence in long-term earnings power.

3. Nvidia Raises Quarterly Dividend to 25 Cents per Share. The payout, previously 1 cent, will rise sharply, offering investors a higher income stream. The increase reflects the firm’s expanding free cash flow amid surging chip sales.

4. Samsung Electronics Union Suspends Strike, Sets Vote on Tentative Pay Deal. A preliminary agreement has been reached, and members will ballot on it in the coming days. The pause averts potential disruption at key chip plants.

5. ASML CEO Warns of Prolonged Chip Supply Constraints Amid AI Boom. Christophe Fouquet said demand could outstrip production “for quite a while” and pledged to boost tool output. He also revealed plans for a new advanced-packaging system to build larger AI processors.

6. Target Lifts Full-Year Revenue Outlook but Cautions on Cost Pressures. Comparable sales surged 5.6%, prompting guidance to rise to about 4% growth. Executives flagged tougher comparisons and higher expenses, sending shares lower despite the beat.

7. Pakistani Army Chief Poised to Visit Iran to Finalize Security Agreement. Regional media report the trip could conclude a pivotal pact aimed at de-escalating tensions. Anticipation of the accord coincided with softer crude prices in global markets.

8. Iran’s Revolutionary Guard Oversaw Safe Passage of 26 Commercial Vessels Through Hormuz. The force said shipping continues under its coordination, reinforcing control of the strategic waterway. The update comes amid ongoing regional security talks.

9. Iran Threatens Retaliation Beyond the Middle East if Attacked by U.S. or Israel. The Islamic Revolutionary Guard Corps warned of “crushing blows in places you do not expect.” The statement follows renewed U.S. rhetoric about potential military action.

10. ASML Develops New High-NA EUV and Packaging Tools to Meet AI Chip Demand. The first logic chips using the High-NA system are expected within months, with Intel among early adopters. The innovations aim to shrink circuitry and increase throughput for next-generation processors.