Stock Market
As of Jul 6, U.S. stock index futures performed as follows: Dow Jones futures slipped by 0.13%, S&P 500 futures rose 0.44%, and Nasdaq 100 futures advanced 1.26%, indicating a tech-led bias ahead of the opening bell as investors refocused on semiconductors and artificial-intelligence beneficiaries.
Notable Stock Movers: Memory and AI leaders were active pre-bell. MU climbed 3.33% at $1,007.86, while leveraged chip ETF SOXL jumped 9.67% at $199.02. Storage specialist WDC gained 5.19% at $567.00.
Blue-chip chipmakers also firmed: AMD up 3.51% at $536.00 and INTC up 3.45% at $124.50. Broadcom rises over 4% after extending chip partnership with Apple through 2030 to Co-Develop custom silicon chips
Electric-vehicle bellwether TSLA added 1.21% at $398.23, and graphic-processor titan NVDA inched 0.33% higher at $195.47.
Traders additionally rotated into semiconductor-related exchange-traded products: the ultra-leveraged TQQQ rose 3.41% at $75.85, while broad-market proxy VOO ticked 0.37% higher at $687.39. Strength across memory, foundry and AI infrastructure names suggests investors are positioning for robust second-quarter chip earnings and stronger demand signals tied to generative-AI adoption.
Other Markets
• 10-year U.S. Treasury yield fell 0.53%, to 4.46%.
• U.S. Dollar Index rose 0.21% to 101.07.
• WTI crude oil futures fell 0.10% to 68.62 USD/barrel; COMEX gold futures rose 1.03% to 4,168.20 USD/ounce.
Key News
1. Seer received a non-binding buyout proposal from its CEO valuing shares at $2.45 plus contingent rights. The life-science tools firm confirmed an offer from Chairman Omid Farokhzad to purchase all outstanding Class A shares in cash, alongside two potential milestone payments, signaling confidence in the company’s proteomics platform and sparking a more than 26% pre-market surge.
2. Intel is studying a dual-sided power-delivery design for its forthcoming 1.4 nm process node. Management is evaluating front- and back-side metallization to overcome lithography bottlenecks and narrow performance gaps with rival foundries. The hybrid routing strategy could enhance power efficiency for next-generation chips and support the firm’s aggressive roadmap.
3. Micron began a multi-billion-dollar expansion of its Hiroshima facility to add cutting-edge DRAM and HBM capacity. The 1.5 trillion-yen project, backed by up to 500 billion yen in Japanese government subsidies, will introduce EUV technology for 1 γ nodes and scale HBM4 output aimed at AI accelerators, reinforcing Micron’s leadership in advanced memory.
4. SK Hynix launched a U.S. ADR offering that could raise more than $28 billion. The Korean memory giant plans to sell nearly 18 million new shares via Nasdaq-listed depositary receipts, attracting indications of interest of about $7 billion from global institutions and expanding its investor base amid booming AI-driven demand.
5. Samsung intends to lift memory-chip prices by roughly 20% quarter-on-quarter starting in the third quarter. Korean media report the planned hikes, underscoring tight global supply as AI applications accelerate consumption of both high-bandwidth and conventional DRAM.
6. Intel confirmed forthcoming price increases on select Core Ultra consumer processors and Xeon server chips. The adjustments reflect elevated production costs and persistent demand for advanced nodes, signaling ongoing pricing power for top CPU suppliers.
7. South Korea’s president ordered regulators to fast-track permits and infrastructure for megascale chip and AI projects. Officials were instructed to run approval processes in parallel and secure electricity and water early, aiming to maintain the nation’s competitive lead in semiconductors.
8. Samsung is set to pre-announce a record quarterly operating profit, surging about eighteen-fold year over year. Analyst consensus points to roughly 8.6 trillion won in operating income for the June quarter, driven by soaring memory prices; investors will watch for any bonus provisions that could temper headline numbers.
9. Binance halted crypto trading services for French users after failing to secure a MiCA license. The exchange now permits only withdrawals in France, affecting roughly two million accounts and underscoring Europe’s tightening regulatory stance on digital-asset platforms.
10. Tencent unveiled Hunyuan Hy3, an open-source large-language model positioned as a cost-efficient alternative to bigger rivals. The upgraded model features optimized post-training data, enhanced reinforcement learning, and competitive long-context performance; Tencent simultaneously cut API pricing to drive adoption across its cloud ecosystem.
Sources: Reuters, Dow Jones, Tiger Newspress, public market data
Disclaimer: For informational purposes only; not investment advice.
