Nvidia Boosts Chip Stock Market
Date: 14 minutes ago
Nvidia (NVDA) and other semiconductor stocks experienced significant gains on Tuesday due to positive sentiment surrounding new partnerships and trade agreements.
Nvidia’s shares rose approximately 6%, while Advanced Micro Devices (AMD) saw a 4% increase after announcing they would supply semiconductors to the Saudi Arabian AI startup Humain. This announcement coincided with President Trump’s commencement of a four-day Middle East visit, beginning in Saudi Arabia.
Nvidia’s CEO Jensen Huang revealed that the company plans to deploy “hundreds of thousands” of its cutting-edge GPUs over the next five years in partnership with Humain, starting with an 18,000 GB300 Grace Blackwell AI supercomputer utilizing Nvidia’s InfiniBand networking technology.
Additionally, AMD has agreed to invest up to $10 billion over five years to develop AI computing centers spanning from Saudi Arabia to the United States.
These developments occur as President Trump aims to secure $1 trillion in investment and trade commitments from Saudi Arabia, with further plans to visit Qatar and the UAE during this trip. The White House has not yet commented on the chip partnerships.
Moreover, stock prices for Broadcom (AVGO), Micron Technology (MU), and other chip manufacturers also increased, lifting the PHLX Semiconductor Index (SOX) by about 3%. This surge builds on Monday’s growth following a 90-day tariff reduction agreement between the U.S. and China.
Supermicro Shares Surge on Positive Rating
Date: 1 hr 27 min ago
Super Micro Computer (SMCI) shares rallied on Tuesday after Raymond James initiated coverage with an “outperform” rating and a target price of $41.
While the stock rose about 15% to surpass $38, it still maintains over a 50% decrease from a year ago.
According to Raymond James analysts, Supermicro has positioned itself as a leader in AI-optimized infrastructure, holding a 9% share of the $145 billion AI platform market.
Previously, analysts lowered their price targets for Supermicro after the company updated its revenue outlook, citing reasons linked to economic uncertainties affecting client decisions.
Supermicro’s share performance has been volatile due to forecast revisions and concerns over its accounting practices, leading to a narrow escape from delisting earlier this year.
Goldman Sachs Increases S&P 500 Target
Date: 2 hr 29 min ago
Goldman Sachs has become notably optimistic about the S&P 500, projecting a rise to around 6,500 points in the next year, an increase from an earlier estimate of 6,200.
This positive outlook follows the U.S.-China agreement to reduce tariffs for 90 days, which Goldman attributes to lower tariffs, improved economic growth, and reduced recession risks.
The S&P 500 was trading just below 5,900 during midday hours on Tuesday. Since early April, the index has rebounded approximately 22% from its lows and has returned to a positive position for 2025.
Honda Shares Fall Due to US Tariff Concerns
Date: 3 hr 27 min ago
Shares of Honda Motor (HMC) plunged on Tuesday after the company indicated a significant profit dip attributed to uncertainty about new U.S. tariffs.
For the fiscal year ending in March 2026, Honda anticipates a 70% decrease in net profit, predicting a slump to 250 billion yen ($1.69 billion).
The CEO mentioned that tariffs could lead to a negative impact of 650 billion yen ($4.40 billion) this fiscal year, suggesting Honda may need to adjust its production strategy in the U.S. if tariffs remain in place long-term.
UnitedHealth Shares Decline After CEO Announcement
Date: 4 hr 58 min ago
UnitedHealth Group (UNH) shares fell after the health insurance provider announced a change in leadership, with former CEO Stephen Hemsley stepping in for Andrew Witty.
The company suspended its full-year outlook, citing increased care activity and unexpectedly high medical costs for Medicare Advantage beneficiaries.
This suspension follows a significant previous drop in stock prices on April 17 after the company issued a reduced profit forecast and missed expectations in its first-quarter results.
Nike Shares Watch After Recent Gains
Date: 5 hr 36 min ago
Nike (NKE) reported slight gains in premarket trading after a strong surge attributed to the U.S.-China tariff reduction.
Analysts noted that this reduction significantly impacts Nike, which derives a notable portion of revenue from China, leading to improved cost conditions and potential benefits for profit margins.
Despite facing challenges earlier in the year, Nike has rebounded 20% from recent lows, with shares trading just under $63 after a 7% gain the previous day.
Mixed Futures for Major Indices Post-Rally
Date: 6 hr 36 min ago
Dow Jones Industrial Average futures decreased by 0.5%, while S&P 500 futures dropped 0.1%. In contrast, Nasdaq 100 futures experienced a slight increase of 0.1%.
