BUSINESS

SanDisk shares fell 11.66% after Argus Research's 'Hold' rating, amid a broader memory chip sector pullback. Concerns over NAND pricing and inventory adjustments contributed to the decline.

Oracle Corp. reports record fiscal 2026 results, driven by strong cloud and AI infrastructure growth. The company sees continued expansion, with a $638 billion backlog and strategic investments in AI capabilities.

Apple's stock rose over 3% as investors focus on AI integration, services growth, and upcoming earnings. The company's strategic moves in foldable devices, supply chain diversification, and AI features bolster its market position.

Intel shares fell 5.76% due to memory chip market turmoil and rising oil prices, ahead of its second-quarter earnings report. Despite recent volatility, Intel's long-term uptrend remains intact.

Tesla's Q2 vehicle deliveries exceeded expectations, boosting investor confidence. However, concerns about valuation and competition remain as analysts anticipate the upcoming earnings report.

Alphabet shares rose 3.64% after Warren Buffett confirmed Berkshire Hathaway's investment, boosting confidence in the company's AI expansion. Analysts remain bullish ahead of Alphabet's upcoming earnings report.

Micron Technology's shares fell 7.59% amid sector-wide volatility, driven by concerns over future memory chip pricing and supply, despite positive analyst sentiment and a strong market performance.

The Russell 2000 Index rose 0.55% as small-cap stocks continue a historic rally in 2026, driven by easing inflation, improved fundamentals, and optimism around corporate earnings growth.

PayPal shares rose sharply after Stripe and Advent International proposed a $53 billion takeover, offering a 28% premium. The deal highlights significant shifts in the digital payments industry.

The Nasdaq Composite rose 0.66% as ASML's positive AI demand forecast and cooling inflation boosted investor confidence. Major banks' strong earnings and analysts' AI chip price target hikes added to the optimism.

GameStop shareholders approved a major share expansion, enhancing flexibility for strategic deals like the proposed eBay acquisition, despite eBay's initial rejection. CEO Ryan Cohen remains committed to the pursuit.

Aehr Test Systems' stock surged 38% after reporting strong fiscal fourth-quarter results and issuing fiscal 2027 revenue guidance that exceeded expectations, driven by AI infrastructure demand and a diversified revenue base.

The TSX Composite Index rose slightly as investors considered U.S. inflation data and oil market volatility, with attention focused on the Bank of Canada's upcoming interest rate decision.

ASML Holding NV reported strong Q2 results, driven by AI infrastructure demand, raising its 2026 revenue outlook. The company's EUV technology remains crucial for advanced semiconductor manufacturing.

US stocks rose as the Dow Jones surpassed 52,700 points, driven by cooling inflation data and ASML's optimistic AI demand forecast, despite ongoing geopolitical tensions with Iran.

Bitcoin's price surged above $65,000 following softer U.S. inflation data, sparking a broader cryptocurrency market rally. Despite gains, investor sentiment remains cautious amid ongoing market volatility.

GameStop's attempt to acquire eBay faces rejection from eBay's board, raising doubts about the deal's feasibility and GameStop's future strategy.