Nasdaq 100 Surges 3.5% in Best Day Since May 2025 Led by Microsoft and AI Stocks

EarningsIndustry Impact 4
โดย Benzinga·Read original
Summary · why it matters

The Nasdaq 100 surged 3.5% in afternoon trading, on pace for its strongest session since May 2025, driven by a blockbuster quarter from Microsoft and strong results from Lam Research that reinforced confidence in the artificial intelligence spending boom. Microsoft shares soared 16.6%, their best day since October 2008, contributing 73 basis points to the index's gain, while Lam Research jumped 18.5% after earnings and guidance exceeded expectations. Ten stocks accounted for 308 of the index's 351 basis points of gains, roughly 88% of the move from about a third of the index by weight, with Micron Technology, Advanced Micro Devices, and Intel also posting double-digit percentage advances. The rally removed fears that hyperscalers would struggle to monetize AI and that capital spending was slowing, spreading well beyond the two companies that reported. Amazon and Apple are set to report after the close, with attention on cloud capital spending and hardware margins.

Impact on stocks 12

Artificial Intelligence▲ · 6 stocks
Microsoft Corporation
MSFT
▲ PositiveDemandrelevance

Microsoft reported a blockbuster quarter, with shares soaring 16.6%, driven by strong AI-related demand.

Semiconductors▲ · 6 stocks
Lam Research Corp
LRCX
▲ PositiveDemandrelevance

Lam Research reported strong earnings and guidance that exceeded expectations, reinforcing confidence in AI spending boom.

Theme Impact 9

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