ME News report, July 30 (UTC+8): According to BIT (bit.com) market data, U.S. equities staged a broad rebound, led by the semiconductor memory sector. The Nasdaq rose over 2%, the Dow Jones increased 0.48%, and the S&P 500 gained more than 1%. The Philadelphia Semiconductor Index surged over 6%, on track for its largest single-day gain in a month. All major memory stocks rose more than 10%. Micron Technology climbed 10.44%, SK Hynix rose 10.02%, SanDisk gained 17.24%, Western Digital increased 14.33%, Seagate Technology rose 16.38%, and Kioxia ADR advanced 10.95%. Microsoft’s rally expanded to over 15%, potentially marking its largest single-day gain since March 2020. After hours on Wednesday, Microsoft reported its fourth-quarter fiscal year 2026 earnings, with revenue of $90 billion, up 18% year-over-year. Growth in Azure and other cloud services accelerated from 40% in the prior quarter to 43%. ARM’s gains briefly widened to 19%, after falling nearly 8% pre-market, marking its largest single-day increase since March 25. For Q1 of fiscal year 2027, total revenue reached $1.289 billion, up 22% year-over-year and setting a new quarterly record. (Source: BlockBeats)
U.S. stocks rally as semiconductor and storage stocks surge over 10%
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Summary
A market rally unfolded on July 30 (UTC+8) as U.S. stocks rebounded broadly, with the Fear & Greed Index showing a sharp shift toward optimism. The Nasdaq climbed over 2%, the S&P 500 rose more than 1%, and the Philadelphia Semiconductor Index surged over 6%. Storage stocks rallied strongly, with Micron up 10.44%, SK Hynix up 10.02%, and SanDisk up 17.24%. Microsoft gained over 15%, while ARM shares spiked as much as 19% following a pre-market decline.
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