Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) stock climbed nearly 4% in Thursday’s premarket session after Micron Technology Inc.’s (NASDAQ:MU) stronger-than-expected earnings and upbeat guidance reinforced optimism that AI infrastructure spending remains robust. The broader market also supported sentiment, with S&P 500 futures rising about 0.7%. AI Demand Boosts Chip Supply Chain Micron reported fiscal third-quarter adjusted earnings of $25.11 per share on revenue of $41.46 billion. The company also forecast fiscal fourth-quarter adjusted earnings of about $31 per share on roughly $50 billion in revenue. The results strengthened investor confidence that AI infrastructure demand continues to support pricing power across the…
While everyone is fixated on the AI rally driven by mega-cap semiconductor and memory stocks, a far smaller cohort of names has delivered comparable, if not better, performance in June. According to Benzinga Pro movers data, here are the five…
The Middle East trade may be entering a new phase. Oil prices have retreated sharply this week as signs of progress in U.S.-Iran talks eased some fears of a broader regional disruption. The United States Oil Fund (NYSE:USO), one of…
Following the Donald Trump administration’s announcement of an Iran peace deal, financial markets are bracing for a massive boost. FedWatch Advisors founder Ben Emons says the reopening of the Strait of Hormuz will trigger a “relief rally” that will unlock…
Crude began unwinding months of conflict premium after the Trump administration claimed that the Strait of Hormuz has reopened as part of an agreement reached with Iran on Sunday. Yet three corners of the market that the war hammered have…