EN zh-TW

newsio aggregates and links to original sources. We do not own the original images or content. If you believe content infringes on intellectual property rights, contact us — it will be removed at first notice.

business / news / / Devdiscourse

The technology sector soared by 2.2%, driven by significant gains in chip stocks.

Dell's stock surged 34.7% after it raised its profit and revenue forecasts.

KEY POINTS
Wall Street's top indexes continued their record-breaking ascent on Friday, with weekly and monthly gains in sight. The surge came as tech stocks rallied and reports of a U.S.-Iran deal buoyed investor sentiment. The technology sector soared by 2.2%, driven by significant gains in chip stocks. Dell made headlines with a 34.7% surge after upgrading its profit and revenue forecasts. Meanwhile, Hewlett Packard Enterprise and Super Micro Computer also saw impressive gains of 13.6% and 17%, respectively. Reports indicated Washington and Tehran agreed to extend their ceasefire and ease shipping restrictions through the Strait of Hormuz, pending President Trump's approval. Despite concerns about inflation and the global economic impact of the Iran conflict, market optimism persisted, fueled by AI advancements and robust earnings growth. (With inputs from agencies.)
COMPANIES
Read the full story on Devdiscourse → →
Share X LinkedIn

Summarized by Newsio from Devdiscourse. How we summarize →

RELATED 03
business · news · 11h 135

China's wholesale prices rose at the fastest pace in nearly four years in May.

  • China's producer price index rose 3.9% in May, the fastest increase since July 2022.
  • Wholesale prices were driven by higher raw material costs from the Iran war and AI investments.
CNBC →
business · news · 12h 136

Trump Media & Technology Group (DJT) has drawn fresh attention after recent share price swings.

  • Trump Media & Technology Group posted a net loss of US$1,086.15m on just US$3.73m revenue.
  • DJT's price-to-book ratio of 1.8x remains higher than the US industry average of 1x.
simplywall.st →
business · news · 19h 164

On June 9, 2026, the tech-heavy Nasdaq Composite plunged 2.17%, losing more than 560 points as AI and semiconductor stocks extended their sell-off.

  • Broadcom's cautious AI chip outlook and falling smartphone demand triggered the latest semiconductor sector crash.
  • Roughly $1.4 trillion in market value was erased from AI semiconductor stocks in the recent selloff.
The Economic Times →