genai / news / / Republic World
The S&P 500 and the Nasdaq notched record highs on Friday.
Micron Technology and Sandisk shares soared over 15% each due to AI data center demand.
KEY POINTS
- The Philadelphia SE Semiconductor index has gained 55% in the second quarter so far.
- 83% of 440 S&P 500 companies beat Q1 earnings estimates, well above the 67% long-term average.
- Cloudflare will cut about 20% of its workforce after forecasting lower-than-expected Q2 revenue.
- Brent crude rose above $100 a barrel as Strait of Hormuz reopening hopes faded.
COMPANIES
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