Semiconductor Surge Creates Divergence; Shopify Plummets

Morning brief: Semis Split, Hormuz Tense as Market Awaits AMD Earnings

Markets are bracing for AMD's earnings after a mixed session that saw memory chipmakers like Micron (MU) surge while AMD itself fell sharply. Geopolitical tensions in the Strait of Hormuz are adding to uncertainty, with U.S. forces engaging with Iran to ensure passage for commercial vessels.

Upcoming earnings

• AMD —

Evening brief: Semiconductor Surge Creates Divergence; Shopify Plummets

The market witnessed a major semiconductor rally, with memory-chip makers like Micron (MU) and SanDisk (SNDK) posting massive gains. However, Shopify (SHOP) plummeted over 15% on weak forward guidance, creating a starkly divergent and volatile trading day.

Upcoming earnings

• AMD —

The day's moves on the ledger

No slate changes were logged this day.