Chip Stocks Jump as Foxconn Spotlights AI Demand | Global News Avenue

Major U.S. stock indexes mixed at open First week of 2025which includes a day off Thursday to honor former U.S. President Jimmy Carter, followed by Expected release The December jobs report is released Friday morning.

The S&P 500 rose 0.6%, and upbeat signs about semiconductor demand helped the tech-heavy Nasdaq rise 1.2%. After spending most of the day in positive territory, the Dow Jones lost momentum in the afternoon and closed slightly lower on Monday, down less than 0.1%.

Released by Taiwanese technology manufacturer Foxconn Fourth-quarter revenue hits record highciting strong demand for artificial intelligence (AI) servers. The report helped boost shares of companies across the semiconductor industry, including artificial intelligence chip giant and Foxconn’s main customer Nvidia.NVDA), its shares rose 3.4%. Shares of memory solutions specialist Micron Technology (exist), whose technology is incorporated into Nvidia’s next-generation Blackwell AI platform, saw its shares surge 10.5%, the strongest performance on the S&P 500 on Monday.

Other companies are also benefiting from the wave of optimism about AI servers. Shares of server maker Super Micro Computer (SMCI) surged 9.4% on positive comments from Lynx Equity. Analysts expect Nvidia’s keynote at the CES conference today to include an update to the latest version of its Blackwell AI chip, which could potentially be given the key role Nvidia’s graphics processing units (GPUs) play in the company’s most important products. Be a catalyst for Supermicro. Advanced servers.

Shares of electronic test equipment maker Teradyne (TERThe stock rose 7.2% after Northland Securities upgraded the stock to “outperform” and raised its price target. Analysts believe Teradyne is well-positioned to gain market share in the space as cloud computing companies use Teradyne’s test platform to design application-specific integrated circuits (ASICs). Northland also said the ongoing technological transformation in the semiconductor industry could increase demand for Teradyne testers.

Axon Enterprises (axon) The stock fell the most among S&P 500 stocks on Monday, down 5.1%, its lowest level since announcements from the maker of Tasers and other law enforcement equipment. Quarterly sales and profits stronger than expected Early November. Despite today’s drop, Axon’s stock has more than doubled in value over the past year, driven by enthusiasm for its artificial intelligence solutions and police departments’ large technology budgets.

Shares of data analytics software maker Palantir Technologies (PLTRThe stock also fell 5% as Morgan Stanley restored its “underweight” rating on the stock. While analysts acknowledge Palantir’s strong trajectory, they say the company’s success has outstripped its current valuation after the stock soared in 2024, making it its best share price last year. S&P 500 Top Performers.

Essex Property Trust (ESSMizuho shares fell 4% as analysts cut their price targets on the real estate investment trust (REIT). With its focus on multifamily apartment complexes on the West Coast, Essex faces headwinds related to changing employment and leasing dynamics in its core markets, particularly in the tech-dominated areas of Northern California.

T-Mobile USA (TMUSThe wireless carrier’s shares fell 3.1% after Wells Fargo and RBC downgraded the wireless carrier’s shares and lowered their price targets. Analysts pointed to concerns about T-Mobile’s valuation and a possible slowdown in growth in 2025, reflecting declining wholesale revenue.