markets

Luke Kawa7/15/25

“This is a huge win for tech stocks”: Ives on US relaxing AI chip sales to China

Nvidia and Advanced Micro Devices are leading a massive rally in chip stocks this morning after indicating that they’re able to start selling AI chips that had been under export restrictions to China once again.

As of 8:30 a.m. ET, all of the top 18 performers in the Nasdaq 100 outside of two — Trade Desk, which is surging on news it’s being added to the S&P 500, and Temu parent PDD — are semiconductor or semiconductor-adjacent stocks.

That’s just the way it should be, according to Wedbush Securities analyst Dan Ives, who called Nvidia’s renewed ability to access the Chinese data center market the end to “a game of high stakes poker between Nvidia and the Trump administration” that CEO Jensen Huang won.

“We would expect some positive language from the Chinese government and President Xi later today... with key tariff/trade deal negotiations on the horizon,” he wrote. “The AI Revolution is just hitting its next stage of growth and now Nvidia gets the key China market back which is roughly 15% of total revenues but could go up significantly over the coming years. This is a huge win for tech stocks.”

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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