Relief that Israel and Iran have a ceasefire calmed the markets. Investors rushed back to the usual technology giants. This included Nvidia (NVDA) and Taiwan Semiconductor (TSM). This time, Advanced Micro Devices (AMD) rose sharply, along with Intel (INTC).
Analysts praised AMD for its MI 400 AI server on the expectation that sales will rise from strong demand. Still, Nvidia is the leader in AI server sales. Expect Nvidia’s uptrend to hold, while that of AMD has risks of profit-taking.
In the cryptocurrency platform market, Coinbase (COIN) might add to Tuesday’s 12.1% gain. Excitement for the sector continued after the Senate passed a bill that would benefit stablecurrencies.
In the ride hailing segment, Uber (UBER) gained 7.52%. Investors reasoned that after Tesla (TSLA) started testing its robo taxi (cyber cab), both Uber and Lyft (LYFT) are better holdings. Demand for ride-hailing services will rise as customers prefer a person to drive over a robo taxi.
Enphase (ENPH) bounced back, erasing some of its recent losses. Markets are now speculating that the Big, Beautiful bill will ease some of the proposed cuts to clean energy. Investors should be wary of the government continuing its support. Nuclear and natural gas energy markets are more appealing, while EVs, solar, and wind energy are too costly to run.
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