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Microsoft Azure crosses $100 billion and Lam Research earnings power AI chip surge, SOXX +8.5%
Microsoft's fiscal Q4 blowout showed Azure growing 43% to cross $100 billion, triggering SOXX's best session in over a year at +8.5%. CoreWeave surged 21.5% on the AI-cloud read-through while Meta Platforms sank 7.9% on a Q2 earnings miss driven by legal charges and AI cost overruns.
ServiceNow jumps 7% on Q2 beat as ARM and Intel tumble; chip equipment selloff sends SOXX down 4.4%
ServiceNow surged 7.4% on a strong Q2 earnings beat while Intel fell 8% despite record revenue, as capex expansion plans rattled investors. ARM slid 8% ahead of its July 29 report and chip equipment stocks extended a month-long rout, sending SOXX down 4.4%.
CrowdStrike and Meta lead AI software surge as Bank of America's bubble call hammers semiconductor stocks, SOXX -6.4%
CrowdStrike surged 10.2% on a Wells Fargo upgrade and stock split confirmation while Meta jumped 8.8% on cloud monetization plans; Bank of America's bubble risk warning sent chip equipment stocks down as much as 10%, with SOXX losing 6.4% on the first trading day of the second half of 2026.
ServiceNow and Snowflake surge on enterprise AI rotation as chip equipment retreats, SOXX -5.6%
Enterprise software staged a decisive rotation above chip-equipment stocks on Friday, with ServiceNow, Snowflake, Datadog, and MongoDB each surging 7-10% on AI spending momentum. Applied Materials and Lam Research fell sharply in post-Micron profit-taking, pulling the SOXX semiconductor ETF down 5.64%.
ARM Holdings and chip-equipment stocks lead global semiconductor rout on South Korea market crash and rate fears, SOXX -7.88%
ARM Holdings plc tumbled 10.1% Monday as South Korea's KOSPI collapse and a Bank of America rate-hike warning triggered the AI semiconductor sector's sharpest single-session rout in months. SOXX fell 7.88% while enterprise software names ServiceNow, Cloudflare, and Salesforce posted gains of 2-3%.
ARM Holdings and AMD surge on Strait of Hormuz peace deal, SOXX +5.4%
Arm Holdings jumped 8.3% and Advanced Micro Devices gained 7.0% as the U.S.-Iran peace deal triggered a broad AI chip rally. The Philadelphia Semiconductor Index surged 5.4%, the Nasdaq added 3.1%, and the S&P 500 closed at a fresh record 7,554.
Lam Research and Intel surge on BofA upgrades as chip equipment recovery accelerates, SOXX +8.4%
Lam Research jumped 12.7% and Intel gained 9.3% as Bank of America upgrades and improving wafer-fab spending forecasts drove the SOXX semiconductor ETF up 8.4%, its best single-session gain in weeks. Oracle fell 8.5% despite a Q4 earnings beat as investors fixated on mounting capital expenditure commitments.
AMD and Lam Research power chip equipment surge on AI demand cycle, SOXX +6.1%
Advanced Micro Devices surged 7.8% and the SOXX semiconductor ETF jumped 6.1% to an all-time high on May 26, as chip equipment names Lam Research and Applied Materials added 5.7% and 5.3% on AI infrastructure demand. MongoDB fell 5.8% as traders lightened positions ahead of the company's first-quarter fiscal 2027 earnings, due Thursday after the closing bell.
Arm Holdings and Dell confirm AI infrastructure supercycle after Nvidia earnings beat; SOXX +0.85%
Arm Holdings surged 16% Thursday, extending a two-day 34% run built on Nvidia's record $81.6 billion first-quarter revenue beat. Dell Technologies added 4.1% as investors revisited the company's $43 billion AI-server backlog against the accelerating demand signals Nvidia confirmed.