US equity markets trended higher on Tuesday, supported by continued momentum in the technology and semiconductor sectors.

S&P 500 (S&P 500 index(SPX.US)): ~6,935.37 (+0.49%)

Nasdaq 100 (NASDAQ-100(NDX.US)): ~25,607.85 (+0.81%)

Dow Jones Industrial Average (Dow Jones Industrial Average(DJI.US)): ~49,110.11 (+0.27%)

Sector & Stock Movers

1. AI Infrastructure & Cloud Computing

• Nebius Group N.V. Class A(NBIS.US) (Nebius): Shares surged over 6% at the open. The company announced it will deploy $NVDA (Nvidia)'s Vera Rubin NVL72 GPUs in its US and Europe data centers starting H2 2026.
  • Key Development: Nebius will integrate the Vera Rubin platform into its "Nebius AI Cloud" and "Nebius Token Factory" (an inference and post-training platform).
  • Management Commentary: CEO Arkady Volozh stated this infrastructure will help customers build agentic and inference-based AI systems more efficiently.
  • Strategic Fit: The Rubin platform complements Nebius's existing capacity of Nvidia GB200 and Grace Blackwell Ultra NVL72 units.
• NVIDIA Corporation(NVDA.US) (Nvidia):
  • Catalyst: CEO Jensen Huang confirmed on Monday that the next-gen Vera Rubin computing platform is now in full mass production.
  • Specs: Senior Director Dion Harris described Vera Rubin as "an AI supercomputer made of six chips" (Vera CPU, Rubin GPU, 6th-gen NVLink, ConnectX-9, BlueField 4 DPU, Spectrum-X). The Rubin GPU features the 3rd-gen Transformer Engine with 50 PFLOPS of inference power (5x the previous Blackwell generation).
  • Efficiency: The platform can train massive "Mixture of Experts" (MOE) models with 1/4 the GPUs and 1/7 the cost per token compared to previous generations. It is also the industry's first rack-level trusted computing platform.

2. Memory & Storage

• Sandisk Corporation(SNDK.US) (SanDisk): The stock skyrocketed over 20%, hitting a new all-time high and accumulating a 40% gain over the last three sessions.
• Sector Sympathy:
  • Micron Technology, Inc.(MU.US) (Micron): Up >6%.
  • Western Digital Corporation(WDC.US) (Western Digital): Up >4%.
  • Seagate Technology Holdings PLC(STX.US) (Seagate Technology): Up >4%.

3. Semiconductor Equipment & Materials

• Sector Trend: The $LIST2016 (Semiconductor Equipment & Materials) concept continued its rally.
• Key Movers:
  • Amkor Technology, Inc.(AMKR.US) (Amkor Technology): Up >9%.
  • Lam Research Corporation(LRCX.US) (Lam Research): Up >5%.
  • Applied Materials, Inc.(AMAT.US) (Applied Materials): Up >4%.
  • ASML Holding NV ADR(ASML.US) (ASML): Up >1%, reaching a new all-time high.

4. Biotechnology: Weight Loss & Gene Editing

• Weight Loss Drugs:
  • Arrowhead Pharmaceuticals, Inc.(ARWR.US) (Arrowhead Pharmaceuticals): Surged >16%.
  • Novo Nordisk A/S Sponsored ADR Class B(NVO.US) (Novo Nordisk): Up >4%.
  • Eli Lilly and Company(LLY.US) (Eli Lilly) & Pfizer Inc.(PFE.US) (Pfizer): Both up >2%.
• Gene Editing:
  • Beam Therapeutics(BEAM.US) (Beam Therapeutics): Up nearly 10%.
  • CRISPR Therapeutics AG(CRSP.US) (CRISPR Therapeutics): Up >7%.
  • Vertex Pharmaceuticals Incorporated(VRTX.US) (Vertex Pharmaceuticals): Up >4%.

5. Energy & Materials: Nuclear & Copper

• Nuclear Power: Strong performance across the board.
  • Oklo Inc. Class A(OKLO.US) (Oklo), Vistra Corp.(VST.US) (Vistra Corp), Centrus Energy Corp. Class A(LEU.US) (Centrus Energy): All up >5%.
  • NuScale Power Corporation Class A(SMR.US) (NuScale Power): Up >4%.
• Copper:
  • Freeport-McMoRan, Inc.(FCX.US) (Freeport-McMoRan): Up nearly 4%.
  • Southern Copper Corporation(SCCO.US) (Southern Copper): Up >3%.
  • BHP Group Ltd Sponsored American Depositary Receipt Repr 2 Shs(BHP.US) (BHP Group) & $TECK (Teck Resources): Up >2%.