Kholida Qothrunnada
Kholida Qothrunnada
Wall Street closed higher on a chip-led rally, and tonight Tesla and Alphabet open Magnificent Seven earnings season.
US stocks closed green on Tuesday. The Nasdaq led with a 1.3% gain, driven by a surge in memory and AI chip names.
Micron jumped 12% and AMD rose 8% after its AI deal with Microsoft. The rally lifted almost the entire tech tape.
But the main event is tonight. Tesla and Alphabet report after the US close, opening the second-quarter Magnificent Seven earnings run.
| Stock | Movement | What to Watch |
|---|---|---|
| TSLA | Reports tonight (post-market) | Auto margins and cash flow, after a record 480,126 deliveries and 13.5 GWh of energy storage |
| GOOGL | Reports tonight (post-market) | Google Cloud growth and AI capex guidance around $185-190 billion |
| NVDA | Firmer with Tuesday's chip rally | AI-chip sentiment, Wistron's first US superchip plant in Texas now online |
| MU | +12% Tuesday | Morgan Stanley sees memory prices rising as much as 25% on AI demand |
| AMD | +8% Tuesday | Extending the rally after its AI deal with Microsoft |
Tesla (TSLA) reports tonight after the close. Consensus is around $26.4 billion in revenue and $0.53 EPS, off a record 480,126 Q2 deliveries. The focus now shifts to automotive gross margin and the pace of energy-storage deployment. Alphabet (GOOGL) follows the same evening, expected to post roughly $116.8 billion in revenue and $2.89 EPS. Investors are watching Google Cloud growth and the scale of AI infrastructure spending.
Memory names led Tuesday's gains. Micron (MU) surged 12% and Sandisk rose 14%, while AMD (AMD) added 8% after its AI deal with Microsoft. Super Micro jumped 15%. Morgan Stanley expects memory prices could climb 25% on AI demand, a positive signal for Nvidia (NVDA) and the broader chip supply chain.
Wall Street closed broadly higher Tuesday: the S&P 500 +0.9%, Nasdaq +1.3%, and Dow +0.7%. Beyond the watchlist, Sandisk +14% and Super Micro +15% added fuel to the chip rally. Tonight's focus will shift quickly to the price reaction after Tesla and Alphabet report.
WTI crude rose 2.2% to around $84 and gold held near $4,080 amid Iran and Red Sea tensions. The 10-year Treasury yield sits at 4.63%, while the rupiah trades near 17,900 per US dollar.
The chip rally hands the market positive momentum into a decisive night. But the Tesla and Alphabet reports can shift the tone fast, in either direction.
If you follow tech stocks, tonight is about watching the price reaction after the prints, not just the consensus numbers. What stocks are you watching tonight?
Disclaimer
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