Chip Rally Pushes Markets Higher as Microsoft Leads Gains and SpaceX Contract Stirs Sentiment
TL;DR Summary
Stocks rose on a chip-led rebound amid cooling inflation, with Microsoft up about 16% after strong Q4 results and unchanged AI-capex guidance. Meta declined after missing earnings and soft AI-spending signals. Samsung posted an outsized profit surge, lifting Micron alongside gains in Sandisk and Lam Research as AI demand remained strong. SpaceX advanced on news of a $1.6 billion Space Force contract, while Arm rose on upbeat Q1 results and Qualcomm fell on softer earnings. Apple slipped ahead of its report and Amazon rose ahead of its results, reflecting a broader market move driven by AI and hardware demand.
- Sandisk, Micron, Apple, SpaceX, Samsung, Microsoft, Meta, and More Stocks That Explain Today’s Market Barron's
- Stock Market News, July 30, 2026: Nasdaq Leaps, Fueled by Big Rally in Microsoft Shares WSJ
- AMD and Micron surge, Lam Research climbs 17% as chip stocks rip higher CNBC
- Wall Street ends sharply higher, lifted by soaring Microsoft Reuters
- Stock market today: Dow, S&P 500, Nasdaq futures edge up ahead of inflation data Yahoo Finance
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