Overnight US Stocks | All Three Major Indexes Closed Higher, Philadelphia Semiconductor Index Surged Over 5%, Super Micro Computer (SMCI.US) Rose Over 20% After Hours

According to Zhitong Finance APP, on Tuesday, the three major indices rose, with the S&P 500 rebounding after three consecutive days of declines. The Philadelphia Semiconductor Index surged over 5%, with chip stocks advancing across the board.

[U.S. Stock Market] At the close, the Dow Jones rose 385.56 points, or 0.74%, to 52,224.82 points; the Nasdaq gained 329.13 points, or 1.29%, to 25,837.21 points; the S&P 500 increased 65.92 points, or 0.89%, to 7,509.20 points. SK Hynix (SKHY.US) jumped 13.7%, Micron Technology (MU.US) rose 12%, SanDisk (SNDK.US) climbed 14%, Nvidia (NVDA.US) gained nearly 2%, and SpaceX (SPCX.US) was up 3%. The Nasdaq Golden Dragon China Index closed down 0.69%.

Super Micro Computer (SMCI.US) expects Q4 revenue to be near the lower end of the guidance range of $11 billion to $12.5 billion. The company projects Q4 gross profit margin to be between 15% and 17%, much higher than the previous guidance of 8.2% to 8.4%. At the end of the fiscal year, outstanding orders reached a record high, with over $60 billion in new orders to be delivered recorded for the quarter. Super Micro Computer shares surged over 20% in after-hours trading.

[European Stocks] Germany's DAX30 index rose 152.88 points, or 0.61%, to 25,014.55 points; the UK's FTSE 100 index gained 58.24 points, or 0.55%, to 10,583.00 points; France's CAC40 index was up 23.03 points, or 0.28%, to 8,363.14 points; the Euro Stoxx 50 index increased 55.75 points, or 0.90%, to 6,283.15 points; Spain's IBEX35 index rose 173.57 points, or 0.90%, to 19,380.47 points; Italy's FTSE MIB index gained 439.21 points, or 0.85%, to 52,302.00 points.

[Asian Stock Markets] The Nikkei 225 index gained over 3%, and the Korea Composite Stock Price Index rose over 3.5%.

[U.S. Dollar Index] The U.S. Dollar Index, which measures the dollar against six major currencies, rose 0.21% on the day and closed at 101.172 in the late Forex market. As of the close in New York Forex market, 1 euro exchanged for 1.1403 U.S. dollars, lower than 1.1415 in the previous session; 1 British pound exchanged for 1.3381 U.S. dollars, lower than 1.3436 in the previous session. 1 U.S. dollar exchanged for 163.18 yen, higher than 162.50 in the previous session; 1 U.S. dollar exchanged for 0.8129 Swiss francs, higher than 0.8100 in the previous session; 1 U.S. dollar exchanged for 1.4107 Canadian dollars, higher than 1.4059 in the previous session; 1 U.S. dollar exchanged for 9.7035 Swedish krona, higher than 9.6856 in the previous session.

[Cryptocurrency] Bitcoin broke through $66,000, and as of press time was quoted at 66,352 yuan; Ethereum rose over 1.4% to the $1,924 mark.

[Crude Oil] The August light crude oil futures price on the New York Mercantile Exchange rose $1.68, closing at $84.91 per barrel, up 2.02%. The September delivery Brent crude oil futures price in London rose $1.79, closing at $91.01 per barrel, up 2.01%.

[Precious Metals] Spot gold rose 1.7% to $4,077.89; spot silver was at $58.802.

[Macro News]

U.S. House Speaker Johnson: The U.S.-Iran war needs to end, room should be left for negotiations. According to reports, U.S. House Speaker Mike Johnson did not give a clear response on Tuesday when asked whether he would push for a vote related to the War Powers Act, but stated that the U.S.-Iran war needs to end and that the U.S. should also gain support from other parties to promote an end to the war. Johnson stated that he believes politicians should "leave room for the government" to seek a negotiated end to the war. He said, "I know the current government is working around the clock to seek a solution that can avoid further U.S. military casualties." However, Johnson reiterated that the U.S. must ensure Iran does not possess nuclear weapons.

Korean Media: Wealthy investors have recently bought single-stock leveraged ETFs for Samsung and SK Hynix. High-net-worth individuals with more than 10 billion won in financial assets are also actively buying leveraged ETFs linked to Samsung Electronics and SK Hynix. Among retail investors, those in their 40s bought the largest scale of single-stock leveraged ETFs for Samsung Electronics and SK Hynix. The Seoul Economic Daily commissioned a large brokerage firm to analyze the portfolios of 25,000 high-net-worth individuals from May 27 to July 10 this year. The analysis showed that three of the top five most net-bought targets were single-stock leveraged ETFs for Samsung Electronics and SK Hynix. They made net purchases of 178.1 billion won for the "KODEX SK Hynix single-stock leveraged ETF" and 140.1 billion won for the "TIGER SK Hynix single-stock leveraged ETF," as well as 116.6 billion won for the "KODEX Samsung Electronics single-stock leveraged ETF." Given that the remaining two among the top five targets were also ordinary shares of Samsung Electronics and SK Hynix, this indicates that wealthy investors have adopted a heavy-betting strategy on the two Korean stock market giants.

CIBC: Trump’s new tariffs mark the start of tough USMCA negotiations. Analysts at the Canadian Imperial Bank of Commerce stated that the latest tariff threats from U.S. President Trump against Canada mark the beginning of tough negotiations on the North American trade agreement. The White House announced on Monday that it will impose a 50% tariff on some Canadian goods, citing Canada’s unfair treatment of U.S. alcoholic beverages, automobiles, and dairy products. The new tariffs are scheduled to take effect in 30 days, just as parties begin discussing the future of the United States-Mexico-Canada Agreement (USMCA), which was signed during Trump’s first presidential term. CIBC analysts said the selection of products affected by these tariffs is “largely political.” The bank noted that the U.S. government is taking action under Section 338 of the Tariff Act of 1930, which allows the president to impose tariffs of up to 50% on countries deemed to be discriminating against U.S. commerce.

[Stock News]

Google launches a series of lower-cost Gemini models. Google (GOOG.US, GOOGL.US) on Tuesday launched three new Gemini AI "Flash" models, all focused on improving efficiency. The release comes as the use of open-source models that can run at lower costs is surging. The focus of AI competition has shifted from vying for benchmark test leadership to who can deliver the best-performing models at the lowest cost. The newly released models include: ① Gemini 3.6 Flash: A faster and cheaper upgrade to 3.5 Flash, which Google says reduces output tokens by up to 17% while improving code writing, inference capability, and multimodal performance. ② Gemini 3.5 Flash-Lite: A lower-cost model designed for high-frequency AI agents and document processing tasks. ③ Gemini 3.5 Flash Cyber: A model focused on cybersecurity, used to identify and fix software vulnerabilities. Currently, this model is only available to government agencies and select partners through Google’s CodeMender platform.

Apple to collaborate with Klarna to launch “Upgrade” device leasing program to boost sales. Apple (AAPL.US) plans to launch a leasing program called "Upgrade," which will be one of the most significant changes to its device sales model in the company’s history. According to sources, the service is expected to launch on July 28, initially in the U.S. market, supporting most iPhone, Mac, iPad, and Apple Watch models. Apple will collaborate with the Klarna Group, which will provide financial support for the program. The plan will first launch in the U.S. and will be available both at Apple’s physical retail stores and online platforms. The service will adopt a subscription-like model, allowing users to prepay device fees during the lease period, upgrade to newer products early, or retain the device after the lease ends. In some cases, early transactions may require an additional fee. Similar to car leasing, users may also return the device at the end of the lease period. iPhone and Apple Watch have a 24-month lease period, while Mac and iPad have a 36-month period.

Nvidia says delivery of new Rubin architecture chips to customers is progressing smoothly. Nvidia (NVDA.US) stated that its latest generation Vera Rubin chip architecture is being delivered to customers, helping to strengthen its industry leadership. Ian Buck, Nvidia Vice President and General Manager, said that computing systems based on Vera Rubin technology have already been delivered to leading AI enterprises and are entering the deployment phase. "We have entered full-scale mass production, and all major customers are deploying related systems."

[Major Bank Ratings]

HSBC Holdings: Raised the target price for Morgan Stanley (MS.US) from $190 to $215; upgraded Goldman Sachs (GS.US) from "reduce" to "hold"; raised the target price from $834 to $995.