Tech Stocks Rise as Investors Await SpaceX's First Earnings Report
Tech stocks rose in early trading on Monday amid anticipation for SpaceX’s first-ever quarterly earnings report, scheduled to be released after the bell on Tuesday. The space and AI company has seen its stock fall nearly 30% from its $150 debut price, prompting investors to look for signs of a turnaround. AMD is also set to release results later in the day, offering insight into the state of the AI chip market. Intel recently exceeded expectations with both revenue and profit figures while issuing stronger-than-expected guidance. Nvidia will report on August 26. Meanwhile, Amazon’s market cap surpassed $3 trillion for the first time, and Microsoft's stock continued to rise following strong earnings last week.
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