U.S. stock market’s three major indexes opened mixed: AI hardware stocks rose across the board, while IBM fell 22%.

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The three major U.S. stock indexes opened mixed: the Dow Jones Industrial Average fell 0.25%, the S&P 500 rose 0.13%, and the Nasdaq Composite rose 0.49%. AI hardware stocks all rose, with the memory sector leading the gains. Among popular stocks, SanDisk rose 8%, TSMC’s share price rose 2.17%, SK Hynix rose 11.29%, Micron Technology rose 5.68%, AMD rose 6.62%, and Intel rose 3.82%. IBM’s share price plunged more than 22% after the company reported that its preliminary second-quarter sales were below expectations. The company attributed the shortfall to customers shifting spending to chips and servers.
IBM-25.23%
SPYX0.69%
SNDK5.05%
TSM-0.23%
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