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US stock three major indices opened mixed: AI hardware stocks were up across the board, while IBM fell 22%.

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Golden Finance reported that the three major U.S. stock indexes opened mixed: the Dow Jones fell 0.25%, the S&P 500 rose 0.13%, and the Nasdaq Composite rose 0.49%. AI hardware stocks all moved higher, with the storage sector leading the gains. Among popular individual stocks, SanDisk rose 8%, shares of TSMC rose 2.17%, SK hynix rose 11.29%, Micron Technology rose 5.68%, AMD rose 6.62%, and Intel rose 3.82%. IBM’s stock plunged more than 22% after the company released preliminary Q2 sales that came in below expectations. The company attributed its performance missing expectations to customers shifting spending toward chips and servers.
IBM-25.23%
SNDK5.05%
TSM-0.23%
SKHY26.29%
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