AI stocks lift Nasdaq after SpaceX, Super Micro results

reuters.com [$] —

The Nasdaq led U.S. stock gains on Wednesday after strong quarterly results from SpaceX and Super Micro Computer boosted investor appetite for AI-linked stocks, while Netflix declined on a weak forecast. SpaceX shares rose 10.7% after Elon Musk suggested a merger with Tesla, and the company posted its first profit as a public firm. Super Micro jumped 12% after forecasting quarterly revenue and profit margins above estimates, signaling resilient AI demand, with peers HPE and Dell also rising. The gains followed last week's selloff in AI stocks amid profitability concerns, with CoreWeave still down 2.4%. Netflix fell 2.5% on a weaker fourth-quarter profit forecast, while AT&T dropped 4.4% despite beating estimates. Oil prices remained elevated near $110 a barrel.


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