The New York Stock Market began a decline in the early morning (US Eastern Time) at 10 a.m., focusing on technology stocks, while the Nasdaq index recorded a modest drop of about 0–0.4%. Major semiconductor and memory companies such as SK Hynix, Sandisk, Western Digital, and Mable Technology each fell between 2.5% and 4%. This movement weighed on tech‑stock investor sentiment and analysts noted that overall market volatility increased.
In contrast, SpaceX exhibited a rising trend after announcing strong real‑world results for its AI cloud services. According to the announcement, the company recorded a 161% revenue growth in the first half of this year, achieved without any supply‑chain issues or regulatory obstacles. CEO Elon Musk emphasized that there were no supply issues and highlighted how the AI‑based cloud service was receiving immediate market reaction. He also expressed positive views on the merger talks between Tesla and other firms, stating that both companies would form a special committee to discuss cooperation plans.
Following this announcement, Meta released its own results, and the market entered a tech‑stock recovery phase; the Nasdaq index displayed an upward trend. Other companies also saw their shares rise as expectations for expanded AI and cloud‑based services grew. Investors recognized both opportunity and risk in this volatility and reevaluated portfolio adjustments and risk management.
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