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US STOCKS-Nasdaq Futures Lead Gains as SpaceX, Super Micro Results Lift AI Stocks
SpaceX’s first profit and Super Micro’s upbeat outlook eased worries about AI spending, while Netflix fell more than 6% on a weak forecast.
- Nasdaq futures rose Wednesday following strong quarterly results from SpaceX and Super Micro Computer, which revived investor appetite for AI-linked stocks after recent sector weakness.
- SpaceX founder Elon Musk dismissed AI overcapacity concerns as "ridiculous" on the earnings call, with Super Intelligence revenue surging 830% to $7.6 billion year-over-year.
- Super Micro jumped 12.7% after forecasting quarterly revenue above Wall Street estimates, signaling that AI infrastructure demand remained resilient despite recent volatility.
- Netflix shares fell over 6% after the streaming giant issued a weaker-than-expected fourth-quarter profit forecast, tempering the broader market's AI-driven gains.
- SpaceX guided for $35 billion to $40 billion in capital expenditures for 2026, while Musk stated confidence in bringing 10 gigawatts of incremental compute online in 2027.
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AI Cloud Stocks Rise as Musk Calls Overcapacity Talk 'Ridiculous': Nebius and CoreWeave Gain 3%, Oracle Edges Higher
Elon Musk spent last week spooking AI cloud investors with a single word, then reversed course entirely on a SpaceX earnings call, and now Nebius and CoreWeave shares are racing to recover ground while one critical market signal holds the key to whether this bounce lasts.
·Lakewood, United States
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US stocks today: US stocks open higher as SpaceX, Super Micro results lift AI stocks
Wall Street opened higher on Wednesday, led by gains in technology and AI stocks after quarterly results from SpaceX and Super Micro Computer improved investor appetite. The Nasdaq gained 0.67%, while the S&P 500 and Dow Jones also rose. Netflix slipped as its outlook disappointed investors.
·India
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Total News Sources17
Leaning Left1Leaning Right3Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
11%
C 56%
R 33%
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