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• Microsoft shares rose about 1.6% in pre-market trading to $393.06, up from a prior close of $386.74.
• The decline came on the company's debut day as a Nasdaq-100 index constituent.
• Coherent signed a three-year supply agreement with AXT Inc. covering 6-inch compound semiconductor wafer substrates.
• T-Mobile US shares rose about 2.4% in Tuesday trading to $182.56, up from a prior close of $177.52.
• TeraWulf shares rose about 6% in Tuesday trading to $22.37, up from a prior close of $21.18, snapping a seven-session losing streak.
• SK Hynix disclosed plans to spend approximately 11.9 trillion won, or roughly $8.6 billion, acquiring ASML's EUV lithography systems.
• AXT's subsidiary AXT-Tongmei signed a three-year supply agreement with Coherent Corp including a $22.29 million prepayment.
• A research firm raised its 12-month price target on the stock to $465 from $350 while maintaining a buy rating.
• Broadcom announced an expanded custom chip partnership with Apple extending through 2031.
• A research firm raised its 12-month price target on AMD to $640 from $450 while maintaining a buy rating.
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