• Cipher Digital (NASDAQ: CIFR) is rallying on renewed conviction in its transformation into an AI and HPC data center landlord.
• Cipher Digital (NASDAQ: CIFR) shares benefit as Futurum Group CEO Daniel Newman pushes back on AI overcapacity fears tied to Meta's compute-sharing move.
• Qualcomm (NASDAQ: QCOM) is surging nearly 6%, leading a broad semiconductor rebound after last week's AI oversupply-driven selloff.
• Circle Internet Group (NYSE: CRCL) is rebounding as contrarian institutional buyers, including ARK Invest, step in after a 40% drawdown.
• Bit Digital (NASDAQ: BTBT) is rebounding after closing at $1.65 on July 4, a session that saw a 6.78% decline amid mining sector headwinds.
• Teradyne (NASDAQ: TER) shares are recovering after a 14% weekly decline tied to AI overcapacity fears sparked by Meta's compute-sharing news.
• Hewlett Packard Enterprise (NYSE: HPE) surged over 5% following the Computex launch of its ProLiant Compute DL394 Gen12 server featuring Nvidia's Vera CPUs.
• Monolithic Power Systems (NASDAQ: MPWR) is surging over 6%, sharply outperforming both the semiconductor sector and XLK.
• AMD (NASDAQ: AMD) is surging nearly 9%, approaching its 52-week high, as chip stocks rebound from last week's AI oversupply scare.
• AMD (NASDAQ: AMD) shares are rallying on the strength of its AI data center growth story, with Q1 revenue up 37.8% year over year to $10.25 billion.