Stock Market Today: Microsoft Ignites Chip Rebound as SanDisk Jumps 24%
Microsoft's 43% cloud growth revived the AI trade and lifted chipmakers, but Meta's guidance miss and a 19-year high in 30-year yields capped the rebound.
Microsoft did really well with its cloud business, which made people excited about computer chip companies again. But some other big tech companies disappointed, so the good news got balanced out by the not-so-good news.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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