OurAlpha US Market Morning Brief — July 1, 2026
Tech led the charge Wednesday as the Nasdaq 100 surged 1.70%, while Super Micro's Taiwan office was raided over alleged Nvidia chip smuggling and Intel popped 6% after hours ahead of Q2 earnings.
US equities closed mixed Wednesday, with tech strength driving the Nasdaq higher. Key stories: Super Micro's Taiwan office raided in an Nvidia chip-smuggling probe, the FDA selects seven drugmakers including Eli Lilly and Regeneron for an accelerated domestic manufacturing approval pilot, and Intel surges 6% after hours ahead of Q2 earnings.
- Indices: S&P 500 +0.78%, Nasdaq 100 +1.70%, Dow +0.14%
- Super Micro's Taiwan office raided over alleged Nvidia chip smuggling
- FDA picks Eli Lilly, Regeneron and five others for domestic facility pre-check pilot
- Intel jumps 6% after hours ahead of Q2 earnings release
Market Overview
US stocks finished Wednesday on a mixed note, with tech outperformance lifting the Nasdaq. The S&P 500 gained 0.78% to close at $746.77; the Nasdaq 100 rose 1.70% to $736.40; and the Dow edged up 0.14% to $522.39. The overall tone was cautiously optimistic, though individual names moved sharply on company-specific news.
Top Stories
Super Micro Computer's Taiwan office was raided by local prosecutors in connection with an alleged Nvidia chip-smuggling case. The company issued a statement saying it is cooperating with the investigation but declined to share further details. The incident has put fresh scrutiny on supply-chain compliance risks across the semiconductor sector. Read more
The FDA announced a new pre-check pilot program, selecting seven pharmaceutical companies — including Eli Lilly (LLY) and Regeneron (REGN) — to fast-track approvals for domestic drug manufacturing facilities. The move is the latest step in Washington's push to secure the US pharmaceutical supply chain and reduce reliance on overseas production. Read more
With memory chip prices on the rise, analysts are weighing the relative investment case for Nvidia-heavy portfolios versus Micron Technology (MU). AI-driven demand continues to push memory prices higher, though companies differ meaningfully in their positioning and risk exposure within the supply chain. Read more
Intel (INTC) jumped 6% in after-hours trading ahead of its Q2 earnings report, as investors grow cautiously optimistic about the company's results and restructuring progress. The key question: can Intel close the gap with rivals in data center and AI chips? Read more
This content is for informational purposes only and does not constitute investment advice, trading advice, or any guarantee of returns.
