US Stocks Rally as Nasdaq Gains 2% and Storage Shares Surge Over 10%

Broad US equity rebound lifts Nasdaq 2% and S&P 500 1%. Semiconductor storage stocks jump 10-17% while Microsoft and ARM post significant earnings-driven gains.

Woofun AI data shows that US equities rallied broadly, with the Nasdaq Composite rising over 2%, the Dow Jones up 0.48%, and the S&P 500 gaining more than 1%. The Philadelphia Semiconductor Index climbed over 6%, approaching its largest single-day advance in a month.

Major memory chip manufacturers posted double-digit gains, including Micron Technology at 10.44%, SK Hynix at 10.02%, SanDisk at 17.24%, Western Digital at 14.33%, Seagate Technology at 16.38%, and Kioxia ADR at 10.95%. Microsoft shares expanded gains to over 15%, driven by Q4 FY2026 revenue of $90 billion, an 18% year-over-year increase, with Azure cloud growth accelerating to 43%. ARM stock rose nearly 19% after reporting Q1 FY2027 revenue of $1.289 billion, a 22% year-over-year rise.