US Indexes Open Higher While Micron and SanDisk Drop 5%

Dow Jones, S&P 500, and Nasdaq open with modest gains. Alibaba rises on AI model news, while storage stocks Micron and SanDisk fall 5%.

Woofun AI data shows that major U.S. equity indexes opened higher, with the Dow Jones advancing 0.52%, the S&P 500 rising 0.33%, and the Nasdaq gaining 0.3%. Alibaba shares climbed 3.5% following the reveal of its Qianwen 3.8-MAX artificial intelligence model, whereas SpaceX stock declined by 3%. In the storage sector, Micron Technology and SanDisk both fell 5%.