TREE NEWS reports: The Nasdaq rose 1.1% at the open, while the Philadelphia Semiconductor Index gained more than 3%. Memory chip stocks led gains, with SanDisk up about 7%, Western Digital and Micron each up about 5%, and SK Hynix up about 4%. Optical stocks also climbed, including Marvell and Credo at about 5% and 4%, respectively. X-Energy rose about 6% after teaming with AEP and Amazon on a 960-megawatt advanced nuclear project.
Nasdaq opens up 1.1% as chip and optical stocks rally
AI take
The breadth of the move — memory, optical and nuclear names advancing together rather than a single theme carrying the index — suggests appetite for AI-adjacent infrastructure is broadening beyond the usual leaders. The X-Energy jump tied to a utility and hyperscaler partnership is the more telling signal: power supply, not just compute, is being priced as part of the buildout. Whether that nuclear pairing draws imitators among other small modular players is the open question worth watching.
Generated by AI for reference only.
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