AI Stock Surge Boosts US Market Indices

WHO:

ABC News - Companies in the artificial-intelligence technology industry, including Broadcom, Micron Technology, Advanced Micro Devices, SK Hynix, SpaceX, and TeraWulf.

AP News - Anthropic, a company that agreed to a deal with TeraWulf.

WHAT:

ABC News - The S&P 500 rose 0.7%, the Nasdaq composite increased by 1.3%, and the Dow Jones Industrial Average fell by 40 points, or 0.1%.

AP News - The yield on the 10-year Treasury edged down to 4.48% from 4.49% late Thursday.

AP News - The price of a barrel of Brent crude edged up by less than 0.1% to $72.13.

ABC News - SK Hynix plans to raise $28 billion by selling shares of stock that will trade in the United States on the Nasdaq, making it one of the biggest U.S. offerings ever, behind SpaceX’s IPO from last month, which raised $75 billion.

AP News - OPEC+ announced that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August, marking the fifth straight month that OPEC+ members have agreed to raise output.

ABC News - The global appetite for AI from investors will face an additional test later this week when SK Hynix plans to raise $28 billion by selling shares of stock that will trade in the United States on the Nasdaq.

ABC News - TeraWulf jumped 12.3% after it said Anthropic agreed to a 20-year deal to use its data center in Kentucky, expecting to bring in roughly $19 billion in revenue.

AP News - OPEC+ announced that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August.

ABC News - SK Hynix's stock in Seoul has more than tripled so far this year due to the AI boom, but it fell 14.6% on a recent Thursday.

ABC News - SpaceX's stock fell 0.7% in the last day of trading before it is scheduled to join the Nasdaq 100 index of the largest non-financial stocks on the Nasdaq.

ABC News - SK Hynix plans to raise $28 billion by selling shares of stock that will trade in the United States on the Nasdaq, making it one of the biggest U.S. offerings ever.

ABC News - TeraWulf's stock jumped 12.3% after announcing a 20-year deal with Anthropic, expecting to bring in roughly $19 billion in revenue.

ABC News - OPEC+ announced that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August.

ABC News - SK Hynix's stock offering is expected to be one of the biggest U.S. offerings ever, behind SpaceX’s IPO from last month, which raised $75 billion.

ABC News - TeraWulf's stock jumped 12.3% after announcing a 20-year deal with Anthropic to use its data center in Kentucky, expecting to bring in roughly $19 billion in revenue.

AP News - The yield on the 10-year Treasury edged down to 4.48% from 4.49% late Thursday.

Yahoo Finance - The U.S. economy added 57,000 jobs last month, roughly half the jobs economists had expected, with May's addition revised down to 129,000 and April's lowered to 148,000 from 179,000.

ABC News - The S&P 500 rose 0.7%, the Nasdaq composite increased by 1.3%, and the Dow Jones Industrial Average fell by 40 points, or 0.1%.

ABC News - Broadcom rose 3.8%, Micron Technology climbed 3.5%, and Advanced Micro Devices jumped 9.2%.

AP News - SK Hynix plans to raise $28 billion by selling shares of stock that will trade in the United States on the Nasdaq.

AP News - TeraWulf's stock jumped 12.3% after announcing a 20-year deal with Anthropic, expecting to bring in roughly $19 billion in revenue.

ABC News - Brent crude oil price edged up by less than 0.1% to $72.13.

WHERE:

ABC News - Wall Street, New York.

ABC News - SK Hynix is based in South Korea.

ABC News - TeraWulf's data center is located in Kentucky.

WHEN:

ABC News - SK Hynix's stock offering is scheduled to take place later this week.

ABC News - SpaceX is scheduled to join the Nasdaq 100 index of the largest non-financial stocks on the Nasdaq.

WHY:

Yahoo Finance - The June jobs report showed that the U.S. economy added 57,000 jobs last month, roughly half the jobs economists had expected, leading to a pullback in market conviction regarding a rate hike.

ABC News - There are rising doubts about whether investments in AI chips and data centers can generate sufficient productivity and profit gains.

HOW:

Bloomberg Markets - Rudina Seseri stated that she sees strong overall demand for AI infrastructure and does not expect AI capital expenditures to fall as companies aim to become vertically integrated in the AI business.

Bloomberg Markets - Rudina Seseri stated that she sees future demand for AI infrastructure lying in more specialized data sets for industries rather than wide-ranging data.

Bloomberg Markets - Rudina Seseri stated that future demand for AI infrastructure will lie in more specialized data sets for industries rather than wide-ranging data.

Bloomberg Markets - Rudina Seseri, founder and managing partner at Glasswing Ventures, stated that she sees strong overall demand for AI infrastructure and does not expect AI capital expenditures to fall as companies aim to become vertically integrated in the AI business.

ABC News - Broadcom announced long-term agreements to provide silicon products to Apple.

ABC News - TeraWulf is transitioning its business from bitcoin mining to high-performance computing.

(UPDATED July 7, 2026 17:39 UTC)

The S&P 500 rose by 0.7% and the Nasdaq composite increased by 1.3%, while the Dow Jones Industrial Average fell by 40 points, or 0.1%. In economic news, the June jobs report revealed that the U.S. economy added 57,000 jobs last month, which was about half of what economists had anticipated, leading to a pullback in market confidence regarding a potential rate hike. Meanwhile, Rudina Seseri highlighted strong demand for AI infrastructure, suggesting that companies are likely to continue investing in AI capital expenditures as they strive for vertical integration in the industry.

(UPDATED July 7, 2026 13:40 UTC)

SK Hynix is set to raise $28 billion by selling shares on the Nasdaq, making it one of the largest U.S. stock offerings ever, just behind SpaceX's recent IPO that brought in $75 billion. In a related development, OPEC+ has announced plans for seven of its members to increase oil production by a total of 188,000 barrels per day in August, marking the fifth consecutive month of output increases. Meanwhile, Rudina Seseri highlighted that future demand for AI infrastructure is likely to focus on more specialized data sets tailored for specific industries rather than broad data collections.

(UPDATED July 7, 2026 10:08 UTC)

This week, SK Hynix is set to test the global appetite for AI by raising $28 billion through a stock sale on the Nasdaq. In other news, TeraWulf's shares surged by 12.3% after announcing a 20-year partnership with Anthropic, which is expected to generate around $19 billion in revenue from its Kentucky data center. Meanwhile, OPEC+ revealed that seven of its members will increase oil production by a total of 188,000 barrels per day starting in August.

(UPDATED July 7, 2026 06:20 UTC)

SK Hynix's stock in Seoul has seen remarkable growth, tripling this year due to the AI boom, but it recently took a hit, falling 14.6% on a Thursday. Meanwhile, SpaceX's stock dipped 0.7% just before its anticipated inclusion in the Nasdaq 100 index, which features the largest non-financial stocks. This market activity comes on the heels of the June jobs report, revealing that the U.S. economy added only 57,000 jobs last month, about half of what economists had predicted, which has led to a decrease in confidence regarding a potential rate hike.

(UPDATED July 6, 2026 21:24 UTC)

SK Hynix is set to raise an impressive $28 billion by selling shares that will trade on the Nasdaq, marking one of the largest offerings in U.S. history. Meanwhile, TeraWulf's stock surged by 12.3% following the announcement of a 20-year deal with Anthropic, which is projected to generate around $19 billion in revenue. In the oil sector, OPEC+ revealed that seven of its members will increase production by a total of 188,000 barrels per day starting in August.

(UPDATED July 6, 2026 19:31 UTC)

In a significant development for the financial markets, SK Hynix's upcoming stock offering is anticipated to be one of the largest in U.S. history, second only to SpaceX’s recent IPO that raised $75 billion. Meanwhile, TeraWulf's stock surged by 12.3% following the announcement of a 20-year partnership with Anthropic, which is projected to generate approximately $19 billion in revenue. On the economic front, the U.S. added 57,000 jobs last month, falling short of expectations, while previous job additions for May and April were also revised down.

(UPDATED July 6, 2026 17:53 UTC)

In a significant market update, the S&P 500 rose by 0.7% while the Nasdaq composite increased by 1.3%, although the Dow Jones Industrial Average fell by 40 points. Notably, TeraWulf's stock surged by 12.3% following a 20-year deal with Anthropic, which is expected to generate around $19 billion in revenue, and SK Hynix plans to raise $28 billion through a stock offering later this week. Meanwhile, Broadcom, Micron Technology, and Advanced Micro Devices saw substantial gains, with Advanced Micro Devices jumping by 9.2%, as companies in the AI technology sector continue to navigate a landscape filled with rising doubts about profitability and productivity.