Nvidia's shares rose by 2.3% following its announcement of a partnership with SK Hynix to develop advanced memory for its AI factory, highlighting the company's commitment to expanding its AI capabilities. Marvell Technology saw a significant increase of nearly 9%, while Flex shares climbed 4% after both companies were added to the S&P 500, replacing Campbell's and Pool Corp.
This inclusion could enhance their visibility and attract more investment. Nurix Therapeutics experienced a remarkable 24% surge in its stock price after revealing a collaboration with Roche to develop bexobrutideg, a protein degrader aimed at treating cancers and autoimmune diseases, indicating strong market interest in biotech innovations.
Honeywell's shares gained slightly as it reaffirmed its 2026 outlook in anticipation of its Aerospace spin-off, which may signal confidence in future growth.
Additionally, chip stocks rebounded after a recent sell-off, with Micron Technology's shares bouncing back by 7%, Broadcom gaining 3%, and Advanced Micro Devices increasing by 2.7%, reflecting a recovery in investor sentiment towards the semiconductor sector