U.S. Stocks Rise on Semiconductor Rebound Amid Geopolitical Tensions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: CNBC
- Market Rebound: U.S. stocks rose on Thursday, driven by a rebound in semiconductor stocks, with the Dow Jones Industrial Average gaining approximately 341 points, or 0.67%, while the S&P 500 and Nasdaq Composite increased by 0.38% and 0.52%, respectively, demonstrating market resilience amid geopolitical tensions.
- SpaceX IPO Outlook: Wall Street analysts initiated coverage on SpaceX, with New Street Research assigning a $165 price target and Oppenheimer setting a $190 target, as Jim noted that the IPO is likely to have a significant impact on broader market trading, potentially influencing market dynamics for the next month.
- Honeywell Investor Day: Ahead of its planned breakup into aerospace and automation businesses on June 29, Honeywell held an investor day, where Jim expressed optimism about the long-term value creation potential of the automation segment, arguing that the market is underestimating this opportunity, with a potential upside of 50 points post-restructuring.
- Rapid Stock Review: At the end of the video, Jim highlighted stocks including Oracle, Danaher, and Kontoor Brands, indicating ongoing investor interest and potential investment opportunities in these companies.
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About SPCX
Space Exploration Technologies Corp. designs, manufactures, launches, and operates products and services built on technologies, including rockets and spacecraft. The Company's segments include Space, Connectivity, and artificial intelligence (AI). Its Space segment designs, manufactures, and launches reusable rockets to provide access to space. Its Connectivity segment operates broadband data and communications network powered by approximately 9,600 Starlink broadband and mobile satellites in Low-Earth orbit, delivering connectivity to consumer, enterprises, and government customers over 164 countries, territories, and other markets. In its AI segment, it operates a vertically integrated AI platform spanning its truth-seeking frontier model Grok, AI solutions for consumer and enterprise customers, X-its real-time information, entertainment, and free speech platform and AI computational infrastructure.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- New ETF Trend: Yorkville America and Corgi Securities are set to launch exchange-traded funds (ETFs) linked to emerging AI stocks, marking a new trend in the ETF industry following SpaceX's record $75 billion IPO.
- MANGOS Concept Investment: The ETFs will revolve around the emerging concept of “MANGOS,” aimed at replacing the “Magnificent 7” to help investors focus on market-leading growth companies, including four public firms like Meta, Nvidia, Google, and SpaceX, along with two private entities.
- Portfolio Construction Strategy: Yorkville's Mango Plus ETF will combine core “MANGOS” stocks with seven other companies, such as Micron and SanDisk, to capitalize on AI adoption, while Corgi will focus solely on the six core MANGOS stocks, demonstrating strong confidence in the AI sector.
- Expected Launch Timeline: According to SEC regulations, both ETFs are expected to debut by the end of August, reflecting strong market demand and rapid responsiveness for AI-related investment products.
See More
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- Market Resilience: Micron's stock defied the broader market sell-off by rising 3.5% before 3:40 PM, reflecting investor confidence in its growth prospects, particularly in the context of the SpaceX IPO dynamics.
- SpaceX Cash Influx: Following its IPO, SpaceX raised $80 billion in cash and achieved a $2.5 trillion valuation, with expectations to invest heavily in semiconductors, particularly AI chips, which will directly boost Micron's sales growth.
- AI Business Potential: As SpaceX plans to expand its AI business, projected annual revenues could reach $30 trillion, further stimulating demand for Micron's memory chips and enhancing its market position.
- Relative Valuation Advantage: Even after a valuation of 20x sales, Micron's stock remains 6x cheaper than SpaceX, providing an attractive opportunity for investors and potentially drawing more capital into the company.
See More
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- IPO Pricing and Valuation: SpaceX priced its IPO at $135 per share, valuing the company at nearly $1.77 trillion, marking the largest IPO in history and making Elon Musk the first trillionaire, reflecting strong market confidence in its future potential.
- Lock-Up Period and Market Pressure: With an initial float of just over 4%, SpaceX has 15 lock-up expirations scheduled for 2026 and 2027, with 319 million shares set to be released on August 20, which could create short-term selling pressure, although the company has strategically spaced out these expirations to mitigate risks.
- Revenue and Growth Potential: SpaceX's rocket launch segment generated $4.1 billion in revenue last year, despite an operating loss of $657 million, yet the development of reusable rockets positions it for future growth, while its Starlink satellite internet business generated $11.4 billion last year, indicating strong growth potential.
- AI Business Outlook: The AI segment acquired through the merger with xAI generated $3.2 billion in revenue in 2025, despite a $6.4 billion loss, with a total addressable market estimated at $26.5 trillion, as SpaceX plans to build solar-powered data centers in space, although it faces significant technical challenges.
See More
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- Stock Fluctuations: Intel's stock rose 4.3% on Monday, dropped on Tuesday, and rebounded on Wednesday, although it remains below the week's opening level, indicating market volatility in the semiconductor sector.
- Impact of SpaceX IPO: SpaceX's successful IPO, achieving a valuation of $2.5 trillion and raising over $80 billion in cash, is expected to lead to significant investments in semiconductors, particularly AI chips, boosting demand for Intel's products.
- AI Chip Demand: According to Lynx Equity, AI companies require substantial AI chips to train and deploy large language models, positioning Intel and Nvidia as key beneficiaries of SpaceX's spending strategy, enhancing their market presence.
- Strategic Partnership: Intel's collaboration with SpaceX to build the Terafab chip factory, which will also service Tesla, positions Intel to capitalize on the surging chip demand, potentially increasing its long-term growth prospects as a result of the SpaceX IPO phenomenon.
See More
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- Stock Performance: SpaceX's stock surged 36% within a week of its IPO, surpassing Amazon in market capitalization and becoming the fifth most valuable company globally, reflecting strong investor confidence in Elon Musk's rocket venture.
- Acquisition Details: SpaceX has finalized a $60 billion acquisition of AI startup Cursor, which boasts an annual recurring revenue of $2.6 billion, enhancing SpaceX's competitive edge in AI, particularly against OpenAI and Anthropic.
- Revenue Growth: In 2025, SpaceX generated $18 billion in revenue, with projections to potentially double in 2026 due to contracts with Anthropic and Alphabet, although the profit margins remain uncertain, keeping market expectations high.
- Market Valuation: With a market cap of $2.8 trillion, SpaceX's valuation appears steep given its revenue and lack of profits, prompting investors to exercise caution regarding its future performance, especially amid liquidity constraints post-IPO.
See More
Recap of CNBC Investing Club Monthly Meeting
- Portfolio Analysis: During the June Monthly Meeting, Jim Cramer and Jeff Marks provided an in-depth analysis of 35 portfolio stocks, highlighting their preference for Intel due to its significant upside potential in data center CPU growth, particularly in the context of competition with TSMC.
- Tech Giants Restructuring: Cramer noted a reordering of the 'Magnificent Seven,' with newcomers like SpaceX and the yet-to-go-public Anthropic and OpenAI emerging as formidable competitors, indicating intensified market competition, especially in the AI sector.
- Strengths of Alphabet and Apple: Alphabet is positioned advantageously in the AI era with its YouTube and Waymo businesses, while Apple leverages its ecosystem of over 2.5 billion iPhone users to strengthen its AI partnership with Alphabet, showcasing both companies' robust market positions.
- Market Dynamics and Investment Strategy: Despite challenges faced by Meta and Microsoft, Cramer advises maintaining investments in Amazon and Nvidia, believing that the latter's GPU demand will continue to grow, and that Amazon's cloud business remains highly profitable.
See More
