TLDR
- U.S. stocks rose in premarket trading Monday, led by semiconductor and tech companies
- Bitcoin climbed above $63,000 for the first time in two weeks, lifting crypto-related stocks
- Foxconn reported a 40% rise in Q2 revenue, boosting broader tech sentiment
- Tesla expanded its Robotaxi service to Miami after record Q2 deliveries of 480,126 vehicles
- SpaceX shares gained ahead of its addition to the Nasdaq 100 index on Tuesday
Bitcoin climbed above $63,000 on Monday for the first time in two weeks. That move helped push crypto-related stocks higher across the board.
Strategy rose 5%, while Circle Internet Group, Riot Platforms, Marathon Digital, Coinbase, and HIVE Digital Technologies each gained more than 3%.
A softer-than-expected U.S. jobs report and easing inflation expectations helped fuel the crypto rally. Thin holiday trading volumes also played a role in the move.
Tech and Semiconductors Lead Stock Gains
U.S. stock futures edged higher Monday morning as traders returned from the long weekend. Technology and semiconductor stocks were among the biggest gainers in premarket trading.
Western Digital rose 4.5%, Sandisk gained 3.9%, and Micron Technology was up 2.3%. Memory and storage companies bounced back after a drop the previous week.
Taiwan’s Foxconn reported a 40% increase in second-quarter revenue. The world’s largest contract electronics maker helped lift confidence across the tech sector.
Nvidia edged up just 0.3%, and Apple slipped 1% despite the Foxconn news. Investors appeared more focused on recent high-performing stocks than on the largest tech names.
Oracle rose 3.5% after receiving analyst support last week. SpaceX gained 1.5% ahead of its scheduled addition to the Nasdaq 100 index on Tuesday.
United Microelectronics rose 6% after reporting June revenue climbed 22.9% year-over-year to NT$23.1 billion. Its first-half 2026 revenue rose 11.3% to NT$129.8 billion.
Tesla Expands Robotaxi to Miami
Tesla rose 2% after the company expanded its Robotaxi service to Miami. The service initially covers parts of western and central Miami using Model Y vehicles.
Tesla’s Full Self-Driving software powers the rides. The expansion puts Tesla in more direct competition with Waymo in the autonomous vehicle market.
The Miami launch follows last month’s rollout in Austin. It comes after Tesla reported record Q2 deliveries of 480,126 vehicles.
Kosmos Energy gained 5% after reporting strong operational results. Its J76 well in Ghana added around 20,000 barrels of oil per day, pushing Jubilee field production above 85,000 barrels per day.
The company also reported nine LNG cargoes lifted from its Greater Tortue Ahmeyim project during Q2. Kosmos reduced net debt by more than $400 million since the end of 2025, bringing it to $2.56 billion.
Kosmos remains on track to cut its total debt by around 20% by the end of 2026. The company also completed the sale of its Equatorial Guinea assets during the quarter.
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