Story perspectives

Semiconductor Surge Boosts US Stocks Amid Middle East Calm

6/10/2026

Summary

Semiconductor Stocks Rebound

The U.S. stock market rose on June 8 2026 as semiconductor stocks rebounded and hopes for a Middle East de-escalation lifted sentiment.
Semiconductor stocks jumped 5.6% via the PHLX index and rose 9.9% for Nvidia and Micron after sliding the previous session.
Iran and Israel halted strikes on June 8 2026, causing oil prices that had spiked 5% to retreat and the Dow Jones to slip 0.2%.

Summary

Trump Vows Retaliation

President Donald Trump posted that Iran shot down Apache helicopter in the Strait of Hormuz and vowed retaliation.
The VIX hit its highest level since April 7 after Trump’s remarks, prompting investors to await May CPI data on inflation from energy prices linked to Iran clash.
SpaceX’s IPO seeks $75 billion to reach a $1.75 trillion valuation, prompting investors to shift from stocks.
Broadcom’s weak forecast triggered a sell-off in technology shares.

Summary

Huang Backs Buying

Jensen Huang, NVIDIA CEO, said the recent weakness in chip stocks could be a buying opportunity for investors who remain bullish on long-term AI demand.
The iShares Semiconductor ETF rose about 5% after recording its steepest decline in more than six years on Friday.
The Dow Jones Industrial Average advanced more than 200 points, roughly 0.4%, on Monday.
Micron Technology surged more than 9% after falling 13% during Friday’s sell-off.

Summary

Intel Surges

Intel surged 12.3% after Reuters said Google ordered over three million tensor processing units for 2028.
Marvell rose nearly 14% ahead of its June 22, 2026 S&P 500 inclusion.
Apple gained 2% before its WWDC AI announcements.
Eli Lilly climbed 2.8% on trial data showing retatrutide cut sleep-apnea severity and knee pain.
FedWatch priced a 43% probability of a 25-bp rate hike in Dec 2026 after May jobs data.

History

Historical Context

After OAPEC’s October 1973 oil embargo—prompted by U.S. support for Israel and led by Saudi Arabia—crude prices surged from $3 to $12 per barrel, triggering a U.S. energy emergency declared by President Nixon. The shock showed how geopolitics can rapidly shift capital, a lesson echoed in June 2026 as Nvidia and Micron rally on semiconductor stocks following a Middle-East de-escalation.

1 of 5

Semiconductor Stocks Rebound

The U.S. stock market rose on June 8 2026 as semiconductor stocks rebounded and hopes for a Middle East de-escalation lifted sentiment.
Semiconductor stocks jumped 5.6% via the PHLX index and rose 9.9% for Nvidia and Micron after sliding the previous session.
Iran and Israel halted strikes on June 8 2026, causing oil prices that had spiked 5% to retreat and the Dow Jones to slip 0.2%.

1 / 5