Latest / MPC Markets Morning Call
Microsoft Pumps Up AI Hopes; Chip Stocks Soar
Microsoft's 15.5% surge reignited the AI trade overnight, adding ~$450 billion in market cap — the largest single-day gain for any company on record. Chip stocks posted their biggest advance since April 2025, with SOX +8.2%, Micron +17%, and the Nasdaq 100 up 3.4%. After hours, Amazon rallied 9% on a monster AWS beat while Apple fell 5% on China and services misses. We cover US GDP (slowed to 1.5% but domestic demand surging), the yen intervention, 30-year yields at 19-year highs, and the Iran war heating up again with both straits effectively closed. ASX futures point to a strong open. Day…
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