U.S. Stocks Launch a Full Counterattack.

In the overnight U.S. stock market, the three major indices collectively surged during the session, with the Nasdaq once rising over 1.2%. By the close, the S&P 500 was up 0.37%, the Nasdaq gained 0.65%, and the Dow Jones increased by 0.48%. Most large-cap tech stocks closed higher, with Google surging over 2% to hit a record closing high; Tesla jumped over 4%, Intel rose more than 3%, Meta gained over 1%, while Apple and Amazon saw slight increases; Microsoft and Nvidia fell over 1%.

Early in the trading session, U.S. President Donald Trump stated that the U.S. stock market would set more record highs. In his speech that day, he also predicted that the U.S. third-quarter GDP growth would reach 4.2% or higher. Additionally, Trump once again criticized Federal Reserve Chairman Jerome Powell, calling him a "fool."

Driven by rumors of a significant price increase for HBM4 chips, memory chip giant Micron Technology surged nearly 9%, again reaching a record high; SanDisk jumped over 11%, Seagate Technology soared over 10%, and Western Digital rose over 5%. On the news front, SK Hynix previously stated that it had completed price and volume negotiations with Nvidia for next year's HBM4 supply. According to sources, the supply price for HBM4 will be over 50% higher than that of HBM3E. SK Hynix is a major HBM supplier for Nvidia. According to the latest report from research firm Counterpoint Research, SK Hynix led the global HBM market in the second quarter of this year with a 62% shipment share.