Local chip firm, Micron (MU) rises 3%, leading the chip sector on an upgrade from Mizuho with a $130 price target as the analyst expects Micron to greatly outgrow the rest of the market, boosted by fast-growing sales of high-bandwidth memory for artificial intelligence (AI).

Tesla (TSLA) sinks as feud between Musk and President Trump escalates online and in press conference. Tesla is down 14% as investors flee the stock as Musk posted to X that Trump couldn’t have won without him while Trump retaliated suggesting saving government and tax payer money by terminating subsidies and contracts with Musk and his companies.

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