Tech stock, Jabil (JBL) rose 12% on strong earnings. Jabil manufactures technology for a number of big cap techs like Apple. Jabil’s  key end-markets such as cloud, data center infrastructure, and capital equipment saw strong demand for AI products. Jabil also to spend $500 million on US manufacturing for cloud and AI Data center infrastructure

Solar stocks taking a hit. First Solar (FSLR) is down 20% after the Senate maintained the full removal of clean-energy tax credits in the budget bill, even as it extended the time frame for the phaseout beyond the House’s bill. Citigroup downgraded the sector with a sell rating on residential solar stocks.

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