U.S. Energy and Tech Sectors Rise Overnight as Meta, Apple Boost AI Chip Investments

META-2.03%
NDAQ-2.31%
DOW1.34%
AVGO4.82%

According to market data, overnight on July 7, U.S. equity markets showed mixed performance, with the energy and technology sectors both gaining ground amid geopolitical tensions and major AI infrastructure investments. The energy sector rose 1.45% and the technology sector climbed 1.44%, the only two sectors to post gains as international oil prices jumped 5%. The Nasdaq edged up 0.2% while the Dow fell 1.09%. Meanwhile, the Philadelphia Semiconductor Index and MVIS Semiconductor Index both closed up approximately 2%.

The gains were driven by announcements from major tech firms. Meta revealed plans to invest 13 billion Canadian dollars (approximately 14 trillion Korean won) to build its first large-scale data center in Canada, signaling continued commitment to AI infrastructure expansion. Apple also signed a long-term supply contract with Broadcom valued at over 30 billion dollars. Additionally, the International Monetary Fund revised upward South Korea's 2026 economic growth forecast by 0.7 percentage points to 2.6%, potentially boosting regional markets.

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