Tech leads sectors higher in early trading as chip stocks gain: AlphaCheck

Good morning. Stocks traded higher on Wednesday after the Consumer Price Index report showed inflation moderated in July amid volatile oil price moves during the month. The Nasdaq Composite (^IXIC) led the major indexes after earnings from key AI infrastructure plays boosted tech stocks.

Here’s a check of the markets in early trading, as of 9:30 a.m. ET, based on a heat map powered by Yahoo Finance AlphaSpace data.

Technology (XLK) was the sector leader at the open, driven by a 2% gain in Nvidia (NVDA) and a rally in semiconductor stocks. Energy (XLE) stocks turned lower as oil prices slipped, while healthcare (XLV) stocks pulled back after recent gains.

Here are some notable stocks that Yahoo Finance readers are viewing this morning: Nebius (NBIS), SpaceX (SPCX), Nvidia (NVDA), Micron (MU), CoreWeave (CRWV), and Supermicro (SMCI).

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