U.S. storage names led the market higher, according to MSX.COM data, with SK Hynix and SanDisk both up 4% and Micron Technology rising 3%. Nvidia added 2%, while SpaceX climbed 8% and opened sharply higher after its latest results. The move in SpaceX followed third-quarter revenue of $14.6 billion, up 161% from a year earlier. Elon Musk also said annual recurring revenue, or ARR, could reach between $500 billion and $1 trillion by the end of 2027. The figures and stock moves were cited in an Odaily newsflash focused on market performance across the U.S. storage segment.
U.S. storage stocks led gains, according to MSX.COM data.
Among the names cited, SK Hynix (SKHY.O) and SanDisk (SNDK.O) were both up 4%, Micron Technology (MU.O) rose 3%, Nvidia (NVDA.O) added 2%, and SpaceX (SPCX.O) gained 8%.
SpaceX opens 8% higher after earnings
SpaceX opened 8% higher. The company reported third-quarter revenue of $14.6 billion, up 161% year over year.
Elon Musk said ARR could reach $500 billion to $1 trillion by the end of 2027.
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