Keep pulling the thread on Closing Bell.
The SOXX semiconductor index has increased by more than 80% year-to-date.
Based on Bloomberg reporting, SpaceX is expected to be included in the S&P 500 index faster than any other company in history.
Micron Technology was the top performer in the S&P 500, with its stock increasing by 19.3% in a single day.
UBS raised its price target for Micron Technology to over $1,600 per share.
Romaine Bostick predicts that SpaceX and potentially two other major AI companies will have trillion-dollar valuations when they go public.
SpaceX has filed for what is anticipated to be the largest IPO ever.
Zscaler provided fiscal fourth-quarter revenue guidance of $875 million to $878 million, with the high end of the range falling below the average analyst estimate of $879 million.
Zscaler's full-year revenue guidance of approximately $3.741 billion is slightly below analyst expectations.
Zscaler's stock fell more than 10% in after-hours trading following its earnings report and guidance.
The SOXX semiconductor index increased by 5.6% during the trading day.
The Russell 2000 index increased by approximately 1.7% during the trading day, closing at a record high.
American Airlines stock increased by 7% during the trading day.