Closing Bell: Tesla Rises, Nike Rebounds, Opendoor Tumbles
whatshot 7 snips
Jul 28, 2025
Tesla's stock surged after a significant deal with Samsung for AI semiconductors, hinting at a bright future for its driving technology. Nike also saw a rebound, buoyed by a JPMorgan upgrade that forecasts impressive earnings growth through the next decade. In contrast, Opendoor faced challenges with a stock decline due to a postponed shareholder vote, while other firms like Cadence Design thrived. The semiconductor sector, particularly AMD, experienced notable gains, reflecting a positive outlook in tech investments.
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AMD Stock Boosted by UBS Upgrade
AMD shares gained about 4.3%, buoyed by UBS raising their price target from 150 to 210.
US chip makers showed strong performance as investors respond to semiconductor sector news.
insights INSIGHT
Samsung's Strategic AI Chip Deal
Samsung's $16.5 billion deal to produce Tesla's AI semiconductors signals high confidence in Samsung's fabrication technology.
This deal positions Samsung as a strong alternative foundry to TSMC in the semiconductor industry.
insights INSIGHT
Nike's Strong Recovery Outlook
JPMorgan upgraded Nike to overweight, citing a robust five-pronged recovery plan.
They forecast high teens to 20% earnings-per-share growth through 2030.
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- Tesla (TSLA) rose off news that Samsung will produce Tesla's AI semiconductors in a new $16.5 billion pact. Elon Musk described the value of the deal as "just the bare minimum" and said the actual output is likely to be several times higher, with the AI6 component forming the foundation of Tesla's driving hardware suite. The contract win is seen as a signal of confidence for Samsung's upcoming fabrication technology and helps burnish its reputation as the strongest alternative to TSMC, according to Ryu Young-ho, an analyst at NH Investment & Securities Co. Others in the chip space benefitted off the news, including AMD - the number two gainer in the S&P today.
- Nike (NKE) shares rose to their highest intraday level since March, after JPMorgan upgraded to the stock to overweight from neutral, citing the earnings impact of the sportswear maker’s five-pronged multi-year recovery plan. JPMorgan analyst Matthew Boss notes that the recovery path will equate to positive earnings-per-share growth in the high teens to 20% through to the 2030 full-year. The recovery plan includes global inventory alignment to sales growth, accelerating momentum within global wholesale order books and 2H 2026 anniversary of about $500 million of accelerated and incremental sales-related reserves.
- Opendoor Technologies (OPEN) is postponing a shareholder vote on a reverse stock split after a recent run-up in the company's shares. The company had previously scheduled a special meeting due to a notification from Nasdaq that it could be delisted for failing to maintain a stock price of $1 or more. The recent volatility in the company's stock led the board to delay the vote on stock split proposals, according to a statement Monday. Opendoor was the most actively traded stock today, down 7.87% at the close.
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