A surge in chip stocks is giving the Nasdaq Composite (IXIC) a triple-digit boost this afternoon, as Nvidia (NVDA) CEO Jensen Huang joins President Donald Trump in his trip to meet China's Xi Jinping. The S&P 500 Index (SPX) is inching higher, while the Dow Jones Industrial Average (DJI) is suffering a steep drop after the producer price index (PPI) came in much hotter-than-expected for April. This has also pushed the 10-year Treasury yield to 10-month highs, just shy of 4.5%.
- Fresh post-earnings highs for data center favorite.
- Alibaba stock brushes off steep profit drop.
- Plus, another China-based stock in focus; Ford Motor climbs the NYSE; and an AI name plummeting.
JD.Com Inc (NASDAQ:JD) stock is up 7.7% to trade at $33.91, continuing its multi-day post-earnings surge. The Chinese retailer posted upbeat Q1 results yesterday morning and now headed for a third-straight daily pop, continuing to shave off some of its 8.9% year-over-year deficit. Options traders are circling, with 111,000 calls across the tape so far, seven times the average daily pace. Seeing the most attention are the May 34 and 35 calls.
Ford Motor Co (NYSE:F) is one of the top stocks on the New York Stock Exchange (NYSE) today, last seen up 8.5% to trade at $13.01, after the company revealed a new battery storage subsidiary alongside a partnership with Chinese battery maker CATL. Today's gains has F flirting with both its year-to-date breakeven level and the overhead $13 ceiling, the latter of which thwarted several breakout attempts in April but acted as long-term support in late 2025.
One of the worst NYSE stocks this afternoon is AI name RingCentral Inc (NYSE:RNG), last seen down 8% to trade at $38.53. While the catalyst for today's pullback is unclear, RNG looks to be brushing off bullish sentiment from several analyst price-target hikes handed out earlier in the week by Mizuho and Jefferies to $38 and $40, respectively. RNG has added 32% in 2026.
