U.S. rare earth concept stocks surged across the board

Salesforce's quarterly results exceeded expectations, leading to a 23% surge in its stock price in a single day and sparking a collective rebound in the SaaS sector. Software and cybersecurity stocks such as ServiceNow, CrowdStrike, and Okta also saw significant gains. Analysts believe that previous market concerns about AI disrupting traditional software were overstated, and the industry has demonstrated more resilience than anticipated.

SK hynix CEO Kwak Noh-Jung has offered the semiconductor industry’s strongest bullish outlook to date, stating that the shortage in memory chip supply will persist until the end of 2030. Even if there is a downturn by then, its impact will be much less severe than in the past. He attributes this to an AI-driven structural transformation: demand is rapidly shifting from standardized products to customized solutions, which could fundamentally alter the cyclical pattern of supply-demand imbalances.