All three major U.S. stock indexes opened higher, storage concept stocks strengthened, and AppLovin fell more than 15% after earnings.

Glonghui, February 12｜At the opening of the US stock market, the three major indices all opened higher. The Nasdaq rose 0.37%, the S&P 500 index rose 0.36%, and the Dow Jones rose 0.4%. Kioxia's unexpectedly optimistic guidance once again ignited bullish sentiment in the market, with SanDisk and Western Digital rising more than 8%, and Micron Technology rising more than 4%. AppLovin fell more than 15%, as its strong performance was out of sync with market sentiment, leading JPMorgan to lower its target price to $500. Cisco fell nearly 7%. Despite raising its full-year guidance due to surging AI demand, its gross margin guidance for this quarter declined instead of rising, falling short of expectations. WeRide rose more than 2% after officially launching the first ROBOTAXI commercial operation service in downtown Abu Dhabi in partnership with Uber. (Glonghui)