Shares of Intel (INTC) and Advanced Micro Devices (AMD) are bleeding red this morning amidst a broader macro-driven sell-off across the US semiconductor names. Investors seem to be taking profit following parabolic multi-week rallies that have seen valuations soar to historic extremes. In fact, UBS analysts labeled current multiples as “statistical outliers” – flashing bubble-like
More than 25 years after the dot-com crash wiped out trillions of dollars in market value, some of the same companies that once symbolised the excesses of the internet boom are once again at the centre of Wall Street’s hottest rally. Cisco Systems, Intel (INTC) and Corning — three companies whose meteoric rise and collapse
The iShares Silver Trust (SLV) is facing heavy selling pressure on Friday primarily because of the leadership transition at the US Federal Reserve. Today marks the official end of Jerome Powell’s term as Fed Chair. The transition to Kevin Warsh, President Trump’s nominee, has triggered a “sell the news” sentiment for two big reasons. Versus
Shares of cryptocurrency-linked companies fell Friday as investors pulled back from the sector after an initial rally sparked by progress on US digital asset legislation faded amid renewed concerns about crypto prices and broader macroeconomic risks. Shares of Coinbase Global (COIN) dropped 7.6% after climbing more than 5% in the previous session, while Robinhood Markets
Shares of Micron Technology (MU) fell sharply on Friday as renewed uncertainty surrounding Nvidia’s AI chip sales to China triggered a broader semiconductor selloff and prompted investors to lock in profits following Micron’s massive recent rally. Micron shares dropped roughly 7.3% during the session after climbing to a fresh all-time high near $818 earlier in
Elon Musk’s rocket and satellite maker SpaceX is preparing for one of the most closely watched stock market debuts in recent years, with the company targeting an initial public offering as early as June 12, according to people familiar with the matter cited by Reuters. The company plans to price its IPO as early as
Shares of Salesforce (CRM) moved higher Friday as investors reacted positively to the company’s expanding artificial intelligence strategy, stronger financial performance, and a newly announced US Air Force contract that reinforced optimism around enterprise AI demand. Salesforce shares gained roughly 4.1% during the session, outperforming the broader market. The S&P 500 was down 1.03% while
US stocks fell sharply on Friday as rising Treasury yields, surging oil prices, and fading enthusiasm surrounding artificial intelligence stocks pressured markets following weeks of record-setting gains. The Dow Jones Industrial Average dropped roughly 537 points, or about 1.1%, while the S&P 500 lost approximately 1.2%. The Nasdaq Composite declined about 1.5% as technology and
Indian capital market stocks have emerged as one of the strongest-performing pockets of the market over the past year. The muted benchmark index performance has done nothing to limit the rally. At the time of writing, while the Nifty 50 has declined by 5.66% over the last year, the Nifty Capital Market index surged nearly
In 2015, Chinese President Xi Jinping used the term “Thucydides Trap” in Seattle before an audience that included former Secretary of State Henry Kissinger. “There is no such thing as the so-called Thucydides Trap in the world. But should major countries time and again make the mistakes of strategic miscalculation, they might create such traps