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Chip stocks shed more than $1 trillion as selloff hits companies powering AI boom
Twenty of the world's most valuable chip companies lost $1.3 trillion in market cap since Friday's close, led by Nvidia's $238 billion rout, as investors retreated from the AI-fueled rally.
SK Hynix shares tank as exponential earnings growth fails to satisfy AI-charged expectations
SK Hynix shares fell 9.6% on Wednesday after the memory chipmaker's second-quarter revenue and operating profit missed LSEG SmartEstimates, despite 257% year-on-year revenue growth and a 557% surge in
Ionic Digital Jumps 26% in Nasdaq Direct Listing
Ionic Digital, the Bitcoin miner formed from bankrupt crypto lender Celsius's restructuring, jumped 26% in its Nasdaq direct listing debut Tuesday, reaching a roughly $2.8 billion market cap before sl
SK Hynix Q2 Profit Surges 557% to Record, Misses Estimates
SK Hynix posted another record quarterly profit as AI-driven memory demand pushed operating earnings up 557% year-on-year, but both revenue and operating profit fell short of LSEG SmartEstimates forec
SK Hynix Shares Fall 13% on Record-Profit Miss
SK Hynix posted a record $41.62 billion quarterly operating profit fueled by surging AI memory chip demand for data centers, but the figure missed analyst forecasts, sending shares tumbling 13%.
Micron Stock Leads Broadening Chip Sell-Off
Micron stock is plunging as a semiconductor sell-off intensifies, with Barron's calling it the leader of a brutal chip slump and Seeking Alpha suggesting the classic memory boom-bust cycle may finally
Ford Q2 Print Ahead; Wall Street Eyes $2.1B Profit
Ford is scheduled to report second-quarter earnings Tuesday evening, with Wall Street expecting $2.1 billion in operating profit on $47.2 billion in sales and watching for any update to the company's
Chip Rout Pushes Nasdaq-100 Into Correction
Chip stocks sold off sharply worldwide Tuesday, pushing the Nasdaq-100 into correction territory and the Philadelphia Semiconductor Index into a bear market, even as Apple's market cap briefly crossed
'Anything remotely dovish' from Fed could be good for bitcoin, says analyst
As traders price a 70% chance the Fed holds rates steady Wednesday, analysts say even a slightly dovish tone from Chair Warsh could extend bitcoin's outperformance against AI-linked equities that have
SpaceX Stock Hits New Low at $113.50
SpaceX stock closed at a new low of $113.50 on Monday, down 16% from its $135 IPO price, as Barron's frames the slide as a potential buying opportunity.
SpaceX Rebounds After Erasing 20% Post-IPO
SpaceX shares rebounded after briefly erasing one-fifth of their post-IPO value, ending Tuesday at $116.49 — down nearly 14% from the offering price — as investors shunned riskier tech names.
Stocks Rise as Earnings, Falling Oil Offset Chip Rout
US stocks diverged on July 28 as strong earnings from Coca-Cola, Boeing, and PayPal plus retreating oil prices outweighed a chip-sector sell-off driven by fears that Nvidia is exploring a $250 billion
Micron Leads Chip Sell-Off as Memory Cycle Fades
Micron led a broad chip sell-off Tuesday, dropping sharply after being relatively spared the prior session's losses. The stock is still up more than 200% in 2026 despite the slump, which Barron's fram
Corning Drops 16% on Tepid Q3 Guidance
Corning stock suffered its worst day in six years, plunging 16% after the company reported quarterly earnings with tepid Q3 sales guidance and dragging the broader optical-stocks sector down with it.
We're trimming a rallying stock to protect against a potential earnings letdown
Jim Cramer's Charitable Trust is trimming its Procter & Gamble position by 100 shares at roughly $151.16 ahead of Wednesday's earnings, citing concern that fiscal 2027 guidance could weigh on the stoc
Dow Jumps 600 Points As Nasdaq Slides On Chipmaker Selloff
The Dow rallied roughly 600 points on strong earnings and falling oil while the Nasdaq slid as chipmakers plunged, with Amkor notably tanking in a sharply divided session.
Samsung, SK Hynix Plunge as China Chip Fears Hit KOSPI
Samsung and SK Hynix plunged on Tuesday, with the combined selloff dragging South Korea's KOSPI down 10.8% as investors weighed Chinese chip competition, AI-infrastructure financing concerns, and SK H
PayPal Stock Surges as CEO Won't Rule Out Stripe Deal
PayPal stock jumped nearly 5% after CEO Enrique Lores defended the company's turnaround while leaving the door open to a potential acquisition, months after Stripe and Advent reportedly offered around
SpaceX Falls 20% Below IPO Price, Erasing $1.2 Trillion Value - Yahoo Finance
SpaceX stock plunged 20% below its IPO price, wiping out $1.2 trillion in market value before staging a brief rebound.
Corning Stock Drops 16% on Weak Q3 Guidance
Corning (GLW) beat Q2 2026 earnings expectations but its stock plunged roughly 16% after management forecast weaker-than-expected Q3 sales, with coverage flagging ripple effects across the AI supply c
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