Micron chief executive Sanjay Mehrotra sold shares worth about $37.3 million on Friday as the memory-chip maker suffers its steepest monthly slide in years. The transaction covered 40,000 shares and preceded Micron’s 8.9% fall on Tuesday to $820.53. The stock is down more than 29% in July and 32% from its June peak, reflecting fears… Continue reading Micron CEO cashes out $37 million: is this a red flag for MU investors?
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Hang Seng Index is soaring as Kospi and Nikkei 225 implode: here’s why
The Hang Seng Index has outperformed its major Asian peers this year, even as the Kospi and Nikkei 225 have come under pressure. The index has rebounded nearly 14% from its lowest level this year, while the Nikkei 225 and Kospi have fallen about 15% and 40%, respectively, from their year-highs. Investors rotate to Chinese… Continue reading Hang Seng Index is soaring as Kospi and Nikkei 225 implode: here’s why
What next for the falling Softbank stock amid the AI trade unwinding?
Softbank stock continued its strong downward trend, reaching its lowest level since April this year. It dropped to ¥4,595, down by nearly 50% from the year-to-date high. This retreat has pushed its valuation substantially lower to the current ¥30.4 trillion. Softbank stock drops as key portfolio companies face major headwinds Softbank, a large telecommunications company… Continue reading What next for the falling Softbank stock amid the AI trade unwinding?
Kospi plunges 11%, Nikkei 225 drops 3%: why are Asian markets cracking?
Asian stocks extended a punishing sell-off on Wednesday as record chip earnings failed to calm doubts over the price investors are paying for the artificial-intelligence boom. South Korea remained at the centre of the retreat, while a jump in oil and an unusually uncertain Federal Reserve decision added fresh pressure. The market is no longer… Continue reading Kospi plunges 11%, Nikkei 225 drops 3%: why are Asian markets cracking?
SK Hynix, Samsung stocks extend their crash today: how much further can they fall?
SK Hynix and Samsung Electronics stocks extended their selloff in Seoul on Wednesday as record memory-chip earnings failed to calm investors, sharply cutting the premium attached to the artificial-intelligence boom. SK Hynix reversed an early gain and fell more than 8% during trading on July 29, while Samsung dropped nearly 5%. The moves followed Tuesday’s… Continue reading SK Hynix, Samsung stocks extend their crash today: how much further can they fall?
Wolfe says buy these three quality stocks into post-earnings strength
July has dealt Wall Street a turbulent hand. US stocks have drifted lower this month, hampered by persistent geopolitical risks, rising crude oil prices, and mounting anxiety over rising AI capex. As tech heavyweights like Alphabet and Tesla Inc stumble under heavy AI spending commitments, market participants are pivoting toward fundamentally resilient names. To navigate… Continue reading Wolfe says buy these three quality stocks into post-earnings strength
Visa stock sinks on Q3 earnings as margin concerns take center stage
Visa (V) shares are slipping in extended trading on Tuesday even though the credit card company posted better-than-expected Q3 earnings. Net revenue rose 14% year-on-year to $11.6 billion, topping Wall Street’s $11.35 billion consensus and last year’s $10.19 billion mark. Earnings went up 11% to $3.32 a share, also beating consensus set at $3.23. Still,… Continue reading Visa stock sinks on Q3 earnings as margin concerns take center stage
Dow jumps over 540 points as earnings, lower oil offset chip selloff
The Dow Jones Industrial Average led Wall Street higher on Tuesday as strong corporate earnings, lower oil prices and a continued rotation away from semiconductor stocks supported broader market gains. Investors also looked ahead to key earnings from major technology companies and the Federal Reserve’s interest rate decision later this week. The Dow gained 546.61… Continue reading Dow jumps over 540 points as earnings, lower oil offset chip selloff
Evening digest: Visa cuts 7% jobs, Meta-BlackRock join hands for AI data center
On Tuesday, Visa announced plans to cut about 7% of its global workforce while Meta Platforms unveiled a $14 billion AI data center partnership with BlackRock. Meanwhile, oil prices extended their recent decline on hopes of easing Middle East tensions, while gold slipped to a one-week low as investors awaited the Federal Reserve’s policy decision.… Continue reading Evening digest: Visa cuts 7% jobs, Meta-BlackRock join hands for AI data center