SoftBank extended Asia’s technology rout on Friday, sliding 9.7% by Tokyo’s midday break as investors continued pulling money from the region’s most crowded artificial-intelligence trades. The fall followed a brutal Thursday in Seoul, where SK Hynix tumbled 13%, Samsung Electronics lost 8.8% and the Kospi sank 6.4%. The companies occupy different parts of the AI… Continue reading Why SoftBank, Samsung and SK Hynix are taking the worst hit in Asia’s AI rout
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Rocket Lab stock price crash is gaining steam: how low can it go?
Rocket Lab’s stock price plunged more than 12% on July 16, hitting its lowest level since April 13. The decline has pushed the shares down 55% from their peak this year, wiping out nearly half of the company’s market value as its valuation fell from $86 billion to around $40 billion. Despite the sharp sell-off,… Continue reading Rocket Lab stock price crash is gaining steam: how low can it go?
AtaiBeckley stock is soaring, and it has Eli Lilly to thank
AtaiBeckley (ATAI) shares are ripping higher on Thursday morning after pharmaceutical giant Eli Lilly (LLY) said it will acquire the clinical-stage biotechnology firm for up to $3.8 billion. Lilly has agreed to pay $6.75 a share in cash upfront ($2.8 billion) – with an additional $2.5 a share in contingent value rights (CVRs) tied to… Continue reading AtaiBeckley stock is soaring, and it has Eli Lilly to thank
Why SpaceX stock is down another 2% today
SpaceX (SPCX) shares extended their recent decline on Thursday, falling about 2% to around $132. The fall today came as investors weighed the company’s premium valuation, a sharp increase in short selling, and the prospect of a significant increase in shares available for trading following its first quarterly earnings report. The stock entered Thursday down… Continue reading Why SpaceX stock is down another 2% today
Why Nvidia stock is down around 2.5% on Thursday
Nvidia stock (NVDA) fell 2.5% on Thursday, tracking a broader decline in semiconductor stocks, even as the company announced new artificial intelligence partnerships and products aimed at expanding its presence in Japan. The stock traded at $207.27 in midday trading, broadly in line with the wider chip sector. The PHLX Semiconductor Index was also down… Continue reading Why Nvidia stock is down around 2.5% on Thursday
Why is TSMC stock falling despite record Q2 earnings?
Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) declined in US trading on Thursday despite the company posting record second-quarter earnings and raising its long-term investment plans. The decline suggests investors may be focused on higher capital spending and the potential impact of US manufacturing expansion on margins. TSMC’s US-listed shares fell more than 2.2%, while… Continue reading Why is TSMC stock falling despite record Q2 earnings?
What’s driving Intel, AMD stocks down ‘again’ on Thursday?
Intel (INTC) and Advance Micro Devices (AMD) shares are under immense pressure on Thursday morning amidst what can be described as a “perfect storm”. A mix of global semiconductor panic, a significant shift in how Wall Street is viewing the AI boom, and painful company-specific realities (for INTC in particular) are hurting the chip names… Continue reading What’s driving Intel, AMD stocks down ‘again’ on Thursday?
AST SpaceMobile stock sinks on double dose of bad news
AST SpaceMobile (ASTS) shares are taking a hit this morning due to a combination of a massive new debt raise and delays in their commercial satellite launch timeline. The sell-off crashed ASTS relative strength index (RSI) further into the early 30s – indicating the stock is now approaching “oversold” territory that often triggers a relief… Continue reading AST SpaceMobile stock sinks on double dose of bad news
Micron, SK Hynix, other memory stocks fall as TSMC outlook sparks chip selloff
Memory chip and storage stocks fell sharply on Thursday as investors extended a broad semiconductor selloff following Taiwan Semiconductor Manufacturing Co.’s quarterly results, despite the world’s largest contract chipmaker posting record earnings. TSMC reported its fifth consecutive quarter of record profit, beating analyst expectations. However, investors focused instead on the company’s higher-than-expected capital spending plans,… Continue reading Micron, SK Hynix, other memory stocks fall as TSMC outlook sparks chip selloff