stocktrader

Memory chip stocks came under heavy pressure on Tuesday, extending a broad technology selloff on Wall Street. Investors grew increasingly uneasy about the enormous sums being poured into artificial intelligence infrastructure and the growing use of debt to finance that expansion. Shares of memory chipmakers, some of this year’s biggest market winners, suffered steep declines.… Continue reading Micron, Sandisk, other memory stocks tumble on high AI spending and rate hike fears

Qualcomm Inc. QCOM shares moved lower on Tuesday, falling about 6% in trading as a broader technology selloff weighed on sentiment, even as fresh reports pointed to an expansion of its artificial intelligence ambitions. The decline came despite Bloomberg reporting that Qualcomm is in advanced talks to acquire AI infrastructure software company Modular Inc. in… Continue reading Qualcomm eyes modular AI deal as stock falls on tech selloff pressure

AMZN kicked off its 12th annual Prime Day event on Tuesday, launching a four-day shopping extravaganza featuring millions of deals across more than 35 countries. For the e-commerce giant, Prime Day has become one of the most important events on the retail calendar, driving a surge in online spending and offering insights into consumer behaviour.… Continue reading Amazon Prime Day begins today: Here’s what AMZN investors should know

US stocks opened lower on Tuesday as a technology-led selloff accelerated, with semiconductor and artificial intelligence-related stocks coming under renewed pressure. The Dow Jones Industrial Average fell 326 points. The Nasdaq Composite dropped 2.2% while the S&P 500 was down 1.5%. The weakness followed Monday’s session, when the Nasdaq Composite fell 1.3%, weighed heavily by… Continue reading Dow falls 320 points as Nasdaq slides 2.2% in AI tech selloff

Meta Platforms is facing fresh regulatory pressure in Europe as the European Union prepares to escalate its investigation into whether Facebook and Instagram use design features that are addictive to children. The developments place Meta at the centre of two major stories at once. In Europe, the company is facing closer scrutiny over the impact… Continue reading EU ramps up pressure on Meta over child safety concerns

Shares of IBM climbed nearly 5% in premarket trading on Tuesday after JPMorgan upgraded the technology company, citing increasing confidence in its software business and potential benefits from growing artificial intelligence adoption. JPMorgan analyst Brian Essex upgraded IBM to Overweight from Neutral and raised his price target to $291 from $270. The analyst said expectations… Continue reading IBM stock jumps after JPMorgan upgrade on AI and software growth

Wall Street’s Tuesday setup is no longer just about oil or geopolitics. Nasdaq futures were pointing to a sharp selloff before the bell as investors questioned whether the AI trade can keep absorbing higher borrowing costs and debt-funded spending. The pressure followed a global equity slide, with Europe and Asia pulled lower after Monday’s tech-led… Continue reading Dow futures plunge 320 points: 5 things to know before Wall Street opens

London’s benchmark stock indexes fell to more than one-week lows on Tuesday, pressured by global market weakness, rising expectations of interest rate hikes, and renewed political uncertainty in Britain after Prime Minister Keir Starmer’s resignation. The blue-chip FTSE 100 dropped 0.7% by 0919 GMT to its lowest level since June 12, while the domestically focused… Continue reading London stocks slide as hawkish rate outlook and political uncertainty hit sentiment