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Shares of memory and storage companies fell sharply on Tuesday as investors took profits following a massive rally tied to artificial intelligence infrastructure demand, triggering a broad selloff across the semiconductor memory sector. Shares of SanDisk (SNDK) dropped 9.39% to around $1,402 during midday trading, while Micron Technology fell more than 8.19% to roughly $730.… Continue reading Why Sandisk, Micron stock are plunging upto 9% on Tuesday

In a landmark interview with CNBC this morning, billionaire investor Ron Baron said SpaceX is on a trajectory to become the “largest company” on planet Earth. Over the past six months, Baron Capital has grown its assets under management (AUMs) by an incredible $14 billion, a surge the market mogul attributed to his early and… Continue reading SpaceX IPO: Ron Baron says the space exploration firm will be bigger than Nvidia

Shares of major semiconductor companies retreated sharply on Tuesday as investors locked in gains following a powerful rally driven by optimism around artificial intelligence infrastructure and next-generation chip demand. Intel (INTC) fell about 10% in trading after the stock more than doubled over the past month through Monday’s close. Qualcomm dropped over 13%, while Advanced… Continue reading Why are Intel, Qualcomm, AMD stocks falling today?

Tesla stock tumbled roughly 4% on Tuesday as a hotter-than-expected US inflation reading triggered a broad selloff across technology and growth stocks. The decline followed a strong stretch for Tesla shares. The stock had surged nearly 10% over the previous week and added another 3.8% on Monday as investors increasingly focused on the company’s artificial… Continue reading Tesla stock is crashing around 4% today: here’s why

Famed investor Jim Cramer is pounding the table on an under-the-radar semiconductor play: Qnity Electronics (NYSE: Q). In a segment of CNBC this morning, he highlighted Qnity as a “remarkable spinoff” from DuPont that’s quietly become a $33 billion powerhouse in the materials space. Cramer’s bullish remarks follow Q’s stellar first-quarter results, featuring an adjusted… Continue reading Qnity stock: why Cramer has eyes on this under-the-radar semiconductor name

Quantum Computing (QUBT) is ripping higher this morning as investors cheer its solid Q1 results, featuring a massive revenue beat that has effectively silenced long-standing skepticism. The quantum-tech company posted $3.7 million in revenue for its first quarter, handily exceeding the $3.1 million consensus. This represents a huge leap from just $39,000 in the same… Continue reading Why Quantum Computing stock may be worth buying into post-earnings strength

Nvidia stock continued climbing on Tuesday, extending its record-setting rally. Shares of the AI chipmaker rose over 2% to hit a new record high of $220.41 in early trading after closing 2% higher at a record $219.44 on Monday. However, the chipmaker gave up the gains and was trading in the red at the time… Continue reading Why analysts are raising Nvidia stock targets despite China and conflict concerns

Nelson Peltz’s activist investment firm Trian Fund Management is seeking investor backing for a potential bid to take fast-food chain Wendy’s private, according to a Financial Times report citing people familiar with the matter. Shares of Wendy’s (WEN) surged on Tuesday following the report, climbing as much as 14% to $7.75. The stock had closed… Continue reading Wendy’s stock jumps 13% as Nelson Peltz eyes potential take-private bid