Russell 2000 hits fresh high, but here’s why the rally may soon lose steam

Small-cap stocks began the new trading month and quarter on a strong footing, with the Russell 2000 climbing to a fresh all-time high on Wednesday as investors continued rotating beyond the market’s biggest technology companies. The index was up 0.65% on Wednesday, hitting a fresh high of 3046.59. The benchmark small-cap index has delivered a… Continue reading Russell 2000 hits fresh high, but here’s why the rally may soon lose steam

Caterpillar stock falls 4% as Michael Burry shorts stock after AI rally

Michael Burry has taken a bearish position against Caterpillar, arguing that the construction equipment maker has become one of the most overvalued beneficiaries of the artificial intelligence investment boom. Burry disclosed on Tuesday that he shorted Caterpillar shares at $1,060.98 as part of a broader set of bearish positions that also includes Nvidia, Applied Materials,… Continue reading Caterpillar stock falls 4% as Michael Burry shorts stock after AI rally

Nebius stock is crashing, and it has its biggest customer to blame

Nebius Group (NBIS) stock is under immense pressure this morning mostly because of aggressive new competitive threat from its biggest customer – Meta Platforms (META). As investors bailed on NBIS, the artificial intelligence (AI) infrastructure firm sunk below its 20-day moving average (MA), indicating bearish momentum could sustain in the near-term. Despite today’s decline, however,… Continue reading Nebius stock is crashing, and it has its biggest customer to blame

Why are Micron, SanDisk, and other semiconductor stocks falling today?

Micron Technology MU shares fell more than 8% on Wednesday as a broad selloff in semiconductor stocks gathered pace, with investors locking in profits after a record first half for the sector. At the same time, a fresh class-action lawsuit targeting major memory chipmakers added to the pressure. The decline was part of a wider… Continue reading Why are Micron, SanDisk, and other semiconductor stocks falling today?

Meta stock jumps on report of AI cloud business expansion plans

Meta Platforms shares META surged in trading on Wednesday following a report that the company is developing a cloud infrastructure business that would sell artificial intelligence computing power and AI models to external customers. The proposed business would allow Meta to generate revenue from excess AI computing capacity, potentially creating a new source of income… Continue reading Meta stock jumps on report of AI cloud business expansion plans

SpaceX stock sinks over 6% today, but analyst remains strongly bullish

SpaceX stock (SPCX) fell sharply on Wednesday as investors continued to navigate volatile post-IPO trading. Shares of Elon Musk’s space and artificial intelligence company dropped more than 6% to $159.95 in early trading. The decline came amid broader weakness in technology and semiconductor stocks. The Nasdaq Composite fell 0.4%, while the S&P 500 slipped 0.1%.… Continue reading SpaceX stock sinks over 6% today, but analyst remains strongly bullish

ServiceNow stock jumps after Guggenheim upgrade despite AI concerns

ServiceNow NOW and Salesforce shares climbed 5% on Wednesday after Guggenheim upgraded the software companies, arguing that their valuations have become attractive despite ongoing risks posed by artificial intelligence. The upgrade comes after a difficult year for enterprise software stocks, with investors reassessing growth prospects as AI reshapes the industry. ServiceNow shares are down 33%… Continue reading ServiceNow stock jumps after Guggenheim upgrade despite AI concerns

Dow falls 250 points as chip stocks slide, US-Iran tensions rise

US stocks opened lower on Wednesday as investors booked profits in semiconductor stocks following a record-breaking first half of 2026, while renewed US-Iran tensions and expectations of tighter monetary policy also weighed on sentiment. The Dow Jones Industrial Average declined 253 points. The S&P 500 slipped 0.46% while the Nasdaq Composite fell 0.68%. Semiconductor stocks… Continue reading Dow falls 250 points as chip stocks slide, US-Iran tensions rise