SpaceX stock slips further after Starship test flight scrub: Is the 19% dip a buy?

SpaceX shares fell in after-hours trading after closing below their IPO price for the first time on Thursday. The decline came after the company’s 13th Starship test flight was aborted less than a second before liftoff. The setback added to investor concerns as bearish bets against the stock continue to rise. The stock dropped about… Continue reading SpaceX stock slips further after Starship test flight scrub: Is the 19% dip a buy?

Nikkei 225 leads Asian markets rout as TSMC fails to restore confidence

Asian stocks opened lower on Friday as the global retreat from semiconductor shares gathered pace, leaving the region’s chip-heavy markets exposed to another round of selling. Japan’s Nikkei 225 slid 2.8%, while MSCI’s gauge of Asia-Pacific shares outside Japan edged 0.1% lower. Nasdaq 100 futures dropped 0.7% and S&P 500 contracts lost 0.4%. South Korean… Continue reading Nikkei 225 leads Asian markets rout as TSMC fails to restore confidence

Netflix stock plunges 9% after earnings: why more downside may be ahead

Netflix stock (NASDAQ: NFLX) plunged nearly 9% in after-hours trading after the streaming company issued a weaker-than-expected third-quarter forecast, reviving doubts about whether slowing growth can support a premium valuation. The company projected revenue of $12.9 billion and diluted earnings of $0.82 per share, below Wall Street estimates of $13 billion and $0.84 per share.… Continue reading Netflix stock plunges 9% after earnings: why more downside may be ahead

Why SoftBank, Samsung and SK Hynix are taking the worst hit in Asia’s AI rout

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

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?