Chip stocks Advanced Micro Devices (AMD) and Intel experienced sharp midday declines of 9% and 8%, respectively, driven by broad profit-taking after significant year-to-date gains of 129% and 199%. Despite positive earnings reports and strong AI infrastructure demand supporting their fundamentals, the selloff reflects a rotation out of high-momentum semiconductor names amid rising market anxiety and valuation concerns. These declines also dragged the NASDAQ 100 lower, highlighting the index's heavy reliance on a narrow group of AI and chip leaders. Investors should watch if dip-buyers emerge or if selling continues, as this could set the tone for the semiconductor sector's near-term direction.
Technology stocks saw a sharp decline after an initial morning rally faded, with the semiconductor-focused ETF SOXL plunging 16.43% and AMD dropping nearly 7%. The selloff was driven by active short selling and investor caution ahead of the upcoming ...
After a rapid surge in tech stocks, especially semiconductors driven by AI demand, analyst Eddie Ghabour warns of a possible market correction this summer. The semiconductor sector, highlighted by the iShares Semiconductor ETF up 89% year to date, be...
Advanced Micro Devices (AMD) is rated a Strong Buy with a price target of $977.32, driven by trends in compute inversion and agentic AI. AMD's new 256-core Venice CPU and open-ecosystem strategy position it to capture a large share of the $120 billio...
The stock market is driven by the 'Parabolic 7' semiconductor stocks, which have surged dramatically this year, led by companies like Micron, AMD, and Intel. Despite their rapid gains, some valuations remain reasonable due to strong earnings growth, ...
The ARTY ETF has surged 102% over the past year, fueled by investments in AI infrastructure companies like NVIDIA, AMD, and Broadcom. Its portfolio focuses on suppliers of AI compute hardware, making it sensitive to capital expenditure (capex) trends...
