US Representative Josh Gottheimer disclosed purchases of stocks in four major AI chip companies: Advanced Micro Devices, Micron Technology, Analog Devices, and Fabrinet. These buys, made between May 1 and May 21, 2026, reflect his position on the House Financial Services subcommittee overseeing AI. Each purchase ranged from $1,001 to $15,000. The companies are critical suppliers in the AI industry, with Micron and AMD providing processors and memory, Analog Devices supplying power chips, and Fabrinet manufacturing optical components. Since the purchases, these stocks have seen significant gains, with Micron up over 59% and AMD up over 48%, indicating strong market confidence in AI growth.
Asian semiconductor stocks experienced a significant decline following a sell-off in US chipmakers, with SK Hynix shares dropping over 9% in Seoul after an earlier 8% rally. The sell-off reflects concerns over AI spending and profit-taking after a st...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
In Q2 2026, AMD's stock surged 182.4%, driven by growth in AI workloads linked to large language models. CrowdStrike also saw strong gains of 95.6% due to a positive shift in the AI investment narrative. Conversely, Netflix's stock declined after bea...
The ERShares Private-Public Crossover ETF (XOVR) holds nearly 23% of its portfolio in SpaceX, providing direct pre-IPO exposure to investors. In contrast, the ARK Innovation ETF (ARKK) does not hold SpaceX shares but invests in public disruptive tech...
