The Nasdaq Composite fell 1.4%, losing about $680 billion in market value due to a sharp selloff in semiconductor stocks, which dropped 6.3%, led by memory chipmakers. This decline reflects investors unwinding crowded AI-related trades amid expectations of tighter Federal Reserve monetary policy. While chip stocks plunged, other tech sectors like software showed resilience, with some large tech names stabilizing. The Nasdaq also broke below its 50-day moving average, signaling potential for further downside if selling continues. Upcoming earnings from Micron could influence chip stock recovery or further declines.
Bitget has introduced Stock+, a new feature allowing users to buy real US stocks directly using USDC and other digital assets. This innovation bridges crypto and traditional finance by enabling stock ownership through a single platform without interm...
Nvidia has developed a new liquid cooling system for AI data centers that reduces water use and energy consumption by eliminating traditional evaporative cooling towers. This closed-loop system cools chips directly and allows the use of outside air f...
US tech and semiconductor stocks fell sharply amid a global market sell-off, with the Nasdaq dropping 1.5% and the S&P 500 down 1%. SpaceX shares briefly fell below their IPO price due to investor concerns over heavy borrowing for AI investments. Maj...
Nvidia has introduced the BioNeMo Agent Toolkit, a software suite designed to enhance AI capabilities in biology, chemistry, genomics, and drug discovery. The toolkit integrates Nvidia's life sciences libraries, models, and computing tech to enable A...
Micron Technology's stock fell about 12% due to a broad tech sell-off, wiping billions off its market value. However, Deutsche Bank reports a looming multi-year memory shortage driven by rapid AI demand, particularly for high bandwidth memory (HBM) a...
