The MicroSectors FANG Innovation 3x Leveraged ETN (BULZ) fell 18% on June 5, 2026, following a broad selloff in major tech stocks like NVIDIA, Broadcom, Tesla, Meta, and Amazon. This product amplifies daily index moves by three times, so a coordinated drop in its equal-weighted tech basket led to a sharp decline. The selloff was triggered by disappointing AI semiconductor guidance from Broadcom and a stronger-than-expected May payroll report, which pushed Treasury yields higher and raised concerns about future rate hikes. Investors should watch upcoming CPI data and Fed commentary, as these will influence whether the tech sector rebounds or continues to face pressure from rising rates and spending uncertainties.
NVIDIA shares increased by about 1.75% amid a broader tech sector rally, driven by renewed investor interest in large-cap technology stocks. The company announced new AI infrastructure partnerships in South Korea with SK hynix, SK Telecom, and NAVER,...
NVIDIA reported an extraordinary Q1 FY27 with $81.6 billion revenue, driven by 92% growth in its Data Center segment and $48.55 billion free cash flow. Despite this, shares are up only 10.1% year-to-date, weighed down by macroeconomic concerns and Ch...
NVIDIA CEO Jensen Huang views the recent decline in AI stocks as a major buying opportunity, supported by the company's strong financial results, including 85% revenue growth and $48.55 billion free cash flow in the latest quarter. NVIDIA is also agg...
On June 8, three major Wall Street analysts issued bullish 12-month price targets for SanDisk stock, with estimates ranging from $2,100 to $2,900. Bank of America raised its target to $2,100 citing strong pricing and demand, while Mizho highlighted A...
US stock indices including Nasdaq 100, Dow Jones 30, and S&P 500 surged in early trading following a slight drop in US interest rates. The Nasdaq 100 is expected to test the 30,000 level, supported by a strong 28,500 level, while the Dow Jones is con...
