The Nasdaq is poised for a fifth consecutive day of losses as investors rotate out of technology stocks ahead of the quarter-end, with futures down 1.2%. Apple shares dropped 6% after warning of higher memory costs leading to price increases, while Microsoft shares fell nearly 4% due to rising component costs. Despite strong results from chipmaker Micron, concerns about funding AI development and rising inflation have pressured tech stocks. Investors are reallocating funds into sectors like industrials and healthcare, signaling sector rotation rather than a bear market start. Meanwhile, US inflation data showed core PCE at its highest since October 2023, suggesting interest rates may stay elevated longer.
Tech stocks declined with Apple dropping over 6% and Microsoft down 3.5% after both raised prices citing higher memory chip costs driven by AI demand. Micron surged 15% post-earnings but later fell on OpenAI IPO delay news, dragging the Nasdaq to its...
Legendary investor Jeremy Grantham has issued a warning about what he calls the largest market bubble in American history, fueled by excitement around artificial intelligence and companies like SpaceX. Grantham highlights extreme market euphoria and ...
Apple and Microsoft are both experiencing stock price declines, but Microsoft's drop is deeper and reflects company-specific issues, while Apple's is a mild pullback within a healthy trend. Microsoft is valued more attractively with lower price multi...
Tech stocks faced pressure with the Nasdaq falling despite strong earnings from Micron and steady inflation data. OpenAI is considering delaying its IPO until 2027 due to investor concerns and ongoing heavy investments, while rival Anthropic has surp...
SoftBank Group's shares dropped over 11%, leading a widespread selloff in Asian technology stocks due to concerns about rising costs for AI infrastructure. The decline followed a fourth consecutive drop in the Nasdaq Composite, with Apple and Microso...
