The Nasdaq dropped 4.1% on Friday, wiping out nearly a month of gains amid a tech stock selloff that also dragged the S&P 500 down 2.6%, ending its nine-week winning streak. Major tech companies like Intel, Oracle, and Nvidia saw significant declines, while the Dow fell 1.3%. The selloff followed a strong jobs report and coincided with Bitcoin falling below $60,000 after a notable crypto sale. Despite the drop, the Nasdaq and S&P 500 remain up month-over-month, supported by AI sector growth and infrastructure spending.
On June 5, chip maker stocks led losses in the S&P 500 with Micron falling 13%, Intel and Sandisk down 11%, and Marvel Technology dropping 16.7%. Despite the sharp declines, these stocks have seen strong gains earlier in 2026, with Micron up 249% and...
Shares of leading semiconductor companies Micron, SanDisk, and Marvell dropped 5-6% in a coordinated sell-off, marking a rare pullback after massive gains in 2026. These stocks, part of the "Parabolic 7" group, have surged hundreds of percent year-to...
Intel's stock has surged 443.9% over the past year, including a 149.11% rise in the last 90 days, driven by renewed demand for server CPUs amid the AI boom. This turnaround has attracted attention to the Direxion Daily INTC Bull 2X ETF (LINT), which ...
The market narrative is shifting from impressive Q1 earnings, especially in tech and semiconductors, to concerns about inflation and the likelihood of no Federal Reserve rate cuts this year. Recent data like May ISM services prices and ADP private em...
The agentic AI market in scientific discovery is projected to grow from $0.26 billion in 2025 to $0.4 billion in 2026, a 57% increase, fueled by automation, advanced AI tools, and expanding digital research databases. This growth is expected to conti...
