Recent risk-off sentiment caused sharp declines in growth tech, space stocks, cryptocurrencies, and precious metals due to forced deleveraging. However, Micron's strong earnings report could help stabilize the chip sector. Oil prices fell below $70 as increased traffic through the Strait of Hormuz created a supply surplus, easing inflation concerns and reducing pressure on the Federal Reserve to raise interest rates. Historical trends suggest chip stocks like those in SMH may rebound after such drops, supporting a positive outlook for the broader market in the second half of the year. Despite some speculation, current Nasdaq momentum and valuations do not indicate a tech bubble, and recent corrections are seen as healthy market resets within an ongoing upward trend.
Sanjeev Sharma forecasts the S&P 500 will finish 2026 slightly below its starting point due to weak consumer fundamentals like stagnant wage growth, high inflation, elevated gas prices, and rising interest rates. His disposable income-based model hig...
Micron Technology announced that its executives will participate in the KeyBanc Capital Markets Technology Leadership Forum on August 10, 2026, in Deer Valley, Utah. The event presentation will be webcast live and available for replay on Micron's Inv...
REX Shares has filed for the REX AI Chipmaking ETF, targeting the booming $1.3 trillion AI infrastructure sector. The fund tracks the VettaFi AI Chipmaking Index, focusing on companies involved in wafer fabrication equipment, advanced packaging, and ...
The Direxion Daily Semiconductor Bear 3X Shares (SOXS) surged about 11% amid a selloff in memory chip stocks led by Micron Technology and SK Hynix, which fell 8% and 11% respectively. This drop was triggered by Chinese DRAM maker CXMT's large IPO pla...
AI-related hardware and chip stocks, including Dell, Micron, and SanDisk, experienced a significant selloff following news that Meta Platforms plans to lease surplus AI capacity. This raised concerns about potential overbuilding of data center infras...
