Technology stocks saw a sharp decline after an initial morning rally faded, with the semiconductor-focused ETF SOXL plunging 16.43% and AMD dropping nearly 7%. The selloff was driven by active short selling and investor caution ahead of the upcoming SpaceX IPO, causing a rotation out of tech stocks. Other major tech names like Broadcom, Nvidia, Intel, and Apple also fell significantly, signaling a broad retreat in the sector. The lack of sustained buying pressure suggests further downside risk for tech stocks in the near term.
Chip stocks Advanced Micro Devices (AMD) and Intel experienced sharp midday declines of 9% and 8%, respectively, driven by broad profit-taking after significant year-to-date gains of 129% and 199%. Despite positive earnings reports and strong AI infr...
After a rapid surge in tech stocks, especially semiconductors driven by AI demand, analyst Eddie Ghabour warns of a possible market correction this summer. The semiconductor sector, highlighted by the iShares Semiconductor ETF up 89% year to date, be...
Advanced Micro Devices (AMD) is rated a Strong Buy with a price target of $977.32, driven by trends in compute inversion and agentic AI. AMD's new 256-core Venice CPU and open-ecosystem strategy position it to capture a large share of the $120 billio...
The stock market is driven by the 'Parabolic 7' semiconductor stocks, which have surged dramatically this year, led by companies like Micron, AMD, and Intel. Despite their rapid gains, some valuations remain reasonable due to strong earnings growth, ...
The ARTY ETF has surged 102% over the past year, fueled by investments in AI infrastructure companies like NVIDIA, AMD, and Broadcom. Its portfolio focuses on suppliers of AI compute hardware, making it sensitive to capital expenditure (capex) trends...
