Chip stocks fell sharply after weeks of gains, signaling a cooling in the semiconductor rally. Intel dropped as much as 11% before closing down 6.8%, while Qualcomm fell 11.5%. Nvidia was an exception, rising slightly by 0.6%. The PHLX Semiconductor Index (SOX) declined 3%, reflecting broader weakness in the sector. This shift may indicate investor caution or profit-taking after recent strong performance in chip stocks.
AMD shares have jumped 55% over the past month, driven by strong AI data center demand and impressive Q1 2026 results, including 38% revenue growth and a 57% increase in Data Center revenue. Intel, while growing more slowly with 7% revenue growth and...
The Invesco PHLX Semiconductor ETF (SOXQ) surged 165% from May 2025 to May 2026, driven by strong AI-related demand boosting semiconductor prices and sales. The fund, tracking the top 30 U.S. semiconductor stocks, benefits from a market-cap-weighted ...
Nvidia announced it expects to generate $20 billion in CPU revenue in fiscal year 2027 from its new Vera CPU, marking a major shift from zero CPU revenue last year. The Vera CPU, developed with MediaTek, integrates tightly with Nvidia's Vera Rubin pl...
Broadcom's stock fell 14% to around $410 after its Q2 2026 earnings report, despite beating revenue and EPS expectations. The decline was driven by weaker-than-expected AI chip sales guidance for the next quarter, which fell short of analyst estimate...
IBM shares surged nearly 44% in one month, hitting record highs near $330, driven by a $1 billion U.S. government grant for quantum computing and renewed investor focus on its quantum and AI ambitions. The U.S. Commerce Department's $2 billion suppor...
