Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

US tech and chip stocks plunge, SpaceX briefly dips below IPO price amid global sell-off

Market News
23 Jun 2026
New York Post
View Source
Bearish
pluang ai news

US tech and semiconductor stocks fell sharply amid a global market sell-off, with the Nasdaq dropping 1.5% and the S&P 500 down 1%. SpaceX shares briefly fell below their IPO price due to investor concerns over heavy borrowing for AI investments. Major chipmakers like Micron, Qualcomm, AMD, and Intel saw significant declines, while South Korea's Kospi index led the global tech sell-off. Analysts warn this downturn reflects ongoing volatility in tech stocks as the AI sector continues to evolve.

More News (GOOGL)

Alphabet stock dips but AI growth and cloud revenue boost buy rating with 28% upside potential.

Alphabet stock dips but AI growth and cloud revenue boost buy rating with 28% upside potential.

Alphabet's stock fell nearly 5% last week amid news of key AI researchers leaving, yet it remains up over 11% year-to-date. Strong Q1 earnings beat expectations with revenue rising 21.8% and Google Cloud revenue surpassing $20 billion, growing 63%. T...

Analyst Insights
Bullish
5 hours ago
Global tech stocks plunge on memory chip worries and rising interest rate fears ahead of Micron earnings.

Global tech stocks plunge on memory chip worries and rising interest rate fears ahead of Micron earnings.

Global markets saw a sharp selloff led by major chipmakers like Nvidia, Intel, and Samsung amid investor anxiety ahead of Micron's earnings report, a key indicator for AI demand. The Nasdaq dropped 2.8%, and South Korea's Kospi plunged 10% as memory ...

Market News
Bearish
6 hours ago
Alphabet poised for upgrade as AI growth and investments boost market confidence

Alphabet poised for upgrade as AI growth and investments boost market confidence

Alphabet is expected to receive a timely upgrade due to its renewed AI-driven growth momentum and strategic moves like an $85 billion secondary offering and Berkshire Hathaway's $10 billion stake. These developments highlight Alphabet's key role in t...

Analyst Insights
Bullish
6 hours ago
Nasdaq set for sharp drop as tech sell-off deepens globally amid sector rotation.

Nasdaq set for sharp drop as tech sell-off deepens globally amid sector rotation.

US stock futures indicate a steep decline with Nasdaq 100 expected to fall about 2.8%, driven by a deepening sell-off in technology shares worldwide. Major tech companies like Alphabet, Amazon, and Meta saw significant losses, while Asian and Europea...

Market News
Bearish
7 hours ago
Google stock drops 7% after key AI researchers leave for rivals Anthropic and OpenAI

Google stock drops 7% after key AI researchers leave for rivals Anthropic and OpenAI

Google's stock fell as much as 7% after two top AI researchers, John Jumper and Noam Shazeer, left for competitors Anthropic and OpenAI. These departures raise concerns that Google is losing its edge in AI talent and innovation, potentially falling b...

Market News
Bearish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App