Advanced Micro Devices (NASDAQ: AMD) shares fell 1.19% on Friday even as investors looked ahead to the chipmaker’s Advancing AI 2026 event next week in San Francisco.Analysts expect the company to unveil new artificial intelligence products, customer wins, and long-term growth plans in the event.The event marks AMD’s first dedicated…
On Friday, Chinese AI startup Moonshot sparked a fresh selloff in global semiconductor stocks after unveiling its latest Kimi K3 model. Apple reclaimed its position as the world’s most valuable publicly traded company briefly before Nvidia went back to the top place. Meanwhile, oil prices surged as the US and…
Microsoft (NASDAQ: MSFT) shares fell 1.5% on Friday, extending a difficult year for the software giant as investors continued to weigh heavy artificial intelligence spending against the company’s long-term growth prospects.The stock has declined more than 20% in 2026 and nearly 23% over the past year, even as Microsoft has…
US stocks closed lower on Friday, capping a weak week for Wall Street as a deepening selloff in semiconductor stocks and renewed concerns over artificial intelligence spending weighed on investor sentiment. The decline came despite a strong start to the second-quarter earnings season, with rising geopolitical tensions in the Middle…
AtaiBeckley (ATAI) shares are ripping higher on Thursday morning after pharmaceutical giant Eli Lilly (LLY) said it will acquire the clinical-stage biotechnology firm for up to $3.8 billion.Lilly has agreed to pay $6.75 a share in cash upfront ($2.8 billion) – with an additional $2.5 a share in contingent value…
Rocket Lab’s stock price plunged more than 12% on July 16, hitting its lowest level since April 13. The decline has pushed the shares down 55% from their peak this year, wiping out nearly half of the company’s market value as its valuation fell from $86 billion to around $40…
SoftBank extended Asia’s technology rout on Friday, sliding 9.7% by Tokyo’s midday break as investors continued pulling money from the region’s most crowded artificial-intelligence trades.The fall followed a brutal Thursday in Seoul, where SK Hynix tumbled 13%, Samsung Electronics lost 8.8% and the Kospi sank 6.4%.The companies occupy different parts…
Netflix stock (NASDAQ: NFLX) plunged nearly 9% in after-hours trading after the streaming company issued a weaker-than-expected third-quarter forecast, reviving doubts about whether slowing growth can support a premium valuation.The company projected revenue of $12.9 billion and diluted earnings of $0.82 per share, below Wall Street estimates of $13 billion…
Asian stocks opened lower on Friday as the global retreat from semiconductor shares gathered pace, leaving the region’s chip-heavy markets exposed to another round of selling.Japan’s Nikkei 225 slid 2.8%, while MSCI’s gauge of Asia-Pacific shares outside Japan edged 0.1% lower. Nasdaq 100 futures dropped 0.7% and S&P 500 contracts…
The Nikkei 225 Index slumped by over 5% today, July 17, as the rout in Asian technology companies accelerated. It has now moved into a technical correction after falling by 12% from its highest point this year. While most companies dropped, the biggest losers were tech firms like Tokyo Electron,…