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Flex Gains S&P 500 Entry Amid AI Power Unit Growth, Shares Slide in Tech Rout
Markets Daniel Marsh

Flex Gains S&P 500 Entry Amid AI Power Unit Growth, Shares Slide in Tech Rout

Flex (FLEX) is set to join the S&P 500 on June 22, drawing attention to its surging AI data-center power unit and planned spin-off, though shares dropped 4.8% in a tech selloff.

FLEX MRVL POOL CPB JBL SANM CLS
Intel Plunges as Chip Rout Erases $1.3 Trillion in Market Value
Markets Daniel Marsh

Intel Plunges as Chip Rout Erases $1.3 Trillion in Market Value

Intel shares tumbled 11.4% on Friday as a broad chip sell-off erased $1.3 trillion in market value, the worst day for the sector since March 2020. A disappointing outlook from Broadcom and renewed Fed rate hike fears overshadowed Intel's AI partnership with Foxconn.

INTC AVGO NVDA AMD
Chip Stocks Tumble as Nvidia Leads $1.3 Trillion Rout
Markets Daniel Marsh

Chip Stocks Tumble as Nvidia Leads $1.3 Trillion Rout

Nvidia shares plunged 6.2% as a strong U.S. jobs report and doubts about AI-chip demand sparked a sector-wide rout, with the PHLX Semiconductor Index down 10.3% and chipmakers losing $1.3 trillion in market value.

NVDA AVGO AMD MU GOOGL META
Sandisk Plunges 11% as Chip Sector Suffers $1.3 Trillion Selloff
Markets Daniel Marsh

Sandisk Plunges 11% as Chip Sector Suffers $1.3 Trillion Selloff

Sandisk fell 11.4% as the PHLX Semiconductor Index dropped 10.3%, its worst day since March 2020, erasing $1.3 trillion from U.S. chipmakers amid AI storage demand concerns.

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Micron Plunges 13% as $1.3 Trillion Chip Wipeout Hits AI Stocks
Markets Daniel Marsh

Micron Plunges 13% as $1.3 Trillion Chip Wipeout Hits AI Stocks

Micron Technology (MU) dropped 13% Friday, contributing to a $1.3 trillion semiconductor selloff, as investors penalized the chipmaker for delivering 'good but not better' AI news despite record revenue and Nvidia's HBM4 qualification.

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Wall Street Fear Gauge Jumps 40% as Tech Selloff Erases $1.3 Trillion
Markets Daniel Marsh

Wall Street Fear Gauge Jumps 40% as Tech Selloff Erases $1.3 Trillion

The VIX surged nearly 40% to 21.51 as a tech-led selloff erased $1.3 trillion from chipmakers, with the Nasdaq plunging 4.2% and S&P 500 down 2.6% after strong jobs data reignited rate hike fears.

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Nuclear Energy Stocks Tumble as Market Selloff Hits SMR Sector
Markets Daniel Marsh

Nuclear Energy Stocks Tumble as Market Selloff Hits SMR Sector

NuScale Power (SMR) shares tumbled 12.6% on Friday, caught in a broad market selloff that hit technology-linked and speculative stocks hard, with the Nasdaq falling over 4%.

SMR OKLO NNE XELB LEU
Amazon Stock Falls 3% on Rate Jitters, AI Rally Pauses
Markets Daniel Marsh

Amazon Stock Falls 3% on Rate Jitters, AI Rally Pauses

Amazon shares tumbled 3.1% on Friday amid a broad tech sell-off triggered by a stronger-than-expected jobs report, which revived fears of prolonged high interest rates.

AMZN MSFT GOOGL WMT
Scage Future Stock Surges 195% Amid Volatility Halts, Then Drops in After-Hours Trading
Markets Daniel Marsh

Scage Future Stock Surges 195% Amid Volatility Halts, Then Drops in After-Hours Trading

Scage Future stock nearly tripled on Friday, hitting two volatility halts, but reversed sharply in after-hours trading after the company warned of losses and potential shareholder dilution.

Azul Logística Slashes Brazil Cargo Transit to 3-4 Days
Markets Daniel Marsh

Azul Logística Slashes Brazil Cargo Transit to 3-4 Days

Azul Logística launches dedicated Campinas-Porto Velho freighter route, cutting delivery times to Brazil's North from over 10 days to 3-4 days, as part of post-bankruptcy 'responsible growth' strategy.

Strong Jobs Data Triggers Sharp Wall Street Selloff
Markets Daniel Marsh

Strong Jobs Data Triggers Sharp Wall Street Selloff

A blowout May jobs report triggered a broad selloff, with the Dow falling 1.3% and the Nasdaq dropping nearly 4%, as hopes for rate cuts faded.

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Wall Street Tumbles as Hot Jobs Data Dashes Rate Cut Hopes
Markets Daniel Marsh

Wall Street Tumbles as Hot Jobs Data Dashes Rate Cut Hopes

U.S. stocks fell sharply Friday as a robust jobs report led traders to price in higher odds of a Fed rate hike, sending the Nasdaq down over 3% and the semiconductor index into its worst drop since the tariff rout.

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