Markets News
Latest stock market news and real-time market analysis. Track S&P 500, Nasdaq, and Dow Jones movements, sector rotations, and breaking market events.
Chip Rout Wipes Out $1.3 Trillion as AI Trade Stumbles
U.S. chip stocks lost $1.3 trillion on Friday, ending the S&P 500's nine-week rally. A strong jobs report and Broadcom's weak update triggered the worst market day since October, but Goldman Sachs says the AI trade still has room to run.
Meta Shares Sink 5.5% on AI Funding Jitters Despite $31M Institutional Stakes
Meta shares dropped 5.5% on AI spending fears, while SEC filings show Waystone, Eaton, and Fidelis held $31.4 million in Meta at year-end. Analysts maintain a Moderate Buy with a $840.60 target.
S&P 500 Maintains Eligibility Rules; SpaceX IPO Looms
S&P Dow Jones Indices maintains its S&P 500 inclusion rules, while SpaceX's massive IPO could soon become a top ETF holding. Crypto markets show signs of a potential rally.
POET Technologies Shares Plunge 23% Amid Semiconductor Rout and Execution Concerns
POET Technologies shares tumbled 23% to $11.86 on Friday as the semiconductor sector sold off sharply. Investors are assessing execution risks following a $400 million capital raise, a $50 million Lumilens order, and Marvell's canceled purchase orders.
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.
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.
