Leveraged Chip ETFs Tumble as AI Trade Wobbles
Markets Daniel Marsh

Leveraged Chip ETFs Tumble as AI Trade Wobbles

Leveraged chip ETFs led a tech selloff, with SOXL down 15.4%. AI trade pressure and upcoming CPI data fuel market jitters.

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SpaceX IPO Set for Rapid Nasdaq-100 Entry, QQQ Investors Brace for Volatility
IPO Michael Okonkwo

SpaceX IPO Set for Rapid Nasdaq-100 Entry, QQQ Investors Brace for Volatility

SpaceX's $1.75 trillion IPO may fast-track into the Nasdaq-100 and QQQ ETF, raising volatility risks due to a tiny 7% free float. Chip sell-off pressures markets.

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Bitcoin Dips to $61K as Traders Eye CPI Data for Fed Clues
Crypto Sarah Chen

Bitcoin Dips to $61K as Traders Eye CPI Data for Fed Clues

Bitcoin fell to near $61,000, down 3%, as traders cut risk ahead of Wednesday's CPI report, which is expected to show 4.2% annual inflation, keeping rate hike fears alive.

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DraftKings Up 8% as Prediction Market Volume Hits $3.1B in May
Markets Daniel Marsh

DraftKings Up 8% as Prediction Market Volume Hits $3.1B in May

DraftKings shares surged 8% after disclosing May prediction market volume reached $3.1B, a 34% jump from April, highlighting growing user engagement.

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AHMA Surges 185% on Heavy Volume, No News to Explain Rally
Markets Daniel Marsh

AHMA Surges 185% on Heavy Volume, No News to Explain Rally

AHMA shares jumped 185% to $3.08 on massive volume, with no recent company news to explain the move. The Dubai-based travel firm's stock surged well above its peers but remains below its IPO price.

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Quantum Computing Stocks Slide Amid Broad Tech Selloff; Rigetti Down 14%
Technology Sarah Chen

Quantum Computing Stocks Slide Amid Broad Tech Selloff; Rigetti Down 14%

Rigetti Computing shares plunged 14.4% in a broad tech selloff, erasing gains from positive analyst coverage. Other quantum stocks like IonQ and D-Wave also fell sharply.

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Archer Aviation Shares Tumble as Cathie Wood's ARK Sells Stake Amid eVTOL Sector Woes
Markets Daniel Marsh

Archer Aviation Shares Tumble as Cathie Wood's ARK Sells Stake Amid eVTOL Sector Woes

Archer Aviation shares dropped 9.1% after ARK Invest sold 2.2 million shares. FAA certification delays and high cash burn keep pressure on the eVTOL name.

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Aurora Innovation Dips Amid Tech Selloff, Uber's Share Sale Still Weighs
Markets Daniel Marsh

Aurora Innovation Dips Amid Tech Selloff, Uber's Share Sale Still Weighs

Aurora shares fell 3.5% as tech and self-driving stocks slid. Uber's block sale of 67.5 million shares at $7.10 continues to overhang the stock.

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UNFI Stock Tumbles 12% on Revenue Shortfall Despite Profit Beat
Earnings James Calloway

UNFI Stock Tumbles 12% on Revenue Shortfall Despite Profit Beat

United Natural Foods shares slid 12.4% after quarterly revenue fell short of Wall Street expectations, though adjusted earnings met forecasts and debt leverage hit a six-year low.

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BlackBerry Stock Drops 8.5% Ahead of Q1 Earnings Report
Earnings James Calloway

BlackBerry Stock Drops 8.5% Ahead of Q1 Earnings Report

BlackBerry shares slid 8.5% to $8.50 as investors eye June 25 Q1 earnings, with focus on QNX growth and revenue forecast of $132-$140 million.

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Tech Stock Reversal Hits Wall Street Amid AI Rally Concerns
Markets Daniel Marsh

Tech Stock Reversal Hits Wall Street Amid AI Rally Concerns

Nasdaq and S&P 500 fell Tuesday as chip stocks gave up early gains, pressuring the AI-led rally. Markets await inflation data and SpaceX's massive IPO.

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AI Shift Pressures Nintendo and Sanrio as Capital Flows to Chips
Markets Daniel Marsh

AI Shift Pressures Nintendo and Sanrio as Capital Flows to Chips

Nintendo raises Switch 2 prices in Japan and the US amid rising memory costs and tariffs, while AI-driven capital shifts pressure valuations of Japan's top entertainment brands.

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