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Nvidia's AI Deals in South Korea Face Market Skepticism as Chip Rout Deepens
Nvidia shares remain under pressure near Friday's steep decline despite new AI infrastructure deals in South Korea, as the broader chip sector reels from rate hike concerns and valuation fears ahead of Monday's open.
Nokia Shares Slide as AI Rally Fades Amid Oil and Rate Concerns
Nokia shares fell 2.98% in Helsinki as investors pulled back from AI-related tech stocks amid rising oil prices and rate concerns. ADRs dropped 13.48% Friday.
SpaceX IPO Set at $135, Retail Demand Surges Ahead of Nasdaq Debut
SpaceX plans to list on Nasdaq at $135 per share on June 12, with retail demand already double the shares available. The IPO values the company at $75 billion, but losses and valuation concerns loom.
Eli Lilly Faces Market Test After Retatrutide Shows Broad Health Benefits
Eli Lilly's new obesity drug retatrutide showed 28.3% weight loss and improvements in sleep apnea and knee pain. The stock faces a key test Monday amid competing data from rivals.
SK Hynix Drops Despite Nvidia Deal as KOSPI Tumbles on Rate Fears
SK Hynix dropped 7.68% to 1,911,000 won despite a multi-year Nvidia deal, as a KOSPI crash on US rate fears and tech rout outweighed AI demand.
Walmart Gains Amid Market Slump; Fuel Costs, AI, and Amazon Pose Risks
Walmart stock rose 0.97% Friday and 2.7% for the week, outperforming the S&P 500's 2.64% decline. However, a P/E ratio of 42 leaves it vulnerable to margin pressures from fuel costs, food inflation, and AI labor challenges.
Snap Stock Slips 5% as Tech Sector Retreats; Ad Recovery in Focus
Snap shares dropped 5.11% Friday amid a tech selloff, but ended the week up 0.9%. Investors await inflation data and CEO Evan Spiegel's June 16 AWE keynote for signs of ad recovery.
NIO Shares Fall Despite May Delivery Surge, June Target in Focus
NIO shares fell 5.8% Friday, reversing a delivery-led rally, as investors eye June sales needed to hit the company's Q2 target of 42,939-47,939 deliveries.
HPE Shares Slide as AI Optimism Fades Ahead of Key Week
HPE shares dropped 8.36% on Friday, capping a three-day slide that erased gains from a post-earnings surge, as analysts caution the AI rally may have run ahead of fundamentals.