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ITT News30 articles
Micron Rebounds Sharply as AI Memory Demand Offsets Storage Sector Jitters
Micron (NASDAQ:MU) rebounded 8.4% from its session low after the company raised fiscal 2027 earnings forecasts, underscoring investor confidence in AI-driven memory demand.
Brent's July Rally Widens WTI Spread to 60% on Hormuz Jitters
Brent crude rose over 20% in July, widening its premium over WTI to $5.87 as Hormuz shipping concerns persist. Tanker traffic through the strait remains at 30-35% of pre-conflict levels.
TeraWulf Plunges 12% as AI Sector Jitters Hit Miner-to-Data-Center Plays
TeraWulf fell 11.9% to $15.05, tracking a 13.2% average decline among ex-miner rivals. Bitcoin edged down only 0.4%, underscoring the stock's new AI-infrastructure identity.
Oil Spike and Fed Jitters Drag Dow 852 Points; Two Stocks Account for Most of the Drop
US stocks slid midday Wednesday, with the Dow down 852 points, as oil prices surged and the Fed decision approached. Two high-priced components accounted for most of the drop.
AI Investment Jitters Outweigh Oil Drop, Nasdaq-100 Futures Slide
Nasdaq-100 futures fell 1.04% in premarket trade as skepticism over AI spending overshadowed a boost from lower oil prices. Nvidia slipped 5% on OpenAI funding reports.
Global Tech Sell-Off Deepens as AI Jitters and Chip Rout Shake Markets
US futures fell sharply on Tuesday as a sell-off in chip stocks and growing AI concerns weighed on sentiment. Nvidia dropped 5%, losing $250 billion in value, while the KOSPI tumbled 10.8%.
Tencent Stock Slides 5.8% as Gaming Jitters and Buyback Pause Weigh
Tencent shares fell 5.8% last week as gaming worries and a buyback pause weighed on the stock ahead of second-quarter results.
Oil Surge and Inflation Jitters Test AI Stocks Ahead of Key Earnings
Brent crude climbed to $90.87, widening the divergence with semiconductor stocks and raising inflation risks ahead of key tech earnings from GOOGL, TSLA, and INTC.
Sherritt International Faces Heightened Risks After Cuba Grid Collapse
Cuba's repeated grid failures escalate restart costs and recovery risks for Sherritt International, as noteholders reveal competing emergency funding proposals.
Intel's $79 Billion Pre-Earnings Plunge Sparks Investor Jitters
Intel shares plunged 14.1% in the week leading to earnings, wiping out roughly $79 billion in market value as the chip sector faces valuation scrutiny.
Defense Boom Propels Saab to Record Q2 Profit; Tariff and Energy Jitters Weigh on US Futures
Saab's Q2 profit soared 41% to 2.79B SEK, beating estimates, as defense orders surged 141% amid European rearmament. US futures slipped on tariff and energy cost concerns.
Pakistan's Crypto Fatwa Sparks Regulatory Uncertainty for $41.6B Remittance Market
A fatwa against crypto purchases under Islamic law pressures Pakistan's regulatory framework, potentially impacting $41.6 billion in annual remittances and digital asset adoption.
Semis Rebound; Micron's $250B US Bet Fuels AI Rally Despite Oil Jitters
Micron's massive US investment plan boosted AI-chip stocks, with the Nasdaq climbing 1.3%. Oil prices fell, easing inflation fears, but geopolitical risks remain.
Brazil Defers Gasoline Subsidy Removal, Fueling Fiscal Jitters
Brazil delays decision on gasoline subsidy removal until next week, prioritizing rural debt restructuring and citing Iran conflict uncertainty, reigniting market inflation and fiscal worries.
Futures Rebound as Oil Retreat Eases Market Jitters
U.S. stock futures edged higher Thursday, led by Nasdaq 100 contracts, after oil's surge and geopolitical fears triggered a selloff. The market eyes jobless claims and Fed policy signals.
South Korean Stocks Tumble 20% from Peak Amid Chipmaker Volatility and AI Jitters
South Korean shares dropped 20% from their peak amid chipmaker volatility and AI concerns. Crinetics Pharmaceuticals surged 98.7% on a $10 billion Vertex acquisition deal.
IREN shares tumble 9.5% as Bitcoin slide and AI spending jitters weigh
IREN shares fell 9.5% to $49.51, underperforming peers, as Bitcoin slid below $60,000 and analysts questioned its AI cloud pivot, chip delivery risks, and $4.4 billion revenue goal.
Palantir Edges Up After Hitting 52-Week Low on Valuation Concerns
Palantir Technologies shares rose 0.7% in premarket trading after dropping to a 52-week low. The AI software firm faces valuation pressure but secured new deals with the U.S. Army and Zeta Global.
Gold Prices Near ₹1 Lakh in Chennai as Fed Rate Jitters Cap Recovery
Chennai gold prices dropped to ₹1,08,000 per eight-gram sovereign, approaching the ₹1 lakh level, as U.S. inflation data and Fed rate hike concerns limited global gold's rebound from a six-month low.
Tech Rout Deepens as AI Stocks Tumble, Oil Surge Stirs Inflation Jitters
US stocks slumped Wednesday as AI stocks slid on dilution fears from Super Micro Computer's $7 billion financing plan, while surging oil prices stoked inflation worries, dragging the S&P 500 down 1.56%.
Goldman Drops 2026 Rate Cut Forecast, Fueling Market Jitters
Goldman Sachs no longer expects a Fed rate cut in 2026, following robust May jobs data. The shift intensifies market anxiety, with the Nasdaq dropping 4.18% and the S&P 500 falling 2.64% on Friday.
Chip Rout Wipes Out $1.3 Trillion, Sparking Bearish Jitters
A hotter-than-expected jobs report crushed hopes for easier Fed policy, sending the PHLX Semiconductor Index down 10.3% and wiping $1.3 trillion from chip stocks.
UiPath Shares Slip Amid Inflation Jitters and Analyst Caution
UiPath shares dropped 3.68% to $11.24, erasing Monday's rally, as tech selloff and hold ratings outweighed strong Q1 results and guidance.
AI Rally Cools: Chip Rout Erases $1.3 Trillion as Jobs Data Spurs Rate Jitters
Wall Street's AI-driven rally stalled Friday as chip stocks plunged, erasing $1.3 trillion in market cap, after a strong jobs report sparked Fed rate fears. The S&P 500 ended a nine-week winning streak.
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.
Rigetti Computing Shares Tumble 14.5% as Tech Selloff Deepens on Rate Jitters
Rigetti Computing shares plunged 14.5% to $20.68 as a broad tech selloff, triggered by strong May payrolls and rate fears, swept through quantum stocks.
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.
Leveraged Chip ETF SOXL Tumbles 14.6% as Jobs Data Sparks Rate-Hike Jitters
SOXL dropped 14.6% as chip stocks tumbled on strong U.S. jobs data, raising rate-hike fears and underscoring the risks of triple-leveraged ETFs.
Keel Infrastructure Tumbles as AI Data Center Hopes Face Permitting Hurdles
Keel shares slipped 1.7% after a 98% monthly surge, as the market focuses on whether the company can convert its power-rich sites into AI data center leases amid Q1 losses.
Splash Beverage Surges After Submitting NYSE Compliance Plan
Splash Beverage shares jumped 71% to $0.2420 after filing a NYSE American compliance plan, with premarket trading at $0.3650. The company faces cash constraints and a lapsed Medterra CBD deal.