Team Inc

Nearly $20 billion exited tech sector funds last week, wiping out prior record inflows, as AI trade momentum cooled and chip stocks suffered their worst weekly drop since March.

Fidelity International appoints Elisa Prezzavento as director of ETF product strategy, hiring from State Street to expand its active ETF lineup in Europe and Asia-Pacific.

Bolt CEO Ryan Breslow defended cutting the HR department at Fortune's summit, stating it created problems. The move follows layoffs and a shift to AI and a finance app.

Unusual Machines posted Q1 revenue of $8.1 million, a 296% jump, and net income of $10.3 million from investment gains. Shares surged 12.8% as the firm raised $150 million and agreed to buy DroneNX for $52 million.

Intel shares dropped 3.3% to $45.33, reversing earlier gains as chip stocks slid after Nvidia's results failed to boost sentiment. The decline followed Intel's AI inference partnership announcement with SambaNova.

HSBC Holdings saw its London-listed shares advance approximately 0.3% early Friday, while its U.S. ADR declined. The move follows a report of staff reductions in the bank's U.S. bond-deal team, setting the stage for its upcoming annual earnings release.

AMD shares jumped 8.3% to $208.44, leading a semiconductor rally fueled by optimism over sustained AI infrastructure spending. Investors now eye upcoming economic data and Nvidia's earnings.