Semiconductor stocks suffered a brutal sell-off on Wednesday, with the $PHLX Semiconductor Index(.SOX.US)$ dropping nearly 7%, marking its worst performance since 2020. $ASML Holding(ASML.US)$ plunged more than 12%, while $Applied Materials(AMAT.US)$, $Advanced Micro Devices(AMD.US)$, $Marvell Technology(MRVL.US)$, and $Lam Research(LRCX.US)$ all fell more than 10%, and $NVIDIA(NVDA.US)$ dropped 6.6%.
What Happened?
The sharp decline in the semico...

$iShares Russell 2000 ETF(IWM.US)$ has experienced a surprising surge, gaining 3.4% in just five days. This rise comes despite widespread bets against it throughout the year and anticipations of a potential rate cut.
However, the strong market activity and broad participation indicate that we may be entering a new upward trend. This is further evidenced by significant increases in net highs on both the $NASDAQ(NASDAQ.US)$ and $NYSE(NYSE.US)$, and a notable rise in th...

$Taiwan Semiconductor(TSM.US)$ This means that even tomorrow's earnings report usually releases risk early

$Baidu(BIDU.US)$
85.08 is the bottom as of yesterday. A big gap up today shows that the stock is bullish and ready for strong rebound in the coming days.

$Tesla(TSLA.US)$attracted almost $190 million in short call positions at a time when the stock is soaring to its highest level since January.
Shares of the electric vehicle maker jumped 9% to $228.83 Tuesday after Tesla reported second quarter deliveries that beat analysts' estimates. Wedbush analyst Daniel Ives said the results represented "a huge comeback performance" for the company that's widely expe...

$NVIDIA(NVDA.US)$ Nvidia faces French antitrust lawsuit with the heaviest penalty of 10% of global annual turnover
2024 July 02
(Paris 2nd) Artificial intelligence (AI) chip giant Nvidia (Nvidia) will be charged by the French antitrust supervisory authority for suspected anti-competitive behavior, which will make the French authorities the first law enforcement agency to take action against Nvidia.
French regulators released a report on generative artificial intelligence competition on June 28, referring to the risk of misuse by chip suppliers.
Regulators expressed concern over the chip industry's reliance on Nvidia CUDA chip programming software, and mentioned Nvidia's recent investment in cloud service providers such as CoreWeave that focus on artificial intelligence, and regulators are also uneasy.
Companies that violate French antitrust rules may face fines of 10% of their global annual turnover, but these companies can also make concessions to avoid fines.