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Bank of America: Technology stocks are only one "terrible non-farm report" away from collapsing.
Since the historical high point on July 10th, the market cap of companies in the Nasdaq 100 index has evaporated $2.6 trillion. Analyst Michael Hartnett of Bank of America believes that signs of an economic slowdown will put further pressure on technology stocks, but remains optimistic on the bond market for the second half of the year.
Amkor Technology (AMKR.US) receives chip funding and signs preliminary terms of up to 0.6 billion US dollars.
Amkor Technology (AMKR.US) has reached a non-binding preliminary memorandum of understanding with the US Department of Commerce. As part of the Chips and Science Act, the company will receive up to $0.4 billion in proposed direct funding.
Chip Stock Sell-off Opens Door for Long-term Plays: Analyst
Tech Sell-off to Be Short Lived; This Is Start of Tech Bull Run: Wedbush
Today's Analyst Rating | Apple Price Target Raised to $260 by Needham, Microsoft Price Target Raised to $550 by Wedbush
AI dreams, Silicon Valley persists, while Wall Street hesitates.
"Follow the money" on Wall Street believes that AI technology has not yet reached the expected level of practicality, investing too much not only fails to recover costs, but also easily triggers a bubble. However, technology giants in the midst of the AI whirlpool are still frantically investing money, aiming for a future.
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EZ_money : Wall Street journal.... deep state shadow government - YouTube
EZ_money : propaganda