NASDAQ is experiencing a major correction, where can you hide? The Dow Jones, gold, and US bonds are all falling, but bitcoin remains 'strong'.
Market style has changed due to factors such as improved prospects for Trump's campaign and increased expectations for interest rate cuts.
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
10 Information Technology Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
KraneShares Launches AGIX, the Latest AI Themed ETF to Hit the Market
Nasdaq Set for Its Worst Week in 3-months, See How Some Names Have Performed
Here's How Much You Would Have Made Owning Qualcomm Stock In The Last 5 Years
Qualcomm (NASDAQ:QCOM) has outperformed the market over the past 5 years by 7.55% on an annualized basis producing an average annual return of 20.48%. Currently, Qualcomm has a market capitalization
Nvidia Makes up About Half of the S&P 500 Tech Sector
S&P Big Tech ETF Paces Decliners as S&P 500 Heads Toward Worst Week Since April
Dividend Roundup: Goldman Sachs, Johnson & Johnson, Qualcomm, Caterpillar, and More
OpenAI In Talks With Broadcom To Develop New AI Chip, Aims To Reduce Reliance On Nvidia: Report
OpenAI is in discussions with Broadcom Inc. (NASDAQ:AVGO) to co-develop a new AI chip. This move is aimed at reducing the company's dependency on Nvidia Corp. (NASDAQ:NVDA) and strengthening its
Reached the limit of investment? Report: Meta tightens investment in the metaverse department.
Mark Zuckerberg's dream of the metaverse has become bleak. With increased investment in AI, Meta continues to reduce staff in its Reality Labs division and requires its hardware team to cut spending by nearly 20% by 2026. Meta believes it has made significant investments in Reality Lab, but the division has accumulated losses of over $55 billion since 2019.
Citigroup: OpenAI will become Broadcom's fourth-largest customer, and the new AI chip is expected to be delivered in the second half of next year.
Will OpenAI start another bloody battle in the chip market by switching from nvidia's GPUs to broadcom's ASICs?
Options Market Statistics: Nvidia, Chip Stocks Rebound After Sell-Off, Options Pop
News Highlights
Goldman Sachs' top stock analyst: AI will not trigger an economic revolution, the bubble will burst eventually.
Jim Covello believes that the economic benefits brought by AI are not even comparable to those of smart phones and the internet; AI replaces low-paying jobs with expensive technology, which is completely opposite to the technological transformation that has occurred in the technology industry in the past thirty years.
Why 'Unloved' Small-cap Stocks Are in Store for a Strong Second Half - Carson's Detrick
Ultraman is building a 7 trillion chip empire? OpenAI and Broadcom may collaborate to develop AI chips.
The media reported that OpenAI is trying to create its own chips, recruiting former Google AI chip-related employees to develop an AI server chip. OpenAI CEO Altman plans to establish a new company with external investors to bear the cost of building a new datacenter to accommodate the new ai chip.
Wall Street Today | Market Faces Second-Day Pullback
The overall market pulled back for the second day in a row Thursday after a semiconductor sell-off Wednesday.
SA Interview: Apex Trader Funding Talks Stocks, Biden-Trump, Why Cash Is a Good Position
EXCLUSIVE: Market Strategist Jay Woods Says 'Rotation In Small Caps Is Just Starting': Russell 2000 Within 8% Of All Times, 'Easy Upside Target'
Small-cap stocks have gained in recent weeks with the Russell 2000 outpacing other major indexes.A market strategist thinks the make-up trade is just beginning and there is more room to run.What
Nvidia Invests In AI Network Optimizer Arrcus
Investors, including Nvidia Corp. (NASDAQ:NVDA), have invested about $27 million in the networking software startup Arrcus Inc. in the latest round of funding to enhance its platform for managing data traffic more efficiently.