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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.
Billionaire Peter Thiel, VP Nominee JD Vance Have More Than Trump In Common: They're Both Really Into Hobbits
The appointment of J.D. Vance as Donald Trump's running mate and vice-presidential nominee came as a surprise for most within and without the political establishment.The Ohio-born, former Marine and
What's Going On With Coinbase Stock?
Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher Friday as the price of Bitcoin (CRYPTO: BTC) rises. The Details:Bitcoin is up more than 4% over the past 24 hours and trading above $66,00
What's Going On With MicroStrategy Shares Friday?
MicroStrategy, Inc. (NASDAQ:MSTR) stock is trading higher on Friday amid a rise in the price of Bitcoin (CRYPTO: BTC).What To Know: MicroStrategy shares and other crypto-linked stocks, including
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
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
Western Alliance Posts Upbeat Earnings, Joins Abacus Life, SLB And Other Big Stocks Moving Higher On Friday
U.S. stocks were lower, with the Dow Jones index falling around 250 points on Friday.Shares of Western Alliance Bancorporation (NYSE:WAL) rose sharply during Friday's session following upbeat
Analyst Ratings For Coinbase Glb
Providing a diverse range of perspectives from bullish to bearish, 16 analysts have published ratings on Coinbase Glb (NASDAQ:COIN) in the last three months.In the table below, you'll find a summary
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?
Palantir, Netflix, Domino's Pizza, Eli Lilly, Tesla: Why These 5 Stocks Are On Investors' Radars Today
On Thursday, major U.S. stock indices were down, with the Dow Jones Industrial Average dropping nearly 1.3% to 40,665.03, the S&P 500 falling almost 0.8% to 5,544.59, and the Nasdaq decreasing 0.7% to 17,871.22.
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.
Forecasting The Future: 14 Analyst Projections For Toast
In the last three months, 14 analysts have published ratings on Toast (NYSE:TOST), offering a diverse range of perspectives from bullish to bearish.The table below offers a condensed view of their