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Stocks Pressured by Weakness in Chipmakers
Barchart48d agoneutral
Stocks Pressured by Weakness in Chipmakers

The S&P 500 Index ($SPX ) (SPY ) today is down -0.54%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.38%. September E-mini S&P futures (ESU26 ) are down -0.51%, and September E-mini Nasdaq futures...

Stocks to Watch: ON Semiconductor, Apple, Zalando
The Wall Street Journal48d agoneutral
Stocks to Watch: ON Semiconductor, Apple, Zalando

↘️ ON Semiconductor (ON): The chip maker agreed to acquire Synaptics (SYNA) in a roughly $7 billion all-stock transaction, as it seeks to push into physical AI. Shares of ON Semiconductor tumbled 12% premarket, while Synaptics’ stock gained 6%.

Is Seagate (STX) Turning AI-Fueled Pricing Power Into a More Durable Earnings Model?
Simply Wall St.49d agoneutral
Is Seagate (STX) Turning AI-Fueled Pricing Power Into a More Durable Earnings Model?

In recent days, Seagate Technology Holdings has been thrust into the spotlight as a core AI infrastructure provider, with media, analysts, and major investors highlighting its key role in handling AI-driven data growth and its strong recent revenue and margin performance. Behind the headlines, Seagate’s shift toward higher-value nearline storage contracts, tight supply conditions, and long-term customer commitments appears to be giving the company unusual pricing power and earnings...

Why Seagate (STX) Shares Are Getting Obliterated Today
StockStory49d agoneutral
Why Seagate (STX) Shares Are Getting Obliterated Today

Shares of data storage manufacturer Seagate (NASDAQ:STX) fell 7.1% in the afternoon session after a leverage-driven rout in South Korean chipmakers, renewed doubts about debt-funded AI capital spending, and a hawkish repricing of Fed rate expectations hit the year's most crowded trade, leaving the whole complex hostage to Micron's earnings after the close.

Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally
Reuters49d agobullish
Micron and Qualcomm forecasts ignite $400 billion AI chip stock rally

Shares of chipmakers surged late on Wednesday, adding over $400 billion in market ‌value after strong forecasts from Micron Technology and Qualcomm ‌breathed fresh life into Wall Street's recently waning AI stock rally. Micron surged ​12% in extended trade after forecasting quarterly earnings above analysts' estimates, signaling that heavy investments in AI-related infrastructure will drive strong demand for its memory chips. Also after the bell, Qualcomm ‌said it expects $15 billion ⁠in sales from its data center business by 2029 as it moves beyond its core smartphone ⁠chip business and shifts its focus to AI.

The NASDAQ Dropped 3% as Micron, Intel, and AMD Tumble, but One Tech Name Is Bucking the Trend
24/7 Wall St.50d agobearish
The NASDAQ Dropped 3% as Micron, Intel, and AMD Tumble, but One Tech Name Is Bucking the Trend

CNBC’s Dominic Chu opened Tuesday’s market coverage with a familiar tape pattern that has not shown up much in 2026. “The tech sell-off that began Monday building momentum this morning after memory chip related shares tanked on Asian markets overnight,” Chu told viewers, and damage in U.S. premarket concentrated exactly where expected. The NASDAQ-100 proxy ... The NASDAQ Dropped 3% as Micron, Intel, and AMD Tumble, but One Tech Name Is Bucking the Trend

Bloomberg50d agoneutral
Micron Earnings Take on New Gravity With Market on Edge Over AI

(Bloomberg) -- Micron Technology Inc.’s earnings report on Wednesday afternoon is shaping up to be one of the most important in months as investors find themselves suddenly on edge over the sustainability of the AI rally.Most Read from BloombergStocks Slide as Wall Street Gets AI Wake-Up Call: Markets WrapOracle Cut 21,000 Jobs in 12 Months, Says AI Replaced Some Roles‘FOMO Really Got Me’: Taiwanese Go Deep Into Debt to Amp 100% Stock RallySpaceX Falls for Third Day, Erases $600 Billion in Marke

Seagate (STX) Gets Fresh Backing As An AI Data Storage Winner
Simply Wall St.50d agoneutral
Seagate (STX) Gets Fresh Backing As An AI Data Storage Winner

Seagate Technology Holdings (NasdaqGS:STX) has been spotlighted as a key AI infrastructure beneficiary as attention on AI-driven data storage grows. Kiplinger's recently included Seagate among its top stocks to buy, citing its role in supporting AI data growth. Morgan Stanley analysts highlighted Seagate's position in cloud storage and demand tied to AI applications. Seagate's CEO described the current phase as a new era for the company focused on AI-led data storage. Seagate Technology...