Rivian just posted its cleanest quarterly beat in months and lifted full-year guidance, so why are shareholders waking up to an 8% drop while Lucid bleeds in sympathy and Tesla quietly holds its ground?
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Shares were gaining on Friday after Intel’s earnings report signaled demand for AI chips remains strong.
S&P 500 futures added 0.2% Friday morning after the index posted its worst single-day drop since late June
Intel is expected to post stronger Q2 results, but semiconductor sentiment and valuation remain key investor concerns.
Stocktwits data showed retail sentiment is weak, declining to ‘extremely bearish’ on SPY and ‘bearish’ on QQQ.
Intel stock fell almost 8% on Friday after posting blowout Q2 earnings after the bell on Thursday.
Intel confirmed that it is “aligning” its Data Center Group for “long-term success,” according to reports.
July 20 (Reuters) - U.S. stock index futures rose slightly on Monday, following last week's chip-stocks-led pullback, as investors awaited a key slate of earnings that could test Wall Street's AI-
The move could set the stage for another round of the recent yo-yo trade, with weakness in Korean chip stocks spilling over to U.S. semiconductor names and vice versa.
Markets face a potentially volatile week as AI bubble fears intensify amid concerns that technology sector repricing has not yet reached equilibrium, coinciding with earnings season ramping dramatically through late July.
Shares of Intel (NASDAQ:INTC) are down 10% in Tuesday morning trading to $110, while Advanced Micro Devices (NASDAQ:AMD) stock is off 8% to $508. The moves cap a sharp reversal after both names rallied Monday. The declines are part of a broader chip selloff triggered by Samsung Electronics’ quarterly report. Equipment maker Applied Materials (NASDAQ:AMAT) ... Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff
US markets are set for a mixed open on Tuesday, with technology stocks expected to come under pressure after Samsung delivered record quarterly profits that still failed to satisfy investors, raising fresh questions about AI valuations. Nasdaq futures were down 1.1% ahead of the opening bell,...
Its share price has plunged about 21% since second-quarter earnings were released on June 3.
Investors must decide whether Meta's remarkable ad business outweighs its eye-watering AI spending.
Broadcom’s AI forecasts, which some considered soft, triggered a sell-off in AI-linked stocks.
Probably. Capital One's issues are not an isolated problem.
All three major US stock indexes were up in late-morning trading Tuesday, as oil prices slid despite
HSBC downgrades Advanced Micro Devices stock to Hold from Buy in a research note ahead of the company’s earnings report Tuesday.