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A Nasdaq Selloff Takes Hold. AI Stocks Are Getting Crushed.
Barrons.com65d agobearish
A Nasdaq Selloff Takes Hold. AI Stocks Are Getting Crushed.

The S&P 500, down 1.8%, was on track to snap a nine-week winning streak. The Dow fell 400 points, or 0.8%, but is still up slightly on the week. David Donabedian, senior investment strategist at CIBC Private Wealth, told Barron’s that the action this morning began as a continued rotation away from AI winners.

Jim Cramer Highlights Cisco Systems as the Top Dow Performer
Insider Monkey65d agoneutral
Jim Cramer Highlights Cisco Systems as the Top Dow Performer

Cisco Systems, Inc. (NASDAQ:CSCO) was among Jim Cramer’s stock calls on Mad Money, as he highlighted several opportunities in out-of-favor sectors. Cramer highlighted the stock’s performance during the episode, as he remarked: All sorts of old-fashioned respected tech stocks have caught fire here thanks to this AI data center boom. Take Cisco, the networking and […]

Nasdaq, S&P 500 Drop Again. The Dow Is Down, Too.
Barrons.com65d agobearish
Nasdaq, S&P 500 Drop Again. The Dow Is Down, Too.

The Nasdaq fell again Friday amid ongoing struggles for AI stocks in the wake of Broadcom’s earnings earlier this week and ongoing concerns about spending among tech firms. The S&P 500 dropped 0.8%. The Dow fell 125 points, or 0.2%.