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MT Newswires20d agoneutral
Sector Update: Energy

Energy stocks gained Friday afternoon, with the NYSE Energy Sector Index rising 1.1% and the State S

DeepSeek Round 2? A New Chinese AI Model Deepens Chip Stock Selloff.
Barrons.com20d agobearish
DeepSeek Round 2? A New Chinese AI Model Deepens Chip Stock Selloff.

The Dow was down 0.3%, or 155 points. Moonshot AI launched Kimi K3, an open-source model that, which the company said outperforms some of the top U.S. models from Anthropic and OpenAI. "Kimi-k3 is this quarter’s DeepSeek moment," Futurum CEO Daniel Newman said.

How SpaceX Stock Became a Short-Seller Favorite
Barrons.com20d agobearish
How SpaceX Stock Became a Short-Seller Favorite

SpaceX investors can’t catch a break. Shares of Elon Musk’s rocket and AI company were down in premarket trading on Friday after the company scrubbed the thirteenth test of Starship. Musk said some of the engines didn’t start, triggering an automatic abort.

Stocks Slide as Selloff Extends Beyond Chips
Barrons.com20d agobearish
Stocks Slide as Selloff Extends Beyond Chips

The Nasdaq sunk 1.5%, while the S&P fell 1.2%. The Dow dropped 1%, or 547 points. "We end the week with risk-on morphing into risk-off as the selloff in global chipmakers intensifies and investor sentiment is hit by yet another day of attacks and counterattacks in the Middle East," Dave Rosenberg at Rosenberg Research said.

From Hype to Hesitation: The Unanswered Questions Driving the Stock Market Drop
Barrons.com20d agobearish
From Hype to Hesitation: The Unanswered Questions Driving the Stock Market Drop

The biggest problems aren’t caused by what you don’t know, but what, as Mark Twain put it, “you know for sure that just ain’t so.” It’s there in the major indexes, where S&P 500 futures were down 0.9% in early Friday trading, while Nasdaq Composite futures were off 1.9%, and nearing correction territory. Chip stocks were supposed toe be unstoppable, driven by shortages and insatiable demand for artificial intelligence.

Investing.com20d agobearish
Netflix, Intuitive Surgical tumble premarket

Investing.com - U.S. stock index futures fell sharply on Friday, pointing to a second straight day of losses on Wall Street as investors continued to reassess lofty technology valuations following a string of disappointing corporate updates tied to artificial intelligence spending.