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Chip sell-off rattles markets
Yahoo Finance Video79d agobearishVIDEO
Chip sell-off rattles markets

Yahoo Finance Senior Reporter Ines Ferre joins Market Domination Overtime to break down the chip stock sell-off that sent shockwaves through the market on Friday, June 5.

Nasdaq plunges 1,100 points over renewed rate hike concerns
Yahoo Finance Video79d agobearishVIDEO
Nasdaq plunges 1,100 points over renewed rate hike concerns

US stocks (^DJI, ^IXIC, ^GSPC) sink in Friday trading, the Nasdaq Composite leading losses and closing over 1,100 points lower (4.18%). The market is reacting to May's overwhelmingly positive labor data — 172,000 jobs added the US economy vs. estimates of 88,000 — raising investor concerns that the Federal Reserve may be inclined to hike interest rates. Yahoo Finance Markets and Data Editor Jared Blikre breaks down the day's biggest market moves.

XRP Price Prediction: Will XRP Drop Below $1?
24/7 Wall St.79d agobearish
XRP Price Prediction: Will XRP Drop Below $1?

XRP (CRYPTO: XRP) was holding $1.28—the level buyers had defended on every dip since February—barely a week ago. But it’s now at $1.09 and falling steeply, with $1.11 already broken and the $1 floor only 9 cents below. What is interesting though is that XRP whales have spent 2026 accumulating, not selling. The number of ... XRP Price Prediction: Will XRP Drop Below $1?

Prediction: Poet’s 220% Surge Sets Up a Potential Correction
24/7 Wall St.79d agobullish
Prediction: Poet’s 220% Surge Sets Up a Potential Correction

POET Technologies (NASDAQ:POET) trades at $13.89 as of June 2, 2026. Our 24/7 Wall St. price target for POET is $10.41 over the next 12 months, implying 25% downside from current levels. Our recommendation is sell with moderate confidence of 50%, reflecting mixed signals between bullish analyst sentiment and a stretched price after a sharp ... Prediction: Poet’s 220% Surge Sets Up a Potential Correction

Chip selloff erases over $1 trillion in stock market value
Reuters79d agobearish
Chip selloff erases over $1 trillion in stock market value

U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in ‌AI heavy hitters including Nvidia, Micron Technology and Advanced ‌Micro Devices, as Broadcom's weak report earlier this week reverberated across Wall Street. The PHLX ​chip index slumped almost 8.5% in afternoon trading, putting it on track for its deepest one-day loss since Wall Street's "Liberation Day" tariff selloff in April 2025. Friday's selloff added to losses on Thursday after Broadcom gave a ‌quarterly report that showed ⁠demand for its custom AI chips business falling short of lofty expectations.

AI Layoffs Already Have Surpassed Last Year’s Total. Tech Workers Are Being Cut First.
24/7 Wall St.79d agobearish
AI Layoffs Already Have Surpassed Last Year’s Total. Tech Workers Are Being Cut First.

The artificial intelligence boom that’s pushing market caps to records is reshaping employment. Challenger, Gray & Christmas data highlighted on CNBC’s Closing Bell Overtime on June 4 indicates that more than 87,000 layoffs this year have been tied to AI, already eclipsing all of 2025’s full-year total just five months in. Chip leader NVIDIA (NASDAQ:NVDA) ... AI Layoffs Already Have Surpassed Last Year’s Total. Tech Workers Are Being Cut First.

Apple Stock Nears All-Time High: Where Will It End The Year?
24/7 Wall St.79d agobullish
Apple Stock Nears All-Time High: Where Will It End The Year?

Apple (NASDAQ:AAPL) just hit a fresh all-time high, and the question on every shareholder’s mind is whether the run has legs into year-end. Our model says yes, with some moderation. The stock closed at $315.20 on June 2, 2026, up 2.9% on the day and 16.16% year to date. Our 24/7 Wall St. price target ... Apple Stock Nears All-Time High: Where Will It End The Year?

After Months of Watching AI Innovation ETFs Run These 3 Active Funds Stand Out and the Revolution Has Barely Started
24/7 Wall St.79d agoneutral
After Months of Watching AI Innovation ETFs Run These 3 Active Funds Stand Out and the Revolution Has Barely Started

Goldman Sachs models $765 billion in annual AI capital spending for 2026, climbing toward $1.6 trillion by 2031. That kind of multi-year buildout is the backdrop for three actively managed (or active-leaning) AI funds that have separated themselves from the passive crowd: the iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI), the iShares Future AI ... After Months of Watching AI Innovation ETFs Run These 3 Active Funds Stand Out and the Revolution Has Barely Started

SpaceX signs cloud deal with Google
Reuters79d agoneutral
SpaceX signs cloud deal with Google

SpaceX said on Friday ‌it has entered ‌into a multi-year cloud service ​agreement with Alphabet's Google for access to compute capacity. As part ‌of ⁠the deal, Google will pay SpaceX $920 ⁠million per month from October this ​year to ​June ​2029, with capacity ‌ramping up through September at a reduced fee, Elon Musk's space venture said in ‌a U.S. ​SEC filing. The ​compute ​capacity provided ‌includes about 110,000 Nvidia ​GPUS, ​CPUS, memory and other related components.

Goldman’s Future Tech ETF Turned $10k Into $15.2k While the S&P 500 Made $1.1k
24/7 Wall St.79d agoneutral
Goldman’s Future Tech ETF Turned $10k Into $15.2k While the S&P 500 Made $1.1k

A $10,000 stake in Goldman Sachs Future Tech Leaders Equity ETF (NASDAQ:GTEK) on the last trading day of 2025 was worth about $15,200 at Monday’s close, with the fund up 52% year to date through June 1, 2026. The same $10,000 dropped into the S&P 500 via the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) over ... Goldman’s Future Tech ETF Turned $10k Into $15.2k While the S&P 500 Made $1.1k

Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.
24/7 Wall St.79d agoneutral
Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.

On Bloomberg Tech, live from San Francisco today, a venture capital investor laid out a striking thesis about what’s actually happening inside the cryptocurrency markets. Retail investors now make up 70% of crypto markets, down from 90%, while institutional participation has climbed from 10% of the digital asset economy to between 20-30%. The shift is ... Bad News for XRP and Bitcoin Investors. Retail Investors are Fleeing Crypto.

The Tech Stock Everyone Wrote Off Just Quietly Built a $553 Billion Backlog
24/7 Wall St.79d agoneutral
The Tech Stock Everyone Wrote Off Just Quietly Built a $553 Billion Backlog

Ten years ago, Oracle (NYSE: ORCL) was the database company everyone respected but few investors loved. It had missed the first wave of cloud, ceded ground to Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOGL), and seemed destined to be a slow-growth dividend payer. A decade later, it is one of the most aggressive AI infrastructure ... The Tech Stock Everyone Wrote Off Just Quietly Built a $553 Billion Backlog