Wall Street’s main indexes opened lower on Friday as investors continued to pull back from semiconductor stocks, extending a broader reassessment of the artificial intelligence-driven rally that had powered markets to record highs earlier this year. The Dow Jones Industrial Average fell about 486 points, or 0.9%, while the S&P 500 lost 1.1%. The Nasdaq
Gold prices remained below the $4,000-an-ounce mark on Friday, with the precious metal struggling to attract meaningful safe-haven demand despite persistent uncertainty in the US housing sector. Although construction activity rebounded sharply in June after a weak performance in May, the broader housing market continued to show signs of weakness that could weigh on economic
Bloom Energy stock is moving from bad to worse as it crashed to $206, its lowest level since April last year. BE has slumped by over 40% from its all-time high as concerns about its valuation and the data center industry remained. This retreat has seen its market capitalization fall from $98.7 billion to $58
Stellar (XLM) is trying to stabilize after a volatile week that saw the token come under pressure alongside the broader cryptocurrency market. XLM was trading at $0.1834, down 3% over the past 24 hours, while extending its weekly decline to 4.3%. Despite the recent weakness, traders are watching a developing golden cross and an upcoming
Apple (AAPL) reclaimed its position as the world’s most valuable publicly traded company on Friday after its market capitalization surpassed Nvidia’s. Apple shares climbed to an all-time high of $334.99, lifting the company’s market value to approximately $4.88 trillion. Nvidia shares fell more than 3% in early trading, reducing the AI chipmaker’s market capitalization to
Netflix NFLX shares tumbled on Friday after the streaming giant delivered mixed second-quarter results and announced plans to provide less frequent disclosure of viewer engagement data. This has increased concerns among investors who were already worried about slowing growth and rising competition. The stock fell 8% on Friday, extending its decline for 2026. Shares had
SpaceX (SPCX) stock is tumbling further this morning after the firm’s 13th Starship test flight was aborted right before liftoff as several engines failed to start properly. The development adds fuel to the bearish fire that has already assembled a $25 billion wall against billionaire Elon Musk’s space infrastructure and artificial intelligence (AI) behemoth. As
Memory chip and storage stocks fell sharply on Thursday as investors extended a broad semiconductor selloff following Taiwan Semiconductor Manufacturing Co.’s quarterly results, despite the world’s largest contract chipmaker posting record earnings. TSMC reported its fifth consecutive quarter of record profit, beating analyst expectations. However, investors focused instead on the company’s higher-than-expected capital spending plans,
AST SpaceMobile (ASTS) shares are taking a hit this morning due to a combination of a massive new debt raise and delays in their commercial satellite launch timeline. The sell-off crashed ASTS relative strength index (RSI) further into the early 30s – indicating the stock is now approaching “oversold” territory that often triggers a relief
Dell Technologies stock has moved sideways since May, when it peaked at a record high of $469.60. It retreated to $412 as investors remained jittery about the AI sector and its hefty valuation metrics. Still, despite the pullback, it remains 274% above its lowest point this year. Dell stock has benefited from the AI boom