Micron and Chip Stocks Fall as Tesla Cuts Spending Forecast
Micron and other chip stocks fell Thursday as Tesla cut its near-term spending target and Lam Research issued a weaker-than-expected forecast.
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Micron and other chip stocks fell Thursday as Tesla cut its near-term spending target and Lam Research issued a weaker-than-expected forecast.
Micron shares rallied before the opening bell as investors bought the dip. The headline also cites a Chinese memory-chip rival’s revenue forecast.
Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: (.) The benchmark S&P 500 and Nasdaq were set to end the week in the red, with technology stocks coming under more pressure on Friday over cracks in the AI trade and adding to losses..N At 13:31 EDT, th
Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: (Updates) The benchmark S&P 500 was muted on Friday as worries about cracks in the AI trade pressured semiconductor stocks, while gains in banks limited overall declines..N At 11:38 EDT, the Dow Jones I
The iShares 20+ Year Treasury Bond ETF rose 2.55% this week to $79.97 by Friday morning, putting it on pace for its best week since March 2025. The 10-year Treasury yield fell 14 basis points from the prior Friday to 5.10%.
Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: (Update) The S&P 500 recouped most of its early losses to trade near flat on Thursday as a selloff in AI stocks eased and investors rotated into defensive sectors as fresh data pointed to building US pr
ASML now expects chip-tool shortages through 2028 Customers discuss orders stretching into 2029 and 2030 Debate shifts to capacity, pricing and AI demand staying power By Toby Sterling and Nathan Vifflin AMSTERDAM, Oct 15 (Reuters) — In April, computer chip equipment maker ASML's CEO Christophe Fouquet told shareholder
Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: (.) The Nasdaq fell to near one-month lows on Thursday, weighed by a worsening selloff in AI-linked stocks on fears rising interest rates could impact artificial-intelligence investments, and fresh data
Six major memory and storage makers have lost about $1.09 trillion in combined market value since Oct. 2. SK Hynix fell 11.1% on Thursday, while Micron dropped 4.4% and SanDisk 6.6% in U.S. trading.
(Updates) Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: The S&P 500 and the Nasdaq were on track to extend losses on Thursday as fears of a potential hit to artificial-intelligence investments from higher interest rates deepened a rout in AI-linked
TSMC strikes cautious note for 2027 after sixth straight record quarterly profit CoreWeave drops 6.3% premarket after 15% slide on Wednesday Futures: Dow up 0.3%, S&P 500 down 0.3%, Nasdaq off 1.1% (Updates prices, adds context throughout) By Sruthi Shankar Oct 15 (Reuters) — Fears of a potential hit to artificial-inte
US stock indices closed lower on Wednesday amid hotter-than-expected inflation data and continued volatility in the AI infrastructure sector. The S&P 500 fell 1.1%, the Nasdaq slipped 2%, and the Dow shed 49 points. Chipmakers extended this week’s losses after ASML said it could not keep pace with demand for semiconduc
September CPI rose 3.7% year over year, above the 3.6% forecast and up from 3.4% in August. By midday, the Nasdaq 100 was down 1.0%, the S&P 500 fell 0.7%, and the 2-year Treasury yield had risen 14 basis points to 4.93%.
US stock futures were mostly higher on Wednesday, as the prospect of robust earnings offset persistent volatility in chipmaker stocks ahead of the key US inflation print and major earnings results. Contracts for the S&P 500 and Dow were slightly higher, while those for the Nasdaq 100 inched below the flatline. Morgan S
Beauty Health reported Q2 2026 revenue of approximately $72 million, at the lower end of guidance, and adjusted EBITDA of $17 million, above its guidance range. It lowered full-year revenue guidance to $280–$290 million and raised adjusted EBITDA guidance to $39–$46 million.
US stock indices closed lower on Tuesday as many semiconductor heavyweights extended their recent losses. The S&P 500 ended near the flatline, while the Dow shed 180 points and the Nasdaq fell 0.3%. China’s CXMT advanced a new memory architecture, threatening US and South Korean rivals. Broadcom CEO Hock Tan also warne
Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: (.) Oct 13 (Reuters) — The S&P 500 and the Nasdaq inched lower on Tuesday as chip stocks came under selling pressure while investors parsed a mixed bag of quarterly results, including those from big US
U.S. semiconductor shares fell as China’s CXMT announced progress on a more efficient memory-cell design, following a 5% drop in South Korea’s KOSPI. Applied Materials fell 6.5% and Micron dropped 4.9%; the S&P 500 was down 0.2% and the Nasdaq 100 fell 0.5% by midday.
Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: (.) Oct 13 (Reuters) — Wall Street's main indexes were muted in choppy trading on Tuesday as chip stocks came under selling pressure again while investors parsed a mixed bag of quarterly results, includ
US stock indices pulled back from session highs on Tuesday as Treasuries reversed gains and pressured AI infrastructure names alongside major earnings. Chipmakers extended declines on reports that China's CXMT advanced new memory architecture, threatening US and Korean rivals. Broadcom CEO Hock Tan also warned of exces
Futures: Dow up 0.84%, S&P down 0.06%, Nasdaq down 0.71% JPMorgan Chase, Wells Fargo slip despite higher Q3 profit Goldman Sachs climbs as dealmaking, trading revenue lift profit UnitedHealth gains after raising annual profit forecast (Updates before market open) By Tharuniyaa Lakshmi and Purvi Agarwal Oct 13 (Reuters)
US stock futures were mixed for a second session on Tuesday as markets assessed the outlook for AI infrastructure companies and the start of bank earnings. Contracts on the S&P 500 were flat, balancing the combination of a 0.6% gain for the Dow and a 0.6% drop for the Nasdaq 100. Chip producers extended yesterday's slu
Futures: Dow up 0.18%, S&P down 0.13%, Nasdaq down 0.59% JPMorgan Chase, Wells Fargo slip despite higher Q3 profit UnitedHealth gains after raising annual profit forecast (Updates after JPMorgan, Wells Fargo earnings) By Tharuniyaa Lakshmi and Purvi Agarwal Oct 13 (Reuters) — Futures linked to the S&P 500 and the Dow w
Workspace search string for individual stock moves: STXBZ The Day Ahead newsletter: The Morning News Call newsletter: Oct 13 (Reuters) — Futures tied to the S&P 500 were muted on Tuesday, with major US banks scheduled to report earnings while weakness in chip stocks weighed on Nasdaq futures..N * VF Corp: BUZZ- Piper S
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks made weekly gains despite a volatile finish, as record-high Treasury yields, rising oil prices, and fresh doubts about the artificial intelligence boom weighed on investor sentiment. The
The S&P 500 closed above 7,800 for the first time on Tuesday, then spent the rest of the week absorbing a 24-year high in Treasury yields and a report questioning the revenue behind the artificial intelligence buildout. Minutes of the Federal Reserve’s September meeting, released Wednesday, showed most officials expect
SkinHealth Systems said its board approved a 1-for-20 reverse stock split of its Class A common stock, effective Oct. 14. The move is intended to help the company regain compliance with Nasdaq's minimum bid price requirement.
Micron Technology Inc. (NASDAQ: MU ) stock fell about 2% Thursday as technology stocks declined amid broader market weakness. The Nasdaq dropped 0.68%, while the S&P 500 lost 0.37%. The technology sector also struggled, falling 0.8%. Micron’s decline came as investors reduced exposure to technology stocks and shifted t
D.A. Davidson raised its Micron Technology price target to $3,000 from $2,100 in a research note. The note linked the higher target to stronger long-term earnings expectations.
D.A. Davidson analyst Gil Luria lifted his Micron price target to $3,000 from $2,100. The note said the new target reflects a higher earnings multiple tied to Micron’s 2027 forecast.