Software and Chip Stocks Fall in Broad Tech Selloff
Software and semiconductor stocks fell Friday as AI and interest-rate fears weighed on technology shares. Salesforce closed down 2%.
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CANADA STOCKS — TSX rises as lower bond yields offset tech, energy weakness
By Utkarsh Hathi Oct 15 (Reuters) — Canada's main stock index rose on Thursday, as lower bond yields boosted risk appetite, offsetting weakness in energy shares caused by falling oil prices and a global selloff in AI-related technology stocks. The S&P/TSX Composite Index was up 0.52% at 35,770 points by 10:41 a.m. ET,
European chip stocks fall on AI exposure selloff
European semiconductor shares fell as investors sold tech stocks with artificial-intelligence exposure. E-mini Nasdaq 100 futures also pointed lower, indicating weaker U.S. tech sentiment.
Bitcoin, ether fall as Treasury yields rise
Bitcoin fell 3% to $83,098 and ethereum lost 5% to $2,564 as traders pointed to record-high Treasury yields and a stronger U.S. dollar. XRP and solana also declined in a broader crypto selloff.
Micron Technology Stock Is Falling Thursday: What's Going On?
Micron Technology Inc. (NASDAQ: MU ) shares fell nearly 4% in Thursday’s premarket session as semiconductor stocks came under pressure amid weaker Nasdaq futures. Nasdaq futures were down 0.45%, while S&P 500 futures edged up 0.15%. The weakness came after earnings from Western Digital Corp. (NASDAQ: WDC ) and Sandisk
Software's AI Death Knell Is a Hallucination, Guggenheim Says
The stock market keeps setting new records, yet the software segment trades as if it is headed for extinction. Guggenheim Securities calls that divergence the buying opportunity of a career and the fear driving it a hallucination. Software — as tracked by the iShares Expanded Tech-Software Sector ETF (NASDAQ: IGV ) — i