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Chip Stocks Drop, Dragging Down Nasdaq
The Wall Street Journal63d agobearish
Chip Stocks Drop, Dragging Down Nasdaq

Chip stocks pulled Nasdaq lower to start the week, as falling oil prices failed to give markets a broad reprieve. Nvidia shares are down about 5%, dragging its market value below that of Apple’s in intraday trading. Investors will watch for a fresh batch of U.S. tech earnings this week, including reports from Microsoft and Meta Platforms on Wednesday.

🔎 Under the Radar: Legend Stock Tumbles After CEO Departs
The Wall Street Journal63d agobearish
🔎 Under the Radar: Legend Stock Tumbles After CEO Departs

Shares of Legend Biotech fell 14% Monday after the company announced that CEO Ying Huang stepped down and left the board. Legend said in a regulatory filing that Huang’s resignation was not the result of a disagreement with the company, but didn’t say anything more about why he left. Huang said he was departing the company to work with a venture fund focusing on drug development.

Cipher Digital Stock Is Falling Today: What's Going On?
Benzinga63d agobearish
Cipher Digital Stock Is Falling Today: What's Going On?

Cipher Digital Inc (NASDAQ:CIFR) shares are sliding Monday despite a bullish initiation from Chardan Capital, as broader market weakness appears to be overwhelming the stock-specific positive catalyst. Cipher Digital stock is showing notable weakness. Why is CIFR stock dropping? Chardan Initiates With Buy Rating, $32 Target Chardan Capital’s Bill Papanastasiou stepped into the Cipher Digital story Monday with a fresh Buy rating and a $32 price objective, a level that puts significant potential a

Why Is ASML Stock Falling Today?
Stocktwits63d agobearish
Why Is ASML Stock Falling Today?

According to a report by The Information, a Chinese state-backed firm has started producing one of the semiconductor industry's most critical manufacturing tools and plans to deliver the systems to domestic chipmakers.