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Chip Weakness Takes Hold, Nasdaq Stumbles
Barrons.com72d agobearish
Chip Weakness Takes Hold, Nasdaq Stumbles

Chip stock weakness was taking its toll on Thursday, and tech stocks were losing steam. The Nasdaq was down 0.6%, while the S&P fell 0.1%. The Dow looked for direction near the flatline. Memory chip stocks, like Western Digital and Micron, were some of the worst performers premarket though the chip space struggled broadly.

Which Stocks Are Hurting the Most?
The Wall Street Journal72d agoneutral
Which Stocks Are Hurting the Most?

The Nasdaq composite is down more than 1% this morning. Here are the stocks on the index that are getting hit hard: 💾 Chips, memory makers: Sandisk, Micron, AMD, SK Hynix's ADRs, Intel, Western Digital, Seagate, Arm, Broadcom, Nvidia and Marvell are all deep in the red.

Nasdaq Futures Follow Tumble in South Korea's KOSPI Index
Barrons.com72d agobearish
Nasdaq Futures Follow Tumble in South Korea's KOSPI Index

The KOSPI Composite Index fell 6.4%, which signals it could be a rough day for tech stocks. Chip stocks specifically had a rough go of it, which makes sense given the semiconductor industry's ties to Asia. Nasdaq futures were down 1% ahead of Thursday's opening bell.

Baidu advances Hong Kong dual primary listing plans, shares climb (BIDU)
InvestorsHub72d agoneutral
Baidu advances Hong Kong dual primary listing plans, shares climb (BIDU)

Baidu (NASDAQ:BIDU) shares gained around 4% in premarket trading after the Chinese technology company announced plans to convert its Hong Kong listing into a dual primary listing, a move aimed at strengthening its presence in both Asian and US capital markets. Board approves listing conversionThe company’s board of directors has approved a proposal to voluntarily transition to a dual primary listing on the Main Board of the Hong Kong Stock Exchange.

Magnificent Seven Stocks Rise Even as Tech Flounders
Barrons.com72d agoneutral
Magnificent Seven Stocks Rise Even as Tech Flounders

Tech stocks looked set to struggle on Thursday as the artificial-intelligence trade ran out of steam, but some of the U.S.'s blue-chip names were still catching a bid ahead of the opening bell. Roundhill's Magnificent Seven exchange-traded fund, which tracks the price of seven mega-cap stocks, climbed 0.