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Market Strategist Says AI Selloff Is ‘Just Profit-Taking,’ Not a Broken Story
24/7 Wall St.101d agobearish
Market Strategist Says AI Selloff Is ‘Just Profit-Taking,’ Not a Broken Story

Janet Mui, Head of Market Analysis at RBC Brewin Dolphin, used a CNBC appearance on Tuesday, June 23, to push back against the idea that the recent pullback in AI and semiconductor stocks signals that something is broken in the sector. She believes the move looks like classic profit-taking after a vertical run, with the ... Market Strategist Says AI Selloff Is ‘Just Profit-Taking,’ Not a Broken Story

Pinterest (PINS) Is Growing Fast, But Insider Selling Clouds The Near Term
Simply Wall St.101d agobearish
Pinterest (PINS) Is Growing Fast, But Insider Selling Clouds The Near Term

Pinterest, NYSE:PINS, is reporting strong gains in monthly active users and revenue, supported by heavier spending on AI tools and new product features. The company is still working through profitability challenges as it funds these projects. Recent insider share sales are drawing attention, raising questions about how management views the near term. Pinterest sits at a crossroads, with the stock trading around $19.5 and the business showing solid momentum in user engagement and sales. The...

Cerebras quarterly revenue nearly doubles in first report post-IPO
Reuters101d agobearish
Cerebras quarterly revenue nearly doubles in first report post-IPO

Cerebras Systems's first-quarter revenue nearly doubled, its ‌first financial update since going ‌public showed on Tuesday, as it benefited ​from robust enterprise demand for its specialized AI chips. Cerebras is poised to benefit from rising demand ‌for high-speed ⁠processing to train AI models and particularly for AI ⁠inference, or the process of running the models in real time. The ​chip designer ​is focused ​on inference, the ‌process by which AI systems respond to user queries, and has tied much of its growth to OpenAI, including a $20 billion multi-year ‌deal under which ​the ChatGPT creator ​will deploy ​750 megawatts of Cerebras ‌chips.

Plunge in Chipmakers Drags Stock Indexes Sharply Lower
Barchart101d agobearish
Plunge in Chipmakers Drags Stock Indexes Sharply Lower

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -1.44%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -3.29%. September E-mini S&P futures (ESU26 ) fell -1.41%, and September E-mini Nasdaq futures...

FedEx shares drop on weak profit forecast as Q4 results top estimates
Proactive101d agobearish
FedEx shares drop on weak profit forecast as Q4 results top estimates

FedEx Corp (NYSE:FDX, XETRA:FDX) shares fell nearly 5% in after-hours trading on Tuesday after the package delivery company issued fiscal 2027 earnings guidance that came in below Wall Street expectations, overshadowing stronger-than-expected fourth quarter results. FedEx projected fiscal...

FedEx tops Q4 earnings estimates, stock drops
Yahoo Finance Video101d agobearishVIDEO
FedEx tops Q4 earnings estimates, stock drops

International courier service FedEx (FDX) topped fiscal fourth quarter estimates on adjusted earnings ($6.31 per share vs. expectations of $5.97). The stock is dropping in Tuesday's after-hours trading. Market Domination Overtime Anchor Josh Lipton takes a closer look at FedEx's earnings release.

PHLX Semiconductor Index Hit Hard in Selloff
The Wall Street Journal101d agobearish
PHLX Semiconductor Index Hit Hard in Selloff

One of the market's bright spots in 2026 sold off sharply in Tuesday's decline. The PHLX Semiconductor Index, packed with high-flying names like Nvidia, Intel and Micron, was down today by about 7.

Bitmine Immersion Technologies (BMNR) Stock Gets A Russell 1000 Angle And An Ethereum Backer Role
Simply Wall St.101d agobearish
Bitmine Immersion Technologies (BMNR) Stock Gets A Russell 1000 Angle And An Ethereum Backer Role

Bitmine Immersion Technologies (NYSE:BMNR) has become eligible for potential inclusion in the Russell 1000 index, putting the stock on the radar of large passive index trackers. The company has also helped launch Ethlabs, a new Ethereum research nonprofit backed by Bitmine, Joe Lubin, and SharpLink, aimed at accelerating institutional adoption of Ethereum. Bitmine Immersion Technologies sits at the intersection of crypto infrastructure and traditional capital markets. NYSE:BMNR last closed...

Tesla stock tumbles amid new probe over fatal crash into Texas home
TheStreet101d agobearish
Tesla stock tumbles amid new probe over fatal crash into Texas home

Automotive execs tout automated driver assistance systems like Ford BlueCruise, General Motors Super Cruise, and Tesla Full Self-Driving (Supervised) as the ultimate key to unlocking safer roads. There were more than 40,000 motor vehicle-related deaths in 2023, according to the Insurance Institute ...