The Nasdaq Composite had its worst day in more than a year after early AI stock selling snowballed in the face of higher bond yields and spending worries. The tech-heavy index sank 4.2%, its worst daily decline since April 10, 2025, according to Dow Jones Market Data. The selling began before the market opened, as Wall Street continued to shed highflying AI stocks after Broadcom's earnings report earlier in the week failed to excite investors after a parabolic run in the past year.
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U.S.-traded chipmakers plunged on Friday, losing over $1 trillion in market value, with deep losses in AI heavy hitters including Nvidia, Micron Technology and Advanced Micro Devices, as Broadcom's weak report earlier this week reverberated across Wall Street. The PHLX chip index slumped almost 8.5% in afternoon trading, putting it on track for its deepest one-day loss since Wall Street's "Liberation Day" tariff selloff in April 2025. Friday's selloff added to losses on Thursday after Broadcom gave a quarterly report that showed demand for its custom AI chips business falling short of lofty expectations.
Friday’s carnage in tech stocks shows just how fragile this year’s rally has become. Then came an unexpectedly good jobs report for May. A healthier labor market could lead the Federal Reserve to keep interest rates elevated to combat inflation. Indeed, investors on Friday were pricing in an around 50% chance that the Fed could hike in October, up from a less than 20% chance a month ago.
TSM is outperforming peers as rising AI demand, a higher 2026 outlook and capacity expansion support growth despite a broader chip-sector pullback.
Goldman Sachs models $765 billion in annual AI capital spending for 2026, climbing toward $1.6 trillion by 2031. That kind of multi-year buildout is the backdrop for three actively managed (or active-leaning) AI funds that have separated themselves from the passive crowd: the iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI), the iShares Future AI ... After Months of Watching AI Innovation ETFs Run These 3 Active Funds Stand Out and the Revolution Has Barely Started
Investing.com -- Wall Street is set to cap off this week with a decline, as rate-sensitive technology stocks and chip names fall. We have also seen rising U.S. Treasury yields after a significantly stronger-than-expected May jobs report.
Bitcoin is trading at its lowest level since October 2024. That’s bad news for crypto bulls and ETFs,
Nvidia stock is up just 15% as the chip rally soars without it, and Chaikin Money Flow shows institutions quietly selling the shares.
Super Micro Slides as Rising Yields Shake High-Growth Tech Stocks
Technology stocks tumbled sharply Friday as the Nasdaq headed for its worst week in a year. Nasdaq Inc. shed nearly 2% in afternoon trades, as Nvidia, Micron and Sandisk fell. Tech behemoths like Amazon and Google edged lower.
The selling in computer-chip and hardware manufacturers is getting ugly this afternoon after Broadcom's forecast disappointed late Wednesday. Higher bond yields, which decrease the value Wall Street assigns to companies projecting high profits far into the future, aren't helping either.
The long-awaited SpaceX IPO next week positions the company at roughly $2 trillion in market value. On CNBC’s Morning Call Sheet on Friday, June 5, Adam Kobeissi, Editor in Chief of The Kobeissi Letter, strategist Matt Powers, and Senior Economist Jose Torres argued the deeper story is a rotation out of AI semiconductor leaders into ... SpaceX IPO Hype Is Hiding a Deeper Story. Investors Are Rotating Back Into Blue Chip Stocks.
One fearless (or foolish?) analyst just called Oracle stock a buy in the middle of its meltdown.
Here are three companies with deep AI runways and the cash flow to keep investing through whatever the next decade brings.
Nvidia Selloff Deepens As Broadcom Outlook And Jobs Data Shake Investors
Nasdaq Tumbles as Rising Yields Trigger Brutal Tech Selloff
If you put $10,000 into Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ) on the last trading day of 2025, you are sitting on about $19,400 this morning. The same $10,000 in the S&P 500 (via SPY) is worth roughly $11,140. SOXQ is up 94% year to date through June 2, 2026, against 11% for SPY. The headline ... The Chip ETF That Turned a $10k Bet Into Nearly $20k This Year
Alphabet Reshuffles Workforce as AI Investments Take Center Stage
Arm Holdings executives unloaded millions worth of stock before an announcement from Nvidia drove shares to a record high.
Quantinuum was supposed to be the quantum sector’s most anticipated public listing of the year. While Quantinuum posted a wider net loss and lower revenue for the first quarter, the phenomenon of growing losses and “lumpy” revenue—large infusions of income at inconsistent times—is observed by most players in the industry at some point in their life span.
VTV hits a 52-week high as investors rotate into defensive sectors, as investors look for opportunities outside the AI-driven rally.
Broadcom (AVGO) shares fell 12.6% on June 4 after the chipmaker delivered quarterly results that largely matched Wall Street expectations but failed to provide the AI revenue boost some investors were hoping for. The company reported fiscal second-quarter adjusted earnings of $2.44 a share on ...
If a megacap falls in a forest of upticks, does it make a sound? For one aggressive growth investor, that sound is opportunity.