A bruising week for technology stocks has raised fresh questions about whether the artificial intelligence-fuelled market rally is becoming too volatile for comfort. A selloff that began on Monday gathered momentum throughout the week, rippling through markets from Seoul to Silicon Valley. Investors grew uneasy about the sheer scale of spending on AI infrastructure, the
ON Semiconductor shares plunged about 21% on Friday after the chipmaker announced a $7 billion acquisition of Synaptics, a deal aimed at strengthening its position in the emerging market for physical artificial intelligence. The sharp decline suggests investors remain cautious about the benefits and integration risks of the transaction despite management and several analysts describing
Figma’s stock price has imploded since its initial public offering (IPO) last year as the exuberance that fueled its private-market valuation collided with the realities of life as a publicly traded company. FIG dropped to $16 on Thursday, down sharply from the all-time high of $142. Private valuation and public reality Figma is one of
US consumer sentiment improved in June from near-record lows as declining gasoline prices and easing geopolitical tensions provided some relief to households still grappling with elevated living costs. The University of Michigan’s consumer sentiment index rose to 49.5 in June from 44.8 in May, exceeding economists’ expectations of a reading of 49, according to a
Nvidia stock (NVDA) fell again on Friday as a broader technology-sector selloff continued to pressure artificial intelligence stocks, leaving the chipmaker on track for its worst weekly performance in more than a year. The stock declined about 1.5% to $192.35 in early trading. If losses hold through the close, Nvidia would finish the week down
Micron Technology (MU) briefly moved ahead of Meta Platforms (META) and Tesla (TSLA) in market capitalization on Thursday, after a strong outlook from the memory chipmaker extended its rally driven by artificial intelligence demand. Micron’s shares had surged 18.4% at $1,236, giving the company a market value of $1.398 trillion. This compared with Meta’s $1.392
World Liberty Financial (WLFI) has continued to hold its ground despite facing heightened political scrutiny in the United States, with fresh data showing that its ecosystem is expanding at a rapid pace. Notably, the World Liberty Financial’s USD1 stablecoin has now entered the top five fiat-backed stablecoins by circulating supply, highlighting continued adoption even as
Apple shares fell nearly 5% on Wednesday after the company raised prices of several Mac and iPad models, becoming one of the latest consumer technology companies to pass on soaring memory and storage costs driven by the artificial intelligence boom. The AAPL stock was down about 4.89% at the time of writing. The price increases
Shares of BlackBerry (BB) traded higher on Thursday morning after the company reported stronger-than-expected first-quarter results and raised its financial outlook for fiscal 2027. At the time of writing, BB stock was up more than 22% on the NYSE following the earnings release. The company said it achieved operating cash flow of $4.6 million in
Nvidia (NVDA) stock fell on Thursday, giving up premarket gains as investors weighed growing competition in the artificial intelligence chip market despite another wave of enthusiasm across the broader AI sector. The stock was down 1.3% at $196.76 in early trading after closing 0.5% lower in the previous session. The decline came even as memory-chip