AI Shares Drop as Energy Stocks Outperform Amid Oil Surge
Early Friday, a provisional group of four AI suppliers lagged behind three leading U.S. oil majors by 6.3 percentage points. The Nasdaq began the session down 1.8%.
US Stock Futures Drop Further as Chip Selloff Widens $10 Billion Growth-Value Gap
U.S. stocks fell sharply at the open on Friday, with the chip sell-off extending to megacap growth shares. As of the most recent 9:33 a.m. quote, SPDR S&P 500 ETF Trust was at $741.77, off 1.19%. The iShares Semiconductor ETF was at $508.13, a decline of 4.22%.
Dow Jones Edges Up — 24% Jump Flags Caution for Bulls
The Dow Jones Industrial Average finished up 139.05 points, or 0.27%, at 52,487.44 as the main NYSE session ended at 4 p.m. ET. The blue-chip index lagged, with the S&P 500 up 0.81% and the Nasdaq Composite gaining 1.30%.
Nasdaq rises, but gains come from unexpected names
U.S. stocks gained late Thursday morning, with the Nasdaq ahead of the Dow. Buyers picked up chip-equipment and memory stocks, while top AI names traded weaker. Invesco QQQ Trust climbed 1.5%. SPDR S&P 500 ETF Trust was up 0.6%, and SPDR Dow Jones Industrial Average ETF Trust rose 0.4%. NVIDIA dropped 1.0% and Microsoft lost 0.8%.
Axcelis (ACLS) drops $1 billion in market value, topping recent sales
Axcelis Technologies, Inc. took a hit Thursday, dropping 18.4% to $145.50 and erasing about $1.0 billion in market cap—more than its $845.4 million in revenue from the past year. Shares fell $32.83 with 30.73 million outstanding, according to StockAnalysis.
Dow hits 52,000 in premarket as U.S. stock futures trade higher
U.S. stock futures ticked higher early Tuesday, but traders didn’t keep up Monday’s big technology rally. The key move was the gap between cash trading and futures: the Nasdaq Composite jumped over 500 points Monday, but as of 5:24 a.m. EDT, Nasdaq 100 futures added just 14.25 points. Exchanges in the U.S. were on track for a regular session. According to the NYSE’s 2026 holiday schedule, the next market closure is July 3 for Independence Day.
Applied Materials shares surge $54 billion, buyback effect now smaller
Applied Materials heads into Tuesday with a buyback issue of its own making. After shares jumped 10.82% Monday, each dollar left in its repurchase plan now has less impact on earnings per share.
Applied Materials stock jumps as AMAT rally outruns Wall Street’s average target
Applied Materials, Inc. surged on Monday, adding about $58 billion in market value from Friday’s implied level, as the chip-tool maker’s stock moved closer to the Street’s most bullish targets than to its average target.
Dow Jones today (INDEXDJX:.DJI): blue chips slip below 52,000 on late slide
Dow Jones Industrial Average picked up 71.72 points, or 0.14%, on Thursday, finishing at 51,920.62. That was well off its best level of the day, after hitting a 52-week high of 52,655.66. The S&P 500 edged down 0.70 point, less than 0.01%, to 7,357.52. Nasdaq Composite dropped 118.03 points, or 0.46%, ending at 25,358.60.
US stocks mixed, Micron AI memory rally can’t lift Nasdaq
Nasdaq slips as AI trade splits chip makers and buyers; SanDisk jumps 22% The Nasdaq Composite ended Thursday down 0.46%, giving up 118.03 points to finish at 25,358.60. The Dow Jones Industrial Average managed a 71.72-point gain, or 0.14%, to close at 51,920.62, while the S&P 500 was flat, down just 0.73 point at 7,357.49. Memory-chip stocks ran higher, but the broader tech index still fell as some companies raised prices for hard-to-find AI parts and others paid up. SanDisk Corp soared 22.0%, Micron Technology Inc climbed 15.7%, and Applied Materials Inc rose 13.4%. Apple Inc lost 6.1%, and Dell Technologies Inc dropped 5.8%.
Applied Materials (NASDAQ:AMAT) gains $50 billion as AI memory trade pushes past Street forecasts
Applied Materials, Inc. surged Thursday, with a sharp move that stood out for its scale. Shares traded at $652.07, up $63.10, or 10.7%, as of 1:52 p.m. EDT. The jump boosted the company’s equity value by around $50.4 billion, based on the latest market cap and share count.
Citi raises price target for Applied Materials on AI chip gear demand; stock rises
Applied Materials stock jumped Wednesday, with the chip-equipment maker rising after Citi lifted its price target. Investors also bought into firms linked to AI chip spending. Shares recently traded 6.7% higher at $606.53. The iShares Semiconductor ETF was up 3.3%.
Nvidia, Broadcom, Applied Materials, Intel, Oracle lead AI infrastructure stocks
AI infrastructure spending sets new theme for growth buy lists Growth investors are shifting to names that stand to profit as AI moves from buzz to hardware. Reuters, citing data published Wednesday, reports the AI rally has sent equities to highs, and Morgan Stanley now sees $3 trillion in big tech spending on global data centers from 2025 to 2028, with $800 billion for hyperscaler capex just in 2026. Latest large-cap names in focus: Nvidia, Broadcom, Applied Materials, Intel, Oracle.
Applied Materials Stock Rises on AI Chip Demand, Wall Street Lifts Targets
Applied Materials Inc. shares jumped Thursday, with investors buying up semiconductor-equipment stocks linked to the AI infrastructure push. AMAT was at $544.50 at 14:49 EDT, up $47.49 on the day. The stock traded between $511.04 and $545.70 and market cap stood at roughly $435.1 billion.
Applied Materials sets new 52-week high as AI chip equipment names rally
Applied Materials surged almost 7% on Tuesday, hitting a fresh 52-week high as buyers pushed into semiconductor equipment names tied to the AI buildout. Shares finished at $490.05, up 6.96%. Intraday, the stock reached $491.51.
Applied Materials shares post strong week, with fresh test ahead for AMAT
Applied Materials finished the holiday-shortened week just under record highs, keeping nearly all of Tuesday’s big move as traders left for the weekend with U.S. markets shut. The chip equipment maker ended Friday at $450.06, up 0.08% for the session and 4.1% higher than its May 22 close. Shares hit $462.40 on Wednesday, the top print in the latest month’s price data.
Broadcom puts $125 million into UCLA AI chip center
Broadcom, Meta Platforms, Applied Materials, GlobalFoundries and Synopsys are putting $125 million into a new semiconductor center at UCLA, the university's engineering school said. The group is aiming to give a boost to custom AI chip efforts. The news came from the UCLA Samueli School of Engineering.
US Stock Market Today: Nasdaq Futures Slide as Oil Shock and Treasury Yields Hit Wall Street
U.S. stock futures tumbled ahead of Friday’s opening bell. Nasdaq 100 and S&P 500 contracts both slid over 1%, as rising Treasury yields and stronger oil prices threatened Wall Street’s run of records. By 5:38 a.m. ET, Dow E-minis were off 330 points, or 0.66%. S&P 500 E-minis shed 1.07%, with Nasdaq 100 E-minis down 1.56%. In premarket moves, Applied Materials fell, airlines were weaker, but Dexcom traded higher.
Applied Materials Stock Rises as AI Boom Powers Record Revenue and Strong Outlook
Applied Materials shares climbed after the chip equipment maker projected fiscal third-quarter revenue and profit ahead of analyst targets—an indication that AI-driven demand from data centers continues to impact suppliers of advanced semiconductor tools. The Santa Clara firm late Thursday put its revenue estimate at roughly $8.95 billion, give or take $500 million, with adjusted earnings around $3.36 per share, plus or minus 20 cents.
Applied Materials Earnings Today: AMAT Stock Faces a 7% Swing as AI Boom Meets China Risk
Applied Materials is set to deliver its fiscal second-quarter results after Thursday’s closing bell, a moment that stands to challenge the chip-equipment stock’s outperformance this year. The company, headquartered in Santa Clara, will hold its earnings call at 4:30 p.m. ET—1:30 p.m. PT.