Today: 29 April 2026
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NASDAQ:ATE 5 November 2025

AI Chip Boom, Google’s New Tricks, and Hollywood’s Robot Wars – Today’s AI News Roundup

$500 Billion Vanishes From Chip Stocks: Is the AI Boom Finally Hitting a Wall?

A global semiconductor selloff erased about $500 billion in market value as AI valuation fears spread from Wall Street to Asia and Europe. South Korea’s Kospi dropped as much as 6.2% intraday, while U.S. chip stocks and ETFs fell sharply after the Nasdaq slid 2% on Nov 4. Beijing ordered state-backed data centers to use only domestic AI chips, hitting Nvidia, AMD, and Intel. China will suspend some U.S. tariffs but keep a 13% levy on soybeans.

Stock Market Today

  • Allegion (ALLE) Stock Drops 7.1% After Q1 Earnings Miss
    April 29, 2026, 3:33 AM EDT. Shares of Allegion (NYSE:ALLE), a security hardware provider, fell 7.1% after reporting first-quarter 2026 adjusted earnings per share of $1.80, missing Wall Street's estimate of $1.90. Despite 9.7% year-over-year revenue growth to $1.03 billion that slightly beat expectations, organic revenue-excluding acquisitions and currency effects-increased only 2.6%, signaling softer core demand. Operating margin declined to 18.9% from 20.9% a year ago. The stock's 7.1% drop marks one of its few significant moves over the past year, reflecting investor concerns but not necessarily altering the long-term business outlook. Allegion also revised its 2026 earnings guidance downward, projecting adjusted EPS between $8.70 and $8.90 versus analysts' higher forecasts. The stock trades 24% below its 52-week high amid a 15% year-to-date decline.

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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 29.04.2026

29 April 2026
LIVEMarkets rolling coverageStarted: April 29, 2026, 12:00 AM EDTUpdated: April 29, 2026, 3:38 AM EDT Allegion (ALLE) Stock Drops 7.1% After Q1 Earnings Miss April 29, 2026, 3:33 AM EDT. Shares of Allegion (NYSE:ALLE), a security hardware provider, fell 7.1% after reporting first-quarter 2026 adjusted earnings per share of $1.80, missing Wall Street's estimate of $1.90. Despite 9.7% year-over-year revenue growth to $1.03 billion that slightly beat expectations, organic revenue-excluding acquisitions and currency effects-increased only 2.6%, signaling softer core demand. Operating margin declined to 18.9% from 20.9% a year ago. The stock's 7.1% drop marks one of its few significant
AST SpaceMobile Stock’s May 11 Moment: FCC Win Meets BlueBird 7 Reality

AST SpaceMobile Stock’s May 11 Moment: FCC Win Meets BlueBird 7 Reality

29 April 2026
AST SpaceMobile will hold its first-quarter update call on May 11 after winning FCC approval to deploy a 248-satellite constellation for direct-to-device service. Shares fell 6.8% Tuesday, following the loss of its BlueBird 7 satellite in a failed launch. The company expects insurance to cover the loss and is targeting 45 satellites in orbit by end-2026. Investors are watching launch progress and commercial service timing.
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