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NASDAQ:CTRP 16 January 2026

Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

Hang Seng slips as tech drags again, while chip and AI names buck the trend in Hong Kong

The Hang Seng Index closed down 0.29% in Hong Kong on Friday, pressured by losses in shipping, casino, and healthcare stocks. Ctrip shares plunged 19% the previous day after news of a China antitrust probe, rattling investors. Semiconductor stocks rose, with Hua Hong Semiconductor up 7.39%. Mainland investors sold about HK$600 million in Hong Kong shares via Stock Connect.
16 January 2026
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Stock Market Today

  • Is It Too Late to Buy Micron Stock After Its Stellar Rally?
    May 19, 2026, 2:10 PM EDT. Micron Technology (MU) has surged nearly 7-fold in the past year, driven by soaring demand and prices for memory chips fueled by artificial intelligence growth. Quarterly revenue jumped from $4-8 billion pre-2025 to nearly $24 billion recently, with management forecasting $33.5 billion next quarter. The high prices reflect tight supply amid booming AI needs. Micron expects the high-bandwidth memory market to nearly triple by 2028, supporting sustained demand and expansion. Despite this, the chip market's cyclical nature keeps investor caution high. Trading at about 12 times forward earnings, Micron appears undervalued compared to other AI-related stocks. Buyers bullish on AI-driven memory demand may still find float in MU shares but must monitor potential market corrections if supply rises or demand cools.

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U.S. stocks fell Tuesday as the 10-year Treasury yield reached its highest point since January 2025, pressuring growth shares. Nvidia drew the most attention ahead of its earnings, with options markets pricing in a possible $355 billion swing in value. Dell highlighted new AI infrastructure partnerships, while ServiceNow received a fresh Buy rating from Bank of America.
Nvidia’s Earnings Could Make or Break the AI Stock Trade

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Nvidia rose 0.8% ahead of its earnings report, while CoreWeave dropped 3.7% after Google and Blackstone announced a $5 billion U.S. AI cloud venture using Google’s custom TPUs. The new venture will offer 500 megawatts of data-center capacity by 2027. AMD and Micron also gained, but Microsoft and Broadcom slipped. Investors are watching whether Nvidia can maintain dominance as competition in AI inference intensifies.
Uranium Energy Shares Fall Close to 10% as Nuclear-Fuel Plays Get Hit

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Uranium Energy Corp. shares dropped 9.6% to $11.93 in midday New York trading Tuesday, outpacing declines in other uranium stocks and the Global X Uranium ETF. UEC reported a $13.9 million net loss on $20.2 million in sales for its latest quarter, with 45,743 pounds of uranium concentrate produced at $44.14 per pound.
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