Semiconductor shares climb back, though gains remain limited
Semiconductor shares recovered from a 6% morning slide to trade down roughly 1% as of midday Friday. SOXX stood at $525.43 after falling to $498.69 earlier in the session.
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%.
Micron Technology (NASDAQ:MU) shares drop; auto deals do not alter AI exposure (MarketWatch)
Micron shares dropped 5.65% on Thursday, with memory-chip makers leading a decline in semiconductor stocks. The Nasdaq Composite finished down 1.47%. A delayed quote at 5:48 a.m. showed Micron falling a further 2.72%.
Wall Street ends lower; chip decline highlights S&P 500 concentration risk
U.S. stocks finished down on Thursday, pressured by a 4.29% decline in semiconductor shares. The Nasdaq fell 1.47%, with chip stocks weighing on the index's performance.
US Stocks Open Mixed With Tech Under Pressure
S&P 500 dipped Thursday with tech weighing on the index. Ten of eleven sectors gained, but technology losses took the benchmark below flat.
Micron (NASDAQ: MU) slips as new auto contracts leave most DRAM business outside deals
Micron Technology, Inc. dropped 4.6% to $862.70 in premarket trade Thursday. This comes even after it announced fresh long-term auto supply deals. The Nasdaq session hadn’t started yet.
Micron (NASDAQ:MU) drops more than CXMT’s IPO valuation as China DRAM risk hits shares
Micron Technology, Inc. shed around $94 billion in market value by late Wednesday morning, more than the $85.6 billion valuation expected for ChangXin Memory Technologies’ Shanghai debut. The stock dropped 8.4% to $900.78 at 11:52 a.m. EDT as investors looked at whether a nearly doubled capital raising could bring new DRAM supply faster. DRAM is used in servers, PCs and phones. That’s a sharp move for a rival that hasn’t started trading yet.
Oil up 13% as AI stocks, Fed and CPI all in play
Brent crude jumped about 13% in two days, raising worries that higher oil prices could pinch AI-linked stocks just as rate hike odds are rising. S&P 500 futures added 0.1% before the start of Tuesday’s U.S. session. Traders now see a 43.3% chance of a 0.25-point Fed rate hike at the July 28-29 meeting, up from 34.2% Friday. “The prospect of tighter monetary policy into a potential energy shock is rarely supportive for risk assets,” said Chris Weston, head of research at Pepperstone.
AI stocks signal memory premium starting to fade
AI stocks ended Monday in the red, though losses varied across the sector. A group of three memory and storage plays tied to AI dropped 7.2%, nearly double the 3.7% loss for a set of four compute and foundry names. The split points to investors shortening their view on how long shortage-fueled gains can last, despite healthy order books and continued spend on infrastructure.
Micron’s $60 Billion Selloff Reveals the 2028 Margin Bet Behind Its ‘Cheap’ Stock
Micron Technology fell 5.3% to $927.10 at 1:51 p.m. EDT on Monday, after touching $902.64, a drop of 7.8%. The retreat erased about $59.8 billion from its equity value compared with Friday’s close as a semiconductor selloff that began in Asia reached U.S. trading.
Semiconductor Stocks Drop as Korea’s $576 Billion Plan Rattles AI Supply Outlook
U.S. chip stocks dropped hard Monday, with the Philadelphia semiconductor index sliding 3.6% in late-morning deals as Micron Technology, Sandisk, and SK Hynix paced the losses. Oil prices moved higher on renewed U.S.-Iran fighting, spurring a wider risk-off move. “The conflict is testing whether the stock market’s broad-based growth can hold,” said Alex Guiliano, chief investment officer at Resonate Wealth Partners.
US Stock Market Today: Nasdaq Futures Slide 1% as Oil Shock Opens a 0.9-Point Wall Street Split
U.S. stock futures pointed lower before Monday’s opening bell, but the damage was concentrated. Nasdaq-100 futures fell about 1%, S&P 500 contracts lost roughly 0.3%, and Dow futures were nearly flat as renewed U.S.-Iran fighting lifted crude prices and hit semiconductor shares.
Iran Oil Jolt Reveals 24% Spread on SK Hynix’s AI Bet
U.S.-Iran tensions pushed oil prices much higher on Monday and dragged Nasdaq futures down about 1%. But the bigger move came from SK Hynix after a price gap showed up. Its ADRs, which let U.S. investors trade foreign shares, were indicated 9.2% lower at $152.50. Even with that slide, the ADRs still traded about 24% above the Seoul shares, based on a simple calculation.
Micron Stock Barely Moved Last Week. Its 16% Swing Tells a Different Story
With U.S. markets shut for the weekend, Micron Technology, Inc. ended Friday at $979.30, just 0.4% above its previous weekly close. That calm finish hid a rough five sessions: the shares traded from $891.66 on Tuesday to $1,035.50 on Thursday, a low-to-high swing of 16.1%.
AI stocks clear $26.5 billion test, memory chip trade now in focus
AI names wrapped up a volatile week, with the standout move tied to a big share sale rather than any earnings news. SK Hynix pulled in $26.5 billion after demand topped supply by over seven times. Its American depositary receipts—U.S. certificates for overseas shares—ended Friday at $168.01, up 12.8% from the $149 offering price. Nasdaq Composite rose 1.7% this week while the S&P 500 added 1.2%.
S&P 500 moves up but split is driving Wall Street signals
U.S. stocks were up modestly around midday Friday, with a clear split showing by market cap. The S&P 500 was up 0.2%, the Dow rose 0.3%, but the Russell 2000 dropped over 0.7%. The Nasdaq Composite was little changed.
Dow Jones Live: Two Stocks Fuel 340-Point Swing
The Dow Jones Industrial Average shook off a 221-point slide early Friday, up 119 points by midday in a swing of about 340 points. Caterpillar and Nvidia together pushed the index by an estimated 106 points, close to 90% of the advance, with the Dow at 52,606.76, up 0.23%, based on data delayed at least 15 minutes.
Nasdaq futures dip as $26.5B SK Hynix listing puts Micron’s 21% premium in focus
Dow futures rose 0.24% ahead of Friday's open, but Nasdaq-100 futures dropped 0.35% for a 0.59-point difference as traders watched for SK hynix's $26.5 billion U.S. debut. S&P 500 futures traded flat.
Micron’s $48 Billion Surge Comes as SK Hynix Challenge Looms
Micron Technology slipped 1.7% to $974.57 in premarket trade at 8:04 a.m. EDT, paring some of Thursday’s 4.5% jump. The memory-chip maker announced plans to boost U.S. investment by over $50 billion. That surge on Thursday lifted Micron’s market cap by roughly $48.4 billion, almost the same as the planned spend.
Wall Street Pushes AI-Memory Trade as $26.5B Bet Reveals Weak Spot
Tech stocks in the U.S. were on track for a weaker start Friday, with SK hynix launching a $26.5 billion offering on Nasdaq. Investors are watching to see if AI demand can handle a deal this size without triggering selling in other positions. Nasdaq-100 futures dropped 0.6%. S&P 500 and Dow futures were steady.
TechStock² Updates
