Category: Top Story
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Chip Selloff Snaps Winning Streak as Samsung Miss Sends Nasdaq Sliding
Wall Street’s rally cooled off on Tuesday as a fresh wave of selling hit semiconductor stocks, ending the Dow’s run of record closes. A disappointing reaction to Samsung Electronics’ earnings overnight reignited worries that chip and AI-infrastructure valuations have gotten ahead of themselves, dragging the tech-heavy Nasdaq Composite to its worst day in weeks. Rising…
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Wall Street set for softer open as technology stocks retreat: Dow Jones, S&P, Nasdaq, Futures
U.S. stock index futures pointed to a weaker start on Tuesday, with markets expected to surrender part of Monday’s gains as renewed selling pressure emerged across the technology sector. Samsung sell-off dents AI sentiment Technology shares looked set to lead the decline after South Korean memory chip giant Samsung Electronics suffered a near 7% drop…
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Nvidia shares edge lower after report says DeepSeek is developing an in-house AI chip (NVDA)
Report points to DeepSeek’s custom chip ambitions Nvidia (NASDAQ:NVDA) shares fell 1.6% in premarket trading on Tuesday after a Reuters report said Chinese artificial intelligence startup DeepSeek is designing its own semiconductor for AI computing, a move that could reduce its reliance on hardware supplied by Nvidia and Huawei. According to sources familiar with the…
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RBC raises Tesla price target on potential SpaceX deal speculation (TSLA)
RBC increases target to $500 RBC Capital has raised its price target for Tesla (NASDAQ:TSLA) to $500 from $475, reflecting both a revised standalone valuation and an additional premium linked to a potential merger with SpaceX (NASDAQ:SPCX). Analyst Tom Narayan said the updated target incorporates “a 25-30% premium to current trading levels (and a 15%…
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Visa shares slip as banks reportedly consider acquiring Fiserv debit network (V)
Payment stocks decline following reports of bank discussions Visa (NYSE:V) shares fell 2.3% in premarket trading on Tuesday, while Mastercard (NYSE:MA) declined 1.8% after reports that several major US banks have explored acquiring a debit payments network owned by Fiserv (NYSE:FI). According to The Wall Street Journal, ownership of the network could allow banks to…
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Amazon launches multi-tranche bond offering targeting at least US$25 billion (AMZN)
Company taps debt markets with eight-part bond sale Amazon.com Inc. (NASDAQ:AMZN) has launched an eight-part US investment-grade bond offering, seeking to raise at least US$25 billion through securities with maturities ranging from three to 40 years. The offering includes several tranches scheduled to mature on 9 July in their respective maturity years, including a three-year…
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SpaceX edges lower as Wall Street launches coverage ahead of Nasdaq 100 entry (SPCX)
Analysts begin coverage before major index inclusion Shares of Space Exploration Technologies (NASDAQ:SPCX) slipped ahead of the company’s scheduled inclusion in the Nasdaq 100 on Tuesday, as several major Wall Street firms initiated research coverage with price targets ranging from US$190 to US$300. The wide range of valuations reflects differing opinions over the long-term potential…
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Walmart cuts prices on barbecue essentials after Trump highlights retailer’s move (WMT)
Walmart lowers prices on key summer food items Walmart (NYSE:WMT) announced on Monday that it is reducing prices on a range of popular summer barbecue products, including beef, soft drinks and snack foods, after President Donald Trump said the retailer had agreed to lower prices at his administration’s request. In a post on Truth Social,…
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Micron shares retreat as Samsung earnings trigger memory chip selloff (MU)
Samsung results spark declines across semiconductor sector Micron Technology (NASDAQ:MU) shares fell 4.9% in premarket trading on Tuesday, extending a broader decline across the memory semiconductor industry after Samsung Electronics’ latest earnings update prompted selling throughout the sector. Shares of SanDisk also dropped 4.7% before the opening bell. The weakness followed Samsung Electronics’ (KS:005930) preliminary…
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US futures edge lower as investors assess Samsung results and Fed outlook: Dow Jones, S&P, Nasdaq, Wall Street
US stock index futures traded cautiously on Tuesday after the Dow Jones Industrial Average reached a record high in the previous session, while investors weighed another strong earnings update from Samsung Electronics (USOTC:SSNHZ) alongside fresh comments from Federal Reserve Governor Christopher Waller. Futures pause after Wall Street records By 03:02 ET (07:02 GMT), futures linked…