Arm Holdings stock sinks over 8% as memory chip shortage fears hit phone production
Arm and Qualcomm shares dropped as memory chip shortages hurt phone output; AI demand shifts supply to data centers. Samsung, SK Hynix, and Micron lead.
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Sensex Today | Stock Market LIVE Updates: Nifty futures hint at a positive start on Sensex expiry day; IT stocks in focus
Sensex Today | Stock Market LIVE Updates: For the Nifty index 25,800 mark is the first barrier for the index, while 25,500 remains a key support on the downside as we highlighted earlier as well.
Trent shares in focus after Tata Group co springs a positive EBITDA surprise in Q3
Shares of Trent closed above the mark of ₹4,000 for the first time after January 12 on Wednesday. The stock is still down over 40% from its all-time high of ₹8,345 that it had surged to in October 2024.
Asian equities decline post tech selloff, gold rises
The MSCI Asia Pacific Index declined 0.3% during the open. South Korea’s Kospi Index led losses, declining 1.6%.
$24 Billion bounty in a month — Hedge funds are doubling down on their ‘short software’ bet
More and more investors now believe that the software industry might be undergoing a broader structural shift, a view that could spur increased deal activity, including takeovers by larger players.
AMD shares fall to its worst loss in nearly a decade as AI concerns linger
The shares dropped 17% to $200.19 on Wednesday, the largest one-day drop since May 2017. By Tuesday’s end, they had increased 13% this year. In keeping with her typical optimistic outlook, CEO Lisa Su reiterated her forecast that the company’s…
Oil prices fall ahead of US-Iran talks
WTI fell 0.7 cents per barrel, or 1%, to $64.5 per barrel at 2347 GMT. Brent crude futures resume trading at 0100 GMT.
Nasdaq falls another 350 points led by Chipmakers; Amgen, Honeywell support Dow Jones
Nasdaq’s fall was led by AMD, which fell 17%. AMD’s fall took other chipmaker stocks along with it. Nvidia’s shares fell 3.5%, Broadcom fell nearly 4%, Qualcomm did well in regular trading but tanked afterhours. Other bigtech names like Alphabet,…
Google-parent Alphabet outlines mega $185 billion capex plan after earnings beat; Stock falls
Shares of Microsoft, which fell as much as 7.5% in extended trading, recovered those losses but are still down around 1.5%. The capex announcement led to a post-closing rally in shares of Broadcom, which gained as much as 6%, while…
Qualcomm shares tank 9% in extended trading after guidance points to subdued phone market
There has been a consistent effort from Qualcomm to diversify its client base into cars, PCs and data centers, but these new avenues have not grown enough to offset the shortfall in its core business yet.