Chinese AI firm Moonshot released the Kimi K3 open-weight model on July 16, with 2.8 trillion parameters and a commitment to publish full weights by July 27, challenging U.S. AI labs' dominance. Analy…
The S&P 500 fell 1 percent and the Nasdaq composite dropped 1.4 percent on Friday, led by a selloff in chip stocks that pushed the Philadelphia Semiconductor Index down 1.2 percent and to a weekly los…
The Philadelphia Semiconductor Index has fallen more than 20% from its late June high, entering bear market territory as the AI rally unravels. The index dropped 11% in a single week, its worst since …
TSMC shares fell 6% on Thursday after the chipmaker raised its AI-spending forecast, marking the latest instance where investors punished an AI-linked company for overspending despite beating earnings…
US chip and memory stocks lost over $1 trillion in market value in a brutal selloff triggered by Broadcom's AI chip guidance falling short of analyst expectations and a strong jobs report raising rate…
The Philadelphia Semiconductor Index (SOX) has fallen over 11% from its June 2026 high, erasing roughly $1.5 trillion in market value since late June, as waning AI-driven enthusiasm pushes memory-chip…
Apple added approximately $600 billion in market value as traders fled AI-focused semiconductor stocks amid concerns over AI capital expenditure sustainability, pushing Apple's market capitalization t…
A $10,000 investment in the Philadelphia Semiconductor Index on Jan. 2, 2026, would have grown to $19,546.72 by the end of Q2, driven by AI demand, while the S&P 500 returned 9% and bitcoin lost over …
Alphabet lost approximately $270 billion in market value in a single trading session in June 2026, driven by concerns over competitive positioning against OpenAI and Anthropic, triggering a global sel…
Cerebras nearly doubled its first-quarter revenue to $193.4 million and guided 2026 sales above Wall Street estimates, but its stock fell about 10% after warning that core gross margins would drop sha…
Micron Technology shares plunged 13% on June 23, 2026, ahead of its fiscal Q3 earnings report, dragging the Philadelphia Semiconductor Index down nearly 8%. The selloff was triggered by Broadcom's gui…
South Korean regulators are considering restrictions on leveraged ETFs after a sharp selloff in chip stocks, with Samsung and SK Hynix falling over 12% and the Kospi index dropping 10%, triggering a t…
US stock index futures rose on Monday as semiconductor stocks extended their rally, with Nvidia, AMD, and Broadcom leading gains. Dow futures gained 0.2%, S&P 500 futures rose 0.4%, and Nasdaq 100 fut…
The Philadelphia Semiconductor Index fell 2% on June 4 after Broadcom's AI chip guidance missed Wall Street expectations by roughly $1.2 billion, triggering the chipmaker's largest single-day drop sin…