Chip sell-off spreads to Asia and Europe as SK Hynix falls more than 10%
A sell-off in chip stocks spread from Wall Street to Asia and Europe on Tuesday. Investors weighed worries over AI…
Stock Market News
Latest stock market news covering equities beyond the Magnificent 7 — sector earnings, IPOs, M&A activity and broader market moves.
Broadcom CEO likens AI boom to a casino while targeting $230 billion in chip sales
Broadcom CEO Hock Tan said many AI investors do not understand what they are buying and likened the boom to…
Applied Materials opens $5 billion chip R&D center with TSMC, Intel and Samsung as founding partners
Applied Materials opened a $5 billion research facility in Sunnyvale, California, that brings chipmakers, equipment partners and researchers under one…
Optical stocks Ciena, Lumentum and Coherent fall as AI names sell off
Optical and networking stocks ranked among Monday's leading decliners, with Ciena, Lumentum and Coherent each closing down between 7.9% and…
LVMH fashion and leather sales fall 5% in Q3 on weak Chinese demand
LVMH reported third-quarter organic sales growth below analyst expectations on Monday, as its fashion and leather division posted a 5%…
