Global stocks plunge
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There's a slew of tech stocks to buy heading into the second half, according to Bank of America. The firm says stocks like Nvidia are top ideas that offer plenty of upside potential. Other stocks screened by CNBC Pro and rated buy at Bank of America include: Meta,
The sharp sell-off in the S&P 500 and the tech-heavy Nasdaq is "healthy" after their torrid months-long rally, according to market experts.
Philippe Laffont of Coatue Management is focused the "pick-and-shovel" component of the AI trade, eyeing stocks that supply materials to chip makers.
Chip stocks led losses from South Korea to Europe, while oil prices steadied after the U.S. waived sanctions on Iranian crude
PM Indian time are down 850 points, while the technology sub-index of the European Stoxx 600 index fell over 3% as well.
Micron Technology Inc. MU stock fell in Tuesday’s premarket trading as investors moved away from high-growth tech stocks and questioned how much optimism was already priced in after its run to fresh highs ahead of earnings.
The current selloff in tech and AI stocks is “healthy” and "good for the markets" because it prevents dangerous euphoria from building up, according to Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management.
Nasdaq 100 faces a $1 trillion wipeout as tech stocks tumble, SpaceX valuation slips, and AI spending concerns grow.
Markets are sharply lower on Tuesday, with the S&P 500 dropping almost 1.3% and the tech-heavy Nasdaq Composite dropping 1.88%. Stocks had already dropped on Monday, with the former falling 0.4% and the latter by 1.3%.
Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics. He received his M.A. in journalism from The New School ...
