Nvidia’s $229-to-$217 Plunge: Fed Clues Behind the Reversal
Nvidia shares swung wildly Friday, dropping 4.6% on 24 billion shares traded. Here’s what the reversal reveals about Fed policy bets and tech-sector positioning.
Markets
Tower Semiconductor: $460M Revenue Record Fuels $250 Price Target
Tower Semiconductor posted record Q2 2026 revenue of $460 million as silicon photonics reshapes its business. An analyst now sees a $250 price target ahead.
Micron Shares Barely Budge Despite Memory Shortage Set to Last Until 2030
Micron Technology stock closed 0.27% lower even after SK hynix’s CEO said the memory chip shortage could persist until 2030, with Jim Cramer weighing in on why.
Broadcom Stock Lags Tech Sector Despite Bullish Analyst Bets
Broadcom (AVGO) shares have underperformed the broader tech sector after a 4.6% drop tied to peer weakness, even as analysts stay bullish on its AI-driven outlook.
Alphabet Stock Lags the Tech Sector, But Analysts Stay Bullish
GOOGL shares have trailed the broader market over the past year even as Wall Street analysts remain upbeat on Alphabet’s cloud and advertising prospects.
Nvidia Stock Jumps 7.63% After Q2 Revenue Doubles to $96.2 Billion
Nvidia shares soared 7.63% in after-hours trading after Q2 revenue hit $96.2 billion and the chipmaker forecast 70% sales growth for fiscal 2028.
KOSPI Jumps as Nvidia’s Earnings Beat Eases Chip Demand Fears
South Korea’s KOSPI opened sharply higher after Nvidia’s earnings beat Wall Street expectations, calming investor worries about a slowdown in global semiconductor demand.
S&P 500, Nasdaq End Flat as 3.7% Inflation Clouds Fed’s Rate Path
Wall Street closed nearly flat as US inflation hit 3.7% and GDP grew 1.5% in Q2, with traders eyeing Nvidia earnings and the Fed’s Jackson Hole meeting.
Brent Crude Sinks Below $90 as Wall Street Futures Rally on Iran Optimism
Brent crude dropped over 3% below $90 a barrel and Nasdaq futures jumped 0.9% as signs of Iran de-escalation lifted chipmakers and eased bond yields.
Chip Stocks Sink Up to 5% as Wall Street Braces for Nvidia’s Earnings Reveal
Intel dropped 5%, AMD 4% and Micron 5.8% ahead of Nvidia’s Wednesday report, with the S&P 500 slipping to 7,652.86 amid analyst warnings of a possible 20% drawdown.