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Tech News
Donald Trump's official memecoin fell to an all-time low of $1.12 following the US midterm elections, down from $1.70 beforehand and roughly $2.00 a month earlier. The coin's market cap, which once peaked at $72 billion, has shrunk to around $340 million, leaving many of the nearly one million holders sitting on steep losses.
Intel stock lost 30% of its value on Friday after the company issued a weak financial outlook, including a forecast that sales in its client computing group would drop over 20%. The slide erased nearly $150 billion from Intel's market cap and contributed to roughly $1 trillion wiped off the broader semiconductor sector, as measured by Benzinga's intraday estimates and a 9.14% drop in the PHLX Semiconductor Sector Index.
Apple's stock closing price pushed its market valuation past the $5 trillion threshold. Separately, Ukraine reported that new restrictions on Starlink access have disrupted its military operations, and OpenAI alleged that a former employee took confidential files to Apple.
Advanced Micro Devices' stock climbed enough to push its market valuation above $1 trillion, according to reporting on the milestone. The chipmaker joins a small group of companies including Nvidia, SpaceX, and Meta that have reached the trillion-dollar threshold.
AMD's stock surged roughly 9% on Monday morning, pushing its market capitalization above $1 trillion for the first time. The rally capped a month-long climb of about 29% in AMD shares, with most of that gain coming in the past week alone. The milestone puts AMD ahead of rival Intel, whose market cap sits near $648 billion.
AMD has crossed a $1 trillion market valuation, becoming the fourth US chipmaker to hit that milestone after Nvidia, Broadcom and Micron. Its stock has nearly tripled in 2026, rising from around $223 in January to over $607 currently, fueled by strong AI-driven demand. Intel, despite a 208% year-to-date share gain, remains far behind with a market cap of about $643.5 billion.
Advanced Micro Devices stock hit a record intraday high of $613.92 on Monday, pushing the company's market valuation above $1 trillion for the first time. The gain extends a five-day rally in which AMD shares climbed roughly 24%, and the stock is now up more than 180% for the year.
Nike will be removed from the S&P 100 index on September 21, ending an 18-year run, as its market capitalization has fallen from a 2021 peak of $264 billion to about $57 billion today. The sportswear giant remains in the broader S&P 500, but its removal from the top-100 index reflects a sustained decline, including a 36% drop in market cap in 2026 alone. Honeywell Aerospace, Simon Property Group and Colgate-Palmolive are also exiting the index the same day, replaced by tech firms like Dell, Palo Alto Networks, Arista Networks and Sandisk.