Rep. Josh Gottheimer disclosed purchases of Benchmark Electronics and Applied Materials stock in October, adding to earlier buys of AMD shares, according to a congressional filing released this week. The trades came months after he voted in July for the Stop Insider Trading Act, which would bar lawmakers and their families from owning individual stocks. His office says the investments are managed by a third party with full discretion while he awaits approval of a blind trust.
cnbc.com
· 2026-11-07
A recent decline in AI-related stocks has pushed the S&P 500 about 6% below its record high, a relatively mild pullback by historical standards. Tech shares fell harder, with the Nasdaq down 11% and chip stocks down 36%, a drop comparable to the 35% chip-sector decline seen during the Covid crash. The tracking data is being updated daily.
kadoa.com
· 2026-11-07
Phil Scott and Jim Atwood, formerly of JPMorgan, left the bank in October to start their own wealth management venture. Their stated goal is to preserve clients' concentrated stock portfolios, many of which are heavily weighted toward AI-related companies, rather than pushing diversification as larger firms typically advise.
wsj.com
· 2026-11-06
A broad selloff in technology shares erased roughly $2.5 trillion in market capitalization, according to reports. Investors are reacting to expectations that an incoming Democratic-led government could impose stricter oversight on AI and tech firms than the current administration.
gizmodo.com
· 2026-11-05
Jim Cramer said on CNBC's Mad Money that a two-day sell-off in AI-related stocks stems from investors' inability to value companies tied to data center growth. The decline hit chipmakers and infrastructure suppliers broadly, with the iShares Semiconductor ETF falling 10% Thursday after a 3% drop Wednesday, and GE Vernova and Sandisk sliding 7% and 22% respectively.
cnbc.com
· 2026-11-05
CNBC's Jim Cramer said Thursday's slide in AI-related stocks, which saw Micron fall 17%, GE Vernova drop 7% and Sandisk plunge 22%, likely isn't finished. He attributed the declines to rising local opposition to new data centers after the midterm elections, which has raised doubts about continued AI infrastructure spending, but said he does not view this as a repeat of the dot-com crash since most affected companies are profitable.
cnbc.com
· 2026-11-05
Apple shares fell in premarket trading after the company's revenue beat expectations but its margin outlook disappointed investors, adding pressure to an already shaky tech sector. Separately, oil prices surged overnight following reports of an attack on Iran's Qeshm Island, while Asian and European chip stocks slid as the Nasdaq-100 remained in correction territory after closing more than 10% below its October 6 peak.
cnbc.com
· 2026-11-03
Intel stock dropped roughly 9% on Monday, extending losses after its worst trading day since 1974 last week, leaving the chipmaker worth less than half its late-September value. Memory and storage names including Micron, Sandisk, Seagate and Western Digital fell 6-8%, while Marvell dropped sharply even as it announced a $115 billion deal to acquire Lumentum. Chip and memory stocks have collectively lost about $3.7 trillion in market value since October 6, according to Yahoo Finance calculations, though Nvidia has held up comparatively well.
finance.yahoo.com
· 2026-11-03
Institutional investors preparing to participate in Anthropic's planned initial public offering are pushing for a more conservative valuation of around $1.5 trillion, according to reports. The push comes as a recent selloff in technology stocks has made some prospective buyers wary of pricing the AI company at the higher valuations previously discussed.
wsj.com
· 2026-11-02
US stocks swung from early-week gains to steep losses, with the Nasdaq falling 1.4% Thursday and nearly 3% Friday after weak tech earnings, ending the week down 2% and October down 5.3%. The S&P 500 dropped roughly 2% for the week while the Dow, buoyed by a shift into defensive stocks, lost under 1% weekly but gained 1.7% for the month. Chipmakers initially rallied on Anthropic's IPO filing and SK Hynix's record profit, but Intel's weak outlook sent its shares down more than 28% Friday, and Fed Chairman Kevin Warsh's hawkish comments on inflation added to investor unease.
cnbc.com
· 2026-10-31
Technology shares and cryptocurrencies both fell sharply over the Halloween weekend, as weak earnings reports from major AI-focused companies combined with news of a large-scale crypto hack to unsettle investors. The simultaneous declines marked one of the market's worst stretches in months for high-growth assets.
fastcompany.com
· 2026-10-30
US technology stocks fell for a second straight day, with the Nasdaq down over 3.5%, Intel shares plunging as much as 30%, and Reddit dropping 26%. Alphabet extended losses after losing more than $500 billion in market value the previous day, as combined 2026 AI spending commitments from Meta, Alphabet, Oracle, Amazon and Microsoft reach $800.6 billion.
news.slashdot.org
· 2026-10-30
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