Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown. Disappointing tech results spurred the worst drop for stocks since June, with the Nasdaq 100 falling 3.5% and briefly crossing the threshold of a technical correction. Bloomberg News US Semiconductor Reporter Ian King, Bloomberg News Technology Reporter Matt Day and Bloomberg Intelligence Senior Technology Analyst Anurag Rana join to recap Intel and Amazon earnings. Plus, Jeff Sprecher, Intercontinental Exchange CEO joins to discuss the company's deal with Hyperliquid to bring perpetual futures products into US markets. Then, Bloomberg News Senior Equities Editor Eric Weiner helps dissect today's major selloff. Finally, Brooks Running CEO Dan Sheridan joins ahead of the New York City Marathon to discuss the shoe company's market share and customer demand. (Source: Bloomberg)
Results for “intel”
Shares of Intel plunged roughly 25 percent in premarket trading Friday after the American semiconductor giant issued a sharply disappointing sales and earnings forecast, raising fresh doubts about its turnaround and warning that a severe slump in the personal computer market could persist well into next year. The post Intel Shares Plunge 25 Percent After Chipmaker Issues Disastrous Forecast appeared first on Breitbart .
Nvidia dismissed a new report that CEO Jensen Huang was targeted by a Chinese intelligence asset, stating the diversion allegations were “thoroughly investigated and debunked last year.” The New York Times published a report Thursday finding American spy agencies last year discovered Alice Huang, an executive at the Singapore-based data center Megaspeed, funneled information to…