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Tesla dropped 3% as investors took profits following an 18% monthly surge ahead of its September 3 Cybercab launch. Mixed August European vehicle registration data and high valuation multiples contri…
Shopify shares fell 4% following an 18% monthly gain, driven by profit-taking rather than fundamental issues. Peers eBay and Etsy also slipped modestly. While Shopify's premium valuation increases sh…
AMD fell in premarket trading as investors took profits following Nvidia's rally and ahead of the Jackson Hole symposium. Despite solid AI demand, high valuations and potential Fed rate hikes create …
Profit-taking and sector-specific dilution concerns triggered a selloff in AI optics stocks, including Applied Optoelectronics (down 6%) and Lumentum (down 6%). Despite the pullback, the overall AI h…
Cathie Wood’s ARK Invest trimmed its AMD position by over 37,000 shares after a significant 120% rally this year. However, ARK remains a major holder, and the move appears to be routine portfolio man…
Chip and AI stocks, including Sandisk, Micron, and Credo, experienced a sharp downturn following a brief bullish rally. This reversal is causing major market indexes to erase their recent gains, indi…
Dow slipped 0.1% amid profit-taking after record highs, weak consumer sentiment, and unexpected retail sales decline. High oil prices raised economic growth concerns despite eased rate hike fears.
Gold and silver dip as profit-taking follows a weekly rally, with London mining stocks broadly lower amid copper guidance cuts and precious metal weakness.
Gold heads for weekly loss as investors take profits after rally above $4,400. Prices fall 0.8% to $4,385.90 amid profit-taking, though broader uptrend remains intact on rate-cut expectations.
Gold steadied near $4,350 after a sharp drop, as investors booked profits while weighing soft US inflation data and Middle East tensions affecting Fed rate expectations.
Markets hit record highs as Dow, S&P 500 rallied on eased AI and Iran-related fears. AMD beat Q2 estimates but shares reversed gains, reflecting profit-taking after its 142% YTD surge despite strong …
Major indices hit record highs on eased AI profitability fears and Iran/Strait of Hormuz optimism. AMD beat Q2 estimates but gave back earlier gains as investors booked profits after a +142% YTD run,…
A rotation trade is driving a sell-off in second-tier AI chip stocks like AMD, Intel, and ARM, as investors consolidate exposure into the sector's leaders, NVIDIA and Broadcom. This is a valuation re…
White Falcon Capital's Q2 2026 letter details its AMD success from $80 to $552/share, but reveals it sold ~75% of the position due to stretched valuations amid AI-driven optimism, despite strong fund…
Microsoft shares declined 3.5% after failing to hold above their 200-day moving average at $456.64. The reversal triggered profit-taking following three sessions of gains, shifting near-term technica…
Major U.S. stock indices declined sharply on Friday, with the Dow falling 1.1% amid profit-taking, rising treasury yields, and inflation concerns. Technology stocks led losses as the Fed rate hike pr…
Nasdaq declined 0.71% as hotter-than-expected inflation data and geopolitical tensions over Iran prompted profit-taking near record highs. Tech sector weakness led the selloff despite strong AI-drive…
Tesla shares fell about 1.0%, a minor intraday pullback with no clear catalyst reported.
Amazon shares fell about 1.53% in a modest intraday pullback; no additional details or catalyst provided.