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Marvell, Flex Join S&P 500 on June 22 as AI Boom Reshapes Index
Marvell Technology and Flex Ltd. join S&P 500 on June 22, replacing Pool Corp. and Campbell’s, reflecting AI boom’s impact on index composition.
Chip Stocks Crash $1.3 Trillion as AI Rally Falters, June 07
Chip stocks crash $1.3 trillion on June 5 as Broadcom disappoints and AI demand concerns spread. Nvidia, Micron, AMD lead selloff.
Nasdaq Plunges 4.18% on Chip Selloff, Worst Day Since April 2025
Nasdaq fell 4.18% to 25,709.43 on June 5 as chip stocks plummeted amid Fed rate hike bets following strong jobs data.
QQQM Falls 4.8% as Growth ETF Faces Selling Pressure, June 06
QQQM drops 4.8% to $290.35 as growth ETFs face selling. VGT and VUG also decline. Meyka rates QQQM a B with $256.27 yearly target.
Strategy Stock Crashes 7% as Bitcoin Sale Triggers Investor Panic, June 06
Strategy stock fell 7% Friday after Bitcoin holder sold 32 coins for first time since 2022, breaking buy-only stance.
VIX Spikes 39.7% as Tech Selloff Triggers Wall Street Fear, June 06
VIX surges 39.7% to 21.51 as tech stocks plunge on rate hike fears. Nasdaq falls 4%, S&P 500 drops 2.6% in worst day since October.
IndiGo Suspends Six Routes Until September, Cites Rising Costs
IndiGo suspends flights to six Asian destinations until September 30, 2026, due to weak demand and high operational costs.
Marvell and Flex Join S&P 500 on June 22, Signaling Tech Shift
Marvell Technology and Flex join S&P 500 on June 22, replacing Pool Corp and Campbell’s. AI infrastructure demand drives semiconductor gains.
PHLX Chip Index Crashes 10.3% on Broadcom Shock, June 06
PHLX Semiconductor Index drops 10.3% on June 05, erasing $1.3 trillion in market value amid weak AI chip demand.