Dow jumped 500 points while Nasdaq fell as Broadcom (AVGO) plunged 14% on weak AI chip guidance. SpaceX announced plans for a $75B IPO in new filing.
AI Stocks Tumble: Broadcom (AVGO) Earnings Trigger Selloff in Marvell, CrowdStrike as Crude Hits $95
Broadcom (AVGO) earnings missed lofty targets, triggering a tech selloff. Marvell, CrowdStrike fell while oil surged past $95, lifting energy stocks.
Nvidia (NVDA) acquired enterprise AI startup Kumo AI for $400M+, bringing aboard three co-founders. Stock declined 1% Thursday on the acquisition news.
Snap (SNAP) stock surged 7.6% after acquiring AR startup Illumix for its Specs glasses, while activist pressure and an upcoming expo fuel investor interest.
Oscar Health (OSCR) stock jumps 13% as Wells Fargo upgrades rating and nearly doubles price target to $20, citing stronger 2026 exchange trends.
Cerebras (CBRS) CEO Andrew Feldman announced partnerships with Amazon and OpenAI but confirmed the company won’t work with Nvidia in AI infrastructure.
Oracle stock jumped 39.9% in May on OpenAI optimism before dropping 5.7% after earnings. Q3 revenue hit $17.19B. Analysts maintain bullish outlook.
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View MoreDow jumped 500 points while Nasdaq fell as Broadcom (AVGO) plunged 14% on weak AI chip guidance. SpaceX announced plans for a $75B IPO in new filing.
AI Stocks Tumble: Broadcom (AVGO) Earnings Trigger Selloff in Marvell, CrowdStrike as Crude Hits $95
Broadcom (AVGO) earnings missed lofty targets, triggering a tech selloff. Marvell, CrowdStrike fell while oil surged past $95, lifting energy stocks.
Nvidia (NVDA) acquired enterprise AI startup Kumo AI for $400M+, bringing aboard three co-founders. Stock declined 1% Thursday on the acquisition news.
Snap (SNAP) stock surged 7.6% after acquiring AR startup Illumix for its Specs glasses, while activist pressure and an upcoming expo fuel investor interest.
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