Global Tech Sector Plunges Amid Chipmaker Losses and Geopolitical Tensions

tech sector chipmakers AI stocks

En resumen

The tech sector, led by chipmakers and AI stocks, experiences steep declines globally, with the Nasdaq Composite falling 4.18% on Friday.
Geopolitical tensions between Israel and Iran, and a U.S.-brokered deal, also impact trading.
Meanwhile, SpaceX's upcoming IPO is valued too highly by Aswath Damodaran.

Resumen generado por IA

Tamaño de fuente

The tech sector, led by chipmakers and AI stocks, experiences steep declines globally, with the Nasdaq Composite falling 4.18% on Friday. Geopolitical tensions between Israel and Iran, and a U.S.-brokered deal, also impact trading. Meanwhile, SpaceX's upcoming IPO is valued too highly by Aswath Damodaran.

Read the full article on CNBC World

Temas relacionados

tech sector

Temaschipmakers AI stocks Nasdaq Israel-Iran ceasefire SpaceX IPO

This article was originally published by CNBC World.

Noticias relacionadas

Más sobre este tematech sector

En desarrollo·38 dk önce

Europe's Solar Supply Chain Dilemma: Alternatives to China Remain Scarce

Italy's first auction for solar projects excluding Chinese equipment revealed Europe's limited alternatives. While India boosts manufacturing, it still relies on China for key components like wafers. Europe faces policy gaps in fostering domestic production, highlighting the challenge of diversifying away from China's dominant solar supply chain.

Deutsche Welle

Urgente·1 sa önce

Microsoft Slashes Xbox Workforce by 3,200 Amid Restructuring

Microsoft's Xbox division is laying off approximately 3,200 employees, with 1,600 cuts effective immediately. This move aims to improve profit margins and efficiency, as the company restructures its content portfolio and studio investments. Several studios will become independent or find new ownership.

Engadget

En desarrollo·4 sa önce

Sky to Acquire ITV's Media and Entertainment Business for £2.1 Billion

Sky is acquiring ITV's media and entertainment business for £2.1 billion, aiming to boost its scale against global streaming giants. The deal, pending regulatory approval, would make Sky the UK's second-largest broadcaster.

Engadget

En desarrollo·8 sa önce

US Treasury Yields Dip Ahead of FOMC Minutes and NATO Summit

US Treasury yields edged lower early Monday as investors awaited the FOMC minutes and the NATO Summit. The 10-year yield fell to 4.459%, the 2-year to 4.112%, and the 30-year to 4.969%. Key events include Fed minutes, jobless claims, existing home sales, and the NATO Summit in Turkey.

CNBC World

En desarrollo·9 sa önce

South Korean Prosecutors Indict Four Oil Refiners for Price Collusion

Four major South Korean oil refiners, including HD Hyundai Oilbank and SK Energy, have been indicted for violating fair trade laws. Prosecutors allege they colluded to artificially inflate domestic fuel prices, with the anticompetitive impact estimated at around $20 billion following the Middle East conflict.

CNBC World

ÚLTIMA HORA·10 sa önce

EasyJet Shares Soar on £5.5 Billion Takeover Bid from Castlelake

EasyJet shares surged 10.5% after the U.K. budget airline agreed in principle to a £5.5 billion takeover bid from U.S. private equity firm Castlelake. The improved cash offer of $6.90 per share comes after a previous proposal was rejected.

CNBC World

Más sobre este tematech sector