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Investing.com -- Celestica shares dropped 11.5% to trade at CAD 379.13, extending a sharp multi-week pullback as investors fled high-valuation AI infrastructure names amid a broad technology sector selloff and mounting caution ahead of a critical earnings event. The stock opened at CAD 406.28 before sliding to a session low of CAD 378.45, well below its 52-week high of CAD 655.50.

The primary driver of today’s pressure is a confluence of pre-earnings risk reduction and sector-wide sentiment det

Investing.com -- Western Digital Corp. (NASDAQ: WDC) shares initially surged about 4% in after-hours trading following stronger-than-expected quarterly results and upbeat guidance, but subsequently erased the gains as selling in AI stocks continued, extending the sector’s intraday slump.

The storage maker reported adjusted earnings of $4.64 per share for the first quarter of fiscal 2027, beating analyst expectations of $4.08. Revenue climbed 55% year over year to $4.38 billion, topping the $4.1

Investing.com -- Mining equities tumbled on Thursday after Freedom Broker issued a sweeping set of downgrades across North America’s top gold producers, citing trimmed near-term EBITDA forecasts, lingering operational risks, and valuation constraints. The analyst actions took a toll on market sentiment, sending shares of Agnico Eagle Mines Limited (NYSE: AEM) down 5.2%, Barrick Mining Corp (NYSE: B) lower by 5.1%, and Newmont Corporation (NYSE: NEM) down 4.1% during morning trading.

Agnico Eagl

Investing.com -- Gold producers are heading into a mixed third-quarter earnings season as lower gold prices and elevated costs put pressure on margins, partly offset by expected improvements in production, RBC Capital Markets said.

Average gold prices fell 6% quarter over quarter to $4,266 an ounce in the third quarter, from $4,513 in the second quarter. The decline is expected to weigh on margins for a second consecutive quarter, although some miners should begin benefiting from production imp

Investing.com -- Marvell Technology stock slid nearly 5.0% in morning trading to reach $232.62, dragged lower as a broad and sharp selloff swept through U.S. optical communications and AI-linked semiconductor stocks, with the selling that began in pre-market trading extending well into the regular session. Marvell was among a cluster of sector peers — including Lumentum, Credo Technology, Coherent, and Ciena — that each fell over 5% before the open, reflecting coordinated risk-off pressure acros

The Nasdaq Composite and S&P 500 plunged Thursday, another busy earnings day, with tech stocks leading declines. Meanwhile, crude prices rose on reports that the U.S. and Israel plan to renew attacks on Iran, while Treasury yields dropped.

The tech-focused Nasdaq Composite, benchmark S&P 500, and blue-chip Dow Jones Industrial Average were 2.2%, 1.2%, and fractionally lower, respectively, in recent trading.

Yesterday, the major U.S. indexes closed higher, led by big gains for tech stocks on an

In this article

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.

Hello, this is Leonie Kidd with today’s edition of Morning Squawk.

The pickup in volume during super early trading has been overwhelmingly to the downside.

Futures are worse, Asia closed deep in the red, and Europe is also broadly lower.

It seems the all-or-nothing approach to tech continues...

Futures are steadily declining this morning, with chip stocks once again under pres

Investing.com -- U.S. stock futures dropped sharply Thursday morning, with technology stocks leading losses amid increased geopolitical concerns and a continued selloff in the sector, according to JPMorgan's morning market note.

Oil prices climbed 2% to 3% on speculation about potential military action against Iran following the U.S. midterm elections, based on a New York Times report about U.S. and Israeli plans for renewed strikes.

Technology stocks showed particular weakness in premarket tr

In this article

Nvidia CEO Jensen Huang told CNBC Thursday that a surplus of memory supply is unlikely by 2029, despite a sell-off in memory stocks over the past week amid concerns about oversupply and weakening demand.

“One of the things that’s really great about memory is that you can always use more of it,” Huang told CNBC’s Arjun Kharpal in a wide-ranging interview on the sidelines of the company’s GTC Berlin conference. He added that HBM, a type of random access memory, or RAM, will be us

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Memory-stock investors may want to forget today.

Shares of big memory and data storage companies, many of which have been among the stock market’s biggest winners in recent months, were falling Thursday morning amid a broad pullback in tech stocks. The moves come ahead of the latest quarterly results from hard-drive maker Western Digital (WDC), which is slated to publish its fiscal first-quarter results after the clo

In this article

This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.

Hello, this is Leonie Kidd with today’s edition of Morning Squawk.

The pickup in volume during super early trading has been overwhelmingly to the downside.

Futures are worse, Asia closed deep in the red, and Europe is also broadly lower.

It seems the all-or-nothing approach to tech continues...

Futures are steadily declining this morning, with chip stocks once again under pres

Investing.com -- Marvell Technology stock slid nearly 5.0% in morning trading to reach $232.62, dragged lower as a broad and sharp selloff swept through U.S. optical communications and AI-linked semiconductor stocks, with the selling that began in pre-market trading extending well into the regular session. Marvell was among a cluster of sector peers — including Lumentum, Credo Technology, Coherent, and Ciena — that each fell over 5% before the open, reflecting coordinated risk-off pressure acros

In this article

Nvidia CEO Jensen Huang told CNBC Thursday that a surplus of memory supply is unlikely by 2029, despite a sell-off in memory stocks over the past week amid concerns about oversupply and weakening demand.

“One of the things that’s really great about memory is that you can always use more of it,” Huang told CNBC’s Arjun Kharpal in a wide-ranging interview on the sidelines of the company’s GTC Berlin conference. He added that HBM, a type of random access memory, or RAM, will be us

Investing.com -- U.S. stock futures dropped sharply Thursday morning, with technology stocks leading losses amid increased geopolitical concerns and a continued selloff in the sector, according to JPMorgan's morning market note.

Oil prices climbed 2% to 3% on speculation about potential military action against Iran following the U.S. midterm elections, based on a New York Times report about U.S. and Israeli plans for renewed strikes.

Technology stocks showed particular weakness in premarket tr

Investing.com -- Meta Platforms beat Wall Street’s third-quarter revenue expectations on strong advertising growth and forecast further gains in the current quarter, while unveiling a new nonvoting share class to support its long-term investment plans. Shares rose 7% following the results.

The Facebook and Instagram parent reported revenue of $64.60 billion for the quarter ended Sept. 30, up 26% from a year earlier and above analyst expectations of $63.33 billion. Earnings per share rose to $3.

After-Hours Movers:

Meta Platforms (META)

Meta stock rose 4% after delivering a Q3 beat-and-raise report while approving a new class of publicly listed non-voting shares to fund its AI roadmap. The company posted Q3 EPS of $3.83 (beating the $3.57 estimate) on revenue of $64.6 billion. Management issued strong Q4 revenue guidance of $73–$76 billion (midpoint $74.5 billion, above the $73.57 billion consensus), signaling robust digital ad momentum heading into the holiday season. Meta updated it

Investing.com -- Meta Platforms is considering issuing nonvoting shares to help finance its artificial intelligence ambitions without diluting CEO Mark Zuckerberg’s voting control, Semafor reported Wednesday, citing people familiar with the matter.

The company could announce the plan as soon as Wednesday, when it is scheduled to report third-quarter earnings after the market close, according to the report.

The potential move would give Meta another way to raise capital as it pours billions of

Investing.com -- Meta Platforms is considering issuing nonvoting shares to help finance its artificial intelligence ambitions without diluting CEO Mark Zuckerberg’s voting control, Semafor reported Wednesday, citing people familiar with the matter.

The company could announce the plan as soon as Wednesday, when it is scheduled to report third-quarter earnings after the market close, according to the report.

The potential move would give Meta another way to raise capital as it pours billions of

Didn’t get enough Big Tech earnings—or Elon Musk, for that matter—yesterday? You’re in luck.

Today brings more of both. Two Magnificent Seven companies, Meta Platforms (META) and Musk-run Tesla (TSLA), are due to report their latest quarterly results after the closing bell. (We’ll follow the numbers live right here.) Those results will follow yesterday’s numbers from companies including SpaceX (SPCX), which has some investors thinking about the likelihood of a tie-up between the two Musk-run bu

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A big rally in SpaceX after earnings is giving hope to Meta and Tesla bulls ahead of their reports due Wednesday afternoon.

Options trading in both stocks leaned bullish after the open Wednesday, with Meta options looking particularly one-sided as traders bought more calls than puts and more put trades likely initiated by sellers than buyers. More than 30,000 calls traded at or above the ask, suggesting they were bought, versus under 17,000 puts, Cboe LiveVol data shows.

Meta

Investing.com -- Amkor Technology (NASDAQ: AMKR) shares surged 8% Wednesday following news that Nvidia (NASDAQ: NVDA) plans to significantly expand its advanced packaging partnership with the semiconductor assembly firm into South Korea.

Under the expanded agreement, Nvidia and Amkor aim to boost advanced packaging capacity in South Korea, targeting a more than 300% increase in interposer wafer capacity by the end of 2028. The initiative, alongside Amkor’s ongoing development of new South Korea

Investing.com -- Moody's Ratings upgraded Taiwan Semiconductor Manufacturing Co's (NYSE: TSM) issuer rating to Aa2 from Aa3 on Wednesday, citing the foundry giant's dominant market share and persistent demand for artificial intelligence applications. The rating agency also raised its outlook to stable from positive while upgrading senior unsecured ratings across TSMC’s financing subsidiaries.

The credit action underscores TSMC’s expanding technological lead in advanced process nodes, alongside