Tech Sector Plunges Amid AI Spending Concerns & Geopolitical Tensions

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

Get personalized, AI-powered answers built on 27+ years of trusted expertise.

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