74858182
voted
Despite a recent pullback, the $S&P 500 Index (.SPX.US)$, propelled by tech stocks, has risen over 15% so far this year. However, the stock market is flashing warning signs that the tech stock frenzy is about to end, according to one of Wall Street's most bearish analysts.
Albert Edwards, the chief global strategist for Societe Generale, issued another warning about the blistering 2024 stock rally in a note on Thursday...
Albert Edwards, the chief global strategist for Societe Generale, issued another warning about the blistering 2024 stock rally in a note on Thursday...
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74858182
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Semiconductor stocks suffered a brutal sell-off on Wednesday, with the $PHLX Semiconductor Index (.SOX.US)$ dropping nearly 7%, marking its worst performance since 2020. $ASML Holding (ASML.US)$ plunged more than 12%, while $Applied Materials (AMAT.US)$, $Advanced Micro Devices (AMD.US)$, $Marvell Technology (MRVL.US)$, and $Lam Research (LRCX.US)$ all fell more than 10%, and $NVIDIA (NVDA.US)$ dropped 6.6%.
What Happened?
The sharp decline in the semico...
What Happened?
The sharp decline in the semico...
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74858182
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Bitcoin surged on Monday following an assassination attempt on Donald Trump as traders increased their bets on the former president winning November’s US presidential election.
The price of bitcoin rose more than 10 per cent to $64,763, its highest level in two weeks, after Trump was injured in the ear during an assassination attempt by a gunman at a campaign rally at the weekend. The Republican...
The price of bitcoin rose more than 10 per cent to $64,763, its highest level in two weeks, after Trump was injured in the ear during an assassination attempt by a gunman at a campaign rally at the weekend. The Republican...
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74858182
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Semiconductor equipment company ASML will release its Q2 report on Wednesday. The forthcoming financial figures are anticipated to showcase ASML's robust portfolio, escalating investments, and a rise in design innovations.
Nonetheless, market uncertainties, geopolitical strife, and escalating costs associated with tech advancements may have muted the firm's outlook.
ASML's first-quarter orders were disappointing ...
Nonetheless, market uncertainties, geopolitical strife, and escalating costs associated with tech advancements may have muted the firm's outlook.
ASML's first-quarter orders were disappointing ...
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