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U.S. stocks ended lower on Tuesday triggered by a selloff in semiconductor and tech stocks, following disappointing results from a batch of big corporates as investors await key inflation data that could lead the Fed to continue with steep rate hikes. All the three major

The $52 billion CHIPS and Science Act, also known as the CHIPS Act, was signed by President Biden on Tuesday, yet chip stocks are selling off. What gives? Semiconductor stocks have been hit hard in recent days with both Nvidia (NASDAQ: NVDA) and Micron (NASDAQ: MU) announcing pre

SoftBank Group Corp is accelerating asset sales after its flagship Vision Fund unit booked nearly $50 billion in losses in just six months, but Chief Executive Masayoshi Son faces narrowing options and slumping valuations, analysts said.

The latest batch of corporate earnings updates sparked a selloff in stocks on Tuesday, with the tech-heavy Nasdaq leading the path lower. 

What happened Shares of chipmaking companies Micron Technology (NASDAQ: MU), Applied Materials (NASDAQ: AMAT), and Skyworks Solutions (NASDAQ: SWKS) plunged on Tuesday, down 4.8%, 9.1%, and 5.4%, respectively, as of 2:27 p.m. ET.

The Nasdaq fell on Tuesday after a dismal forecast from Micron Technology pulled chip and technology stocks lower as markets await U.S. inflation data that could lead the Federal Reserve to further tighten its aggressive plans to curb inflation.

What happened Shares of Nvidia (NASDAQ: NVDA) were trading down 5.5% as of 12:22 p.m. ET on Tuesday. Several analysts cut their price targets on the stock. This follows Nvidia's disclosure on Monday that revenue for the fiscal second quarter would come in below expectations.

Are These The Best Semiconductor Stocks To Buy Today?Semiconductor stocks have been on the rise in recent years in the stock market, as the semiconductor industry has seen increasing demand from a variety of sectors. For example, electronic manufacturers have been turning to semi

The tech-heavy Nasdaq fell on Tuesday after a dismal forecast from Micron Technology dragged chip and technology stocks lower, while markets remained on the edge ahead of inflation data that will feed into the U.S. Federal Reserve's rate-hike plans.

The graphics chipmaker Nvidia NVDA disappointed investors following the warning of lower second-quarter fiscal 2023 revenues. The warning indicates the latest sign of slackening demand for computer chips.Shares of NVDA tumbled 6.3% on the day, putting ETFs having the larg

The tech-heavy Nasdaq fell on Tuesday after a dismal forecast from Micron Technology dragged chip and technology stocks lower, while investors remained cautious ahead of inflation data that will feed into the U.S. Federal Reserve's rate-hike plans.

Today's video focuses on Nvidia (NASDAQ: NVDA) and its recently announced preliminary results for its second quarter. The preliminary results were released roughly two weeks before its scheduled earnings, and it does not look good in the short term for Nvidia's consumer market. C

Stocks failed to hold on to early gains on Monday and ended almost flat as investors anxiously await the consumer price index report for July this week that will help them gauge how aggressive the Fed might be in its rate-hike policy. The S&P and Nasdaq ended in negat

Wall Street was set to open lower on Tuesday after a dismal forecast from Micron Technology dragged chip stocks lower, while investors remained cautious ahead of inflation data that will feed into the U.S. Federal Reserve's rate-hike plans.

Nasdaq and S&P futures fell on Tuesday after a dismal forecast from Micron Technology dragged chip stocks lower, while investors remained cautious ahead of inflation data that will feed into the U.S. Federal Reserve's rate hike plans.

Memory chipmaker Micron Technology said its free cash flow was expected to be negative for the fiscal first quarter and that it could see significant sequential declines in revenue and margins in the period due to a fall in shipments.

Tech stocks have been scorned by the market for practically the whole year. While July was a nice break from the sell-off that has plagued these stocks, many are nowhere near their all-time highs.

SoftBank Group Corp is accelerating asset sales after its flagship Vision Fund unit booked nearly $50 billion in losses in just six months, but Chief Executive Masayoshi Son faces narrowing options and slumping valuations, analysts said.

Round-up of South Korean financial markets: ** South Korean shares fell on Tuesday after revenue warning from U.S. chipmaker Nvidia Corp sparked concerns about tepid demand and outlook for economic growth. The Korean won weakened, while the benchmark bond yield fell.

Markets lost a bit of steam as the trading session moved along today, with strength in the pre-market after seeing the passage of a new bill on renewable energy, Medicare availability and corporate tax minimums in the Senate give way to disappoints from Tyson TSN and Pala