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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

What happened Shares of semiconductor manufacturing foundry company GlobalFoundries (NASDAQ: GFS) rocketed 11.7% higher on Monday, as of 3:52 p.m. ET despite much of the chip sector selling off on the heels of Nvidia's (NASDAQ: NVDA) negative earnings pre-announcement.

Check Out These 3 Trending Tech Stocks In The Stock Market NowIt’s no surprise that tech stocks have had a rough year in the stock market so far. However, investors may still be searching for tech stocks to place on their watchlist. With the Federal Reserve’s most rec

Wall Street stocks were mostly flat on Monday, the dollar weakened and U.S. government bond yields fell as investors weighed mixed messages on inflation and how aggressive the Federal Reserve might be in combating it.

Stocks ended Monday with a whimper as a solidly higher open lost momentum throughout the trading day.

Wall Street closed mostly flat on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack down on inflation, while a revenue warning from chipmaker Nvidia reminded investors of a slowing U.S. economy.

Take-Two Interactive Software Inc on Monday became the latest videogame publisher to forecast weak annual sales, providing further evidence that absence of major releases and easing COVID-19 curbs have reined in the industry's growth.

What happened Shares of GameStop (NYSE: GME) were rising today as part of a broader two-day rally in meme stocks, including AMC Entertainment Holdings and Bed Bath & Beyond.

U.S. stock indexes closed little changed on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack down on inflation, while a revenue warning from chipmaker Nvidia reminded investors of a slowing U.S. economy.

Technology stocks turned lower Monday afternoon, with the SPDR Technology Select Sector ETF (XLK) falling 1.0% and the Philadelphia Semiconductor Index sliding 2.1% this afternoon.

Last week, NVIDIA Corporation's (NASDAQ:NVDA) stock jumped 4.5%, but insiders who sold US$163m worth of stock in over the past year are likely to be in a better position. Selling at an average price of US$213, which is higher than the current price, may have been the wisest dec

Nvidia (NASDAQ: NVDA) is a powerhouse in the data center and gaming industries, and investors have come to expect strong financial results on a consistent basis. Unfortunately, the chipmaker released its preliminary second-quarter earnings report on Monday, and the results were d

U.S. stock indexes were mixed on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack down on inflation, while a revenue warning from chipmaker Nvidia was another reminder of a slowing U.S. economy.

Advanced Micro Devices AMD recently announced that it has formed a strategic collaboration with ECARX, a global mobility tech company, to develop an in-vehicle computing platform for next-generation electric vehicles (EVs).