Over $1T wiped from US stock market in two hours as chip stocks crater

Rising rate hike expectations could dampen growth stocks and crypto, altering investment strategies amid tighter financial conditions. The post Wall Street declines as chip stocks fall, jobs data raises Fed rate hike expectations appeared first on Crypto Briefing.

The semiconductor sector's volatility highlights the fragility of market confidence, impacting investment strategies and sector stability. The post Micron Technology faces market-cap wipeout as Broadcom pressures chip stocks appeared first on Crypto Briefing.

Fundstrat technical strategist Mark Newton says the US stock market is poised to broaden beyond semiconductors and memory stocks, warning that tech has gotten “over its skis” after an 18% rally in eight weeks and is likely to consolidate through the summer. Speaking in a recent interview, Newton identified financials, industrials, consumer discretionary, and healthcare […] The post US Stock Market Could Broaden As Tech Sector Looks Primed To Consolidate This Summer: Fundstrat’s Mark Newton appeared first on The Daily Hodl.

Financial stakes of AI race rise as Elon Musk’s SpaceX, OpenAI and Anthropic are slated to go public this year Anthropic has filed confidentially for an initial public offering on the US stock market, the company announced Monday. The AI firm makes the Claude chatbot, popular with software engineers and other business clients, and has seen a meteoric rise this year. The company did not disclose the valuation it will target on the stock market, nor did it make public other terms of the offering. The startup announced on Thursday that it had raised $65bn in funding to value the company at $965bn post-money. Anthropic was valued at $380bn in February. Continue reading...

Philadelphia Semiconductor Index rides Big Tech’s data centre spending spree to 75% gains in 2026

After a recovery to nearly $78,000, Bitcoin witnessed another sudden pullback as the market turned highly bearish, bringing it closer to the $75,000 price mark once again. Meanwhile, due to recent developments in the US Stock market, the leading crypto asset could be set to experience more downside pressure in the upcoming sessions. Mounting Short […]

IPO filing from Elon Musk’s company reveals closer look at finances, cosmic ambitions and tech empire’s quirks SpaceX publicly released an investor prospectus on Wednesday as part of its plan for a $1.75tn debut on the US stock market next month, revealing unseen details about the finances and future plans of Elon Musk’s flagship company. In addition to new information on operating costs and revenue, the filing also included trademark Muskian sweeping proclamations about the universe and insights into some of the quirks of his tech empire. Scattered throughout the 300-plus-page prospectus are several disclosures and risk warnings that show the eccentricities of Musk’s company and its cosmic ambitions. Other financial details in the document highlight how interdependent Musk’s various businesses have become and the risks that they carry. Continue reading...

The post US stock market reels lower as Treasury yields soar appeared on BitcoinEthereumNews.com. The US Treasury market is rearing its head once again on Friday, this time causing a broad sell-off in US market indices. The NASDAQ Composite opened up close to 1.4% lower, while the S&P 500 and Dow Jones Industrial Average (DJIA) are both off between 0.5% and 1.0%. All three indices sold off much worse in the futures market, so there is reason to believe the indices will fall further as the regular session gets underway. The culprit? Treasury yields. The US 10-year has risen nearly 8 basis points to 4.57%, while the US 30-year yield is up about 1.6% to 5.11%. Many observers are pointing to political instability in the leadership of Prime Minister Kier Starmer in the United Kingdom (UK). Upheaval in his own Labour Party has led to further calls for Starmer to resign, pushing up Gilt yields. On the US side of the ledger, the NY Empire State Manufacturing Index for May came in Friday mornin