SanDisk stock (NASDAQ: SNDK) tanked roughly 20% on Thursday in a brutal reversal that caught many investors off guard. The memory chip maker had been riding high just days earlier on strong Q1 earnings and exceptionally bullish guidance for Q2, with stock price targets from top analysts ranging as high as $230-$300. Then came November
Asian semiconductor stocks faced sharp declines on Friday after Nvidia’s unexpected drop on Wall Street triggered a broad sector-wide pullback, despite the US chip designer posting stronger-than-expected earnings and offering an upbeat outlook. The retreat was led by steep losses in Japan’s SoftBank, which fell more than 10% in Tokyo trading. Broad declines across major
Global economic developments unfolded across multiple regions on Friday, with US banks altering their support strategy for Argentina, Japan unveiling a sweeping stimulus package, OpenAI expanding its AI infrastructure footprint through a new partnership with Foxconn, and Singapore raising its 2025 economic outlook on stronger-than-expected growth. US banks scale back Argentina support package JPMorgan Chase,
Things used to be simple in the markets. AI would carry US stocks higher for a couple of years, regardless of what the economy looked like. But this story broke down in recent days, even with the king of AI stocks, Nvidia, delivering another strong set of numbers. The market cheered for an hour, and
Ocado share price continued its painful crash this week as it plunged to its lowest level since 2013. It has plunged from the pandemic high of 2,910p to the current 187p as setbacks accelerated. So, is it safe to buy the dip in this fallen angel? Ocado in trouble amid Kroger woes Ocado, a top
PayPoint share price suffered a big reversal after forming a triple-top pattern on the weekly chart and after publishing relatively weak financial results. PAY plunged by over 20% in its worst day in years. It moved to a low of 512p, its lowest point since June last year. PayPoint share price crashed after forming a
The UK has moved to broaden its digital safety net with the formal introduction of the Cyber Security and Resilience bill in Parliament. The proposal arrives at a time when attacks on business networks, public services, and critical infrastructure continue to rise, pushing the government to expand the scope of regulation. The bill focuses on
Bridgewater Associates founder Ray Dalio believes artificial intelligence spending has created bubble‑like conditions in financial markets. Yet despite the froth, he cautions investors against rushing to liquidate their holdings. Speaking with CNBC this week, Dalio argued that bubbles do not automatically translate into immediate losses, and that investors should remain disciplined rather than panic. His
Amazon’s recent workforce reduction has reshaped large parts of the company, with engineering roles emerging as the most affected category. The layoffs, announced last month, spanned cloud services, devices, advertising, retail and grocery businesses. State filings in New York, California, New Jersey and Washington confirmed that almost 40% of more than 4,700 cuts in those
JPMorgan strategists issued a stark warning this week: MicroStrategy risks exclusion from major equity indexes, potentially triggering a cascade of forced selling that could drain nearly $9 billion in passive fund holdings. The culprit isn’t business weakness; it’s the company’s extraordinary Bitcoin holdings, which now dominate its balance sheet and have prompted global index providers