Chip stocks declined amid U.S.-China trade talks in Washington, D.C., with the Philadelphia semiconductor index dropping 0.3%. Qualcomm announced a renewal of its technology licensing agreement with Apple.
Everpure, an enterprise data storage provider formerly known as Pure Storage, saw its stock surge to record highs Thursday following an updated financial forecast presented at an investor day. The company attributed the momentum to growing demand for its flash-based storage solutions and software tools as enterprises seek to harness data.
Tesla will hold an event Thursday at 9 p.m. ET to showcase its new Semi truck factory in Sparks, Nevada, following recent demonstrations of the Cybercab robotaxi in Austin and preceding other model showcases. The company's stock has declined amid the parade of new vehicle announcements.
The Dow Jones Industrial Average and major stock indexes declined Thursday amid elevated Treasury yields and lower-than-expected jobless claims. Tech stocks including Nvidia, Amazon, and Sandisk led early losses, with the Dow falling 0.5% and the S&P 500 dropping 0.4%.
An FDA panel voted in favor of Grail's Galleri blood test, which screens asymptomatic patients for multiple cancers. The mixed vote represents a key step toward FDA approval for the early cancer detection technology.
President Trump and Chinese President Xi Jinping are meeting in Washington for the second time in 2026, with trillion-dollar AI infrastructure investments at stake. The summit presents implications for technology suppliers and U.S.-China relations as policy experts assess potential outcomes.
The Nasdaq reached a record high in a mixed market session Tuesday, with chip and AI stocks performing well while the Dow fell slightly due to losses in Cisco and financials. Crude oil prices continued declining, and Sandisk and Micron showed buy signals.
Twelve S&P 500 companies now have market values exceeding $1 trillion, including Apple, Nvidia, and Advanced Micro Devices, marking a significant milestone in corporate valuation.
Micron Technology has surged past its early buy point ahead of earnings, with an official buy point of 1,255 following a September 9 short-term high of 1,042.40. The stock shows strong technical strength with its Relative Strength line at a three-month high and an IBD Composite Rating of 95/99.
The Dow Jones fell 0.3% after President Trump threatened Iran in a UN speech, while medical diagnostics stocks Labcorp and Quest Diagnostics declined. Apple and Danaher traded near buy points amid mixed performance across major indexes.
Viking Therapeutics' stock surged on positive clinical trial results for its obesity drug VK2735, which showed strong weight-loss maintenance across different dosing schedules. The news caused shares of competitors Eli Lilly and Novo Nordisk to decline.
The Philadelphia semiconductor index (SOX) rose 3.7% Monday after its annual reconstitution, adding four new constituent stocks. The index is on pace for its fifth consecutive day of gains, with AMD among the gainers.
Nscale, a U.K.-based cloud computing company competing with CoreWeave and Nebius, filed for an IPO in New York seeking to raise up to $3 billion at a $30 billion valuation. The company is part of a wave of AI-focused 'neocloud' providers that build specialized data centers.
The Philadelphia semiconductor index (SOX) rose 3.1% for its third consecutive session Thursday, driven by positive AI data center spending forecasts. AMD was among the top gainers in the sector rebound.