Wall Street mostly swept up last week’s tech wreckage Monday. Chip stocks kept tracking mud back through the house. About 7 in 10 S&P 500 stocks rose Monday, yet nearly every chip stock fell, and the group shed more than $400 billion in market value in a single session, by Yahoo Finance calculations. Intel (INTC)

Investors will be watching Apple’s margins for whether the company can absorb higher memory-chip costs. Big Tech’s AI spending is squeezing cash flow, pushing companies toward more borrowing and stock sales. Friday’s jobs report will help determine whether slowing hiring changes expectations for another Federal Reserve rate hike in December. Apple (AAPL) earnings on Monday,

Tech stocks aren’t getting shredded for any old reason. It’s actually very fundamental: Free cash flow is drying up for Big Tech leaders, and capex is rising dramatically. Investors are questioning whether this ratio is totally out of whack, given more realistic growth projections for AI. The combined capex of Amazon, Alphabet, Meta and Microsoft

Quick Read Marvell fell 14% in a week on Lumentum takeover reports, and with Lumentum’s $76 billion market cap, any deal would be a heavy lift. Marvell surged 132% year to date versus the S&P 500’s 11% gain but dropped 26% last month, leaving shares well below their $330 52-week high. Marvell’s $341 consensus target

Nvidia (NASDAQ: NVDA) has been a market-average stock this year, rising about 15.5% versus 13% for the S&P 500. Investors are used to huge outperformance, and this year hasn’t delivered that. However, I believe it could be coming in November. Nvidia reports Q3 earnings in November, likely around Nov. 18, if past earnings dates are

Costco (COST) and Walmart (WMT) are trading at fatter price-to-earnings (P/E) ratios than every single major high-growth hyperscaler: Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG), Meta (META), and Oracle (ORCL). Looking to get a sense of how bearish Wall Street has quickly gotten on the AI trade? This data point is it! 278.22 -4.10 (-1.45%) At

Moderna (NASDAQ:MRNA) stock, after a few years in the doldrums, has accomplished a major turnaround. The biotech company saw its stock soar in early pandemic days thanks to the development and commercialization of its coronavirus vaccine. It went on to become a blockbuster product. But when demand for the vaccine slipped later in the health

The S&P 500 (SNPINDEX:^GSPC) has risen around 11% this year as I write. And by one valuation gauge with data going back to 1871, investors have rarely paid more for it. That gauge is the cyclically adjusted price-to-earnings ratio (CAPE ratio), popularized by Nobel Prize-winning economist Robert Shiller. Rather than a year of profits, it

ASML Holding (NasdaqGS:ASML) drew fresh attention after CEO Christophe Fouquet tied executive pay to a new Workplace Experience Index that tracks employee morale, following a year of restructuring and planned cuts of about 1,700 management roles. Recent trading has been choppy for ASML Holding, with the share price falling 6.6% in the last session and

The Market You know that old joke: you want the good news first or the bad news first? Here’s the good news: I think the action the last two days of the week last week in tech stocks (Nasdaq) changed quite a few minds. Here’s the bad news: I don’t have any actual data to

Stock futures opened higher Sunday evening as Wall Street prepares for a week packed with Apple earnings, the midterm elections and $100 oil. S&P 500 futures (ES=F), Nasdaq 100 futures (NQ=F) and Dow futures (YM=F) were all higher, with the tech-heavy Nasdaq leading the way after last week’s AI selloff. The selloff that closed out