Arm, Goldman Sachs, KeyCorp rise premarket; Ford, Adobe, Nucor fall
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- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Needham Starts NeoVolta (NEOV) at Buy
'Too soon' to declare Arm Holdings (ARM) an AI winner says Bernstein
September 18, 2023 9:45 AM EDTBernstein analyst Sara Russo initiated Arm Holdings (NASDAQ: ARM) shares at Underperform with a $46 price target in a note Monday.
Russo told investors that while the expectations Arm will be a beneficiary from AI growth may be adding a premium to the share price,... More
Detroit 3 fall as UAW begins strike
September 15, 2023 8:44 AM EDTThe stock prices of Detroit automakers General Motors (NYSE: GM) and Ford (NYSE: F) have declined in pre-market trading Friday, while Stellantis (NYSE: STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.
Before the September 14th deadline at 11:59 pm ET, negotiations between the UAW and the management teams of Ford, General Motors, and Stellantis failed to reach an agreement on... More
