Asian stocks rise as tech tracks Nvidia rally; Japan surges on soft inflation
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- S&P, Nasdaq end lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices finish 1% lower 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
Apple suppliers slide after analyst iPhone 16 warning
September 16, 2024 2:00 PM EDTShares of key Apple (NASDAQ: AAPL) suppliers slid on Monday following a cautious note from TF International Securities, which indicated that demand for the iPhone 16 Pro series was lower than expected.
Cirrus Logic, Inc. (NASDAQ: CRUS) dropped 6.4%, Qorvo (NASDAQ: QRVO) fell 7.4%, Skyworks Solutions (NASDAQ: SWKS) declined 6.7%, Micron Technology (NASDAQ: MU) slipped 5.2%, Broadcom (NASDAQ: AVGO) dipped 2.7%, and Taiwan Semiconductor (NYSE: TSM) shed 2.9%.
The analyst note... More
