Dow Jones| Nasdaq | US Stock Market Today | Live: S&P 500 down, Nasdaq slides as AI chip worries persist
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Kalyan Jewellers reported strong first-quarter revenue growth, supported by resilient domestic demand, healthy international performance and rapid expansion of recycled gold usage. The company also added new stores and said it entered the current quarter with positive momentum ahead of festive demand.
Amazon is set to secure a minimum of twenty-five billion dollars through a U.S. bond initiative. This strategic decision is aimed at bolstering the company’s burgeoning investments in artificial intelligence infrastructure. As the tech landscape evolves, major players such as Meta and Alphabet have also turned to debt markets to fuel their AI ambitions. The…
Profit booking and weak Asian markets capped gains as investors awaited the US Fed minutes, while IT stocks remained resilient ahead of quarterly earnings. Technical analysts recommend buying 360 One Wam and HFCL, citing bullish trends, strong momentum and favourable chart patterns.
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The Nasdaq opened lower on Tuesday amid declining chip stocks, with investors questioning the momentum of the AI-led rally despite Samsung’s strong earnings, while a report on China’s DeepSeek making its own AI chip also hit sentiment.
Global semiconductor stocks fell sharply as Micron and Intel dropped up to 8%, tracking weakness in Asian peers despite strong Samsung earnings. Investors are reassessing valuations after a strong AI-led rally, while concerns over custom chip development and future demand are making markets more selective towards AI-linked semiconductor companies.
BlackRock is launching the iShares Nasdaq 100 ETF to capitalize on strong demand for AI-driven technology stocks. The fund will compete with established Nasdaq-100 offerings from Invesco and State Street, expanding BlackRock’s lineup of index-based investment products.
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The government’s Cochin Shipyard offer for sale drew robust institutional demand, with the non-retail portion subscribed 3.52 times, prompting the full green-shoe option. Retail bidding opens next, while the sale advances the government’s disinvestment and public float expansion objectives.