Tech Stocks Plunge as AI Draws Blame
Nvidia fell 1.47% to $197.13 as a broad AI chipmaker selloff hit markets on June 21. With a P/E of 30.05, an RSI of 40.55 and a $4.85 trillion market…
Katelyn Marshall6 min read
AI chips
Katelyn Marshall6 min read
Cerebras (CWAN) Shares Sink as Margins Trail AI Chip Rivals
Cerebras Systems posted its first earnings as a public company and guided full-year gross margins well below Q1 levels and far behind Nvidia. Shares dropped more than 17%, landing near…
Mason Taylor6 min read
Micron (MU) Earnings Loom Amid Chip Sector Turmoil
Micron Technology trades at 1026.37 USD ahead of a critical earnings report, carrying a 1.19 trillion USD market cap built on AI memory demand. Analysts expect profit growth above 1,000%,…
Mason Taylor5 min read
OpenAI Custom AI Chip Targets Nvidia Dominance
OpenAI has unveiled Jalapeño, its first custom AI chip built with Broadcom. Developed in nine months, it targets inference workloads and claims to beat current state of the art processors,…
Mason Taylor4 min read
Cerebras (CERE) Margin Outlook Drags Stock Down 14%
Cerebras Systems stock has dropped 17.37% to $186.70, just above its 52-week low, after the AI chip designer guided for full-year gross margins of 38% to 41%, well below its…
Oscar Boyd5 min read
Cerebras Systems (CBRS) Stock Falls Despite Earnings Beat
Cerebras Systems beat Q1 revenue estimates with $193.4 million but shares plunged 16.8% as margin guidance for Q2 fell sharply to 36 to 38 percent, pushing CBRS to within striking…
Mason Taylor5 min read
Micron (MU) Memory Squeeze May Lift Earnings to 2028
Cantor Fitzgerald's CJ Muse argues Micron's memory cycle extends well past 2026, with supply staying tight through 2027 and a $200 EPS bull case for calendar 2027. Here is what…
Katelyn Marshall6 min read
Nvidia (NVDA) Banned Chips Double in Price in China
Nvidia's AI chips are reportedly selling at more than double list price on China's black market — a signal of severe supply constraints. Meanwhile, NVDA trades at $200.04, down 3.72%,…
Oscar Boyd4 min read