
Tech Stocks Tumble as Broadcom Plunge Rattles Market
Technology stocks led a broad market decline on Friday, with the Nasdaq falling 1.7% after Broadcom's shares plunged over 11% on a weak outlook.
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Technology stocks led a broad market decline on Friday, with the Nasdaq falling 1.7% after Broadcom's shares plunged over 11% on a weak outlook.

Wall Street analysts are significantly raising their price targets for Micron Technology, with some reaching $300, driven by soaring AI-related demand for memory chips.

IBM has announced an $11 billion all-cash deal to acquire data streaming company Confluent, a strategic move to significantly boost its AI and cloud offerings.

A new Medicare pilot program using AI to approve or deny medical care is facing backlash from doctors who fear it will create barriers to treatment for seniors.

SoundHound AI has reported a 68% year-over-year revenue increase to $42 million, but its stock has declined 44% year-to-date amid concerns over its net loss.

U.S. stocks closed higher on Tuesday, driven by a strong rebound in technology shares and a 7% surge in Bitcoin as investors grow more hopeful about a Fed rate cut.

Ark Invest, led by Cathie Wood, made significant investments in late November, purchasing over $56 million in Google shares and millions more in crypto firms.

Cathie Wood's ARK Invest has acquired a $24 million stake in AI infrastructure firm CoreWeave, despite the stock's recent 42% plunge after a revised sales forecast.

Investors are closely watching Nvidia's earnings as a key test for AI enthusiasm, while major retailers like Target and Lowe's signal caution by lowering forecasts.

U.S. stock markets fell sharply as investors grew nervous ahead of Nvidia's earnings and a wave of delayed economic data, raising concerns about tech valuations.

U.S. markets recorded their worst day since October, driven by a sharp sell-off in AI and technology stocks amid growing concerns over high valuations.

Advanced Micro Devices has doubled its forecast for the AI data center market to $1 trillion and announced key partnerships, signaling a serious challenge to Nvidia.