๐จ Premarket Movers: AI trade cooling off?
Semiconductor names are under pressure before the bell despite strong long-term AI demand signals.
๐ Intel ($INTC) dropped more than 4% premarket after a massive rally this year.
๐ Applied Materials ($AMAT) also slipped โ even after raising its annual sales forecast on booming AI demand.
๐ Nvidia ($NVDA) and AMD ($AMD) joined the broader chip-sector pullback.
Meanwhile:
๐ LVMH announced the sale of Marc Jacobs in an $850M deal.
๐ Stellantis revealed a new EV partnership with Chinaโs Dongfeng Group.
Investors appear to be rotating out of overheated AI names after months of explosive gains. The big question now: healthy consolidation or start of a deeper tech pullback?
#StockMarket #Premarket #AI #Semiconductors #Intel #Nvidia #AMD #AppliedMaterials #Investing #WallStreet
Semiconductor names are under pressure before the bell despite strong long-term AI demand signals.
๐ Intel ($INTC) dropped more than 4% premarket after a massive rally this year.
๐ Applied Materials ($AMAT) also slipped โ even after raising its annual sales forecast on booming AI demand.
๐ Nvidia ($NVDA) and AMD ($AMD) joined the broader chip-sector pullback.
Meanwhile:
๐ LVMH announced the sale of Marc Jacobs in an $850M deal.
๐ Stellantis revealed a new EV partnership with Chinaโs Dongfeng Group.
Investors appear to be rotating out of overheated AI names after months of explosive gains. The big question now: healthy consolidation or start of a deeper tech pullback?
#StockMarket #Premarket #AI #Semiconductors #Intel #Nvidia #AMD #AppliedMaterials #Investing #WallStreet
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