Wall Street opens higher as chip stocks rebound before tech earnings
What's next: Investors are looking to upcoming big-tech results for signals on whether the AI-fueled rally can keep going.
Subject
#Wall Street
Chip selloff deepens as SOX enters bear market, Asian stocks fall
Why it matters: The Philadelphia chip index has dropped 20.2% from its June peak, pressuring AI-linked shares from Seoul to Wall Street.
Trump Media to sell real-time Truth Social feed to Wall Street
What's new: The paid API starts Aug. 1, and the company said some institutional customers have already signed up.
Bloomberg, CNBC +3
SK hynix jumps on Wall Street after record $26.5 billion US listing
What's new: The South Korean chipmaker topped Alibaba's foreign IPO record as investors piled into an AI-linked semiconductor play.
South Korea's KOSPI plunges 10% as chip stocks trigger trading halt
Why it matters: Samsung and SK Hynix now make up more than half the index, magnifying losses as AI-driven bets unwind.
Iran war hits 100 days as S&P 500 reaches new highs
Why it matters: Oil, bond and inflation risks remain elevated even as investors keep betting the conflict will stay contained.
Bloomberg, CNBC
Meta drops 5% after report of possible stock sale for AI spending
What's new: Meta is weighing a sale that could raise tens of billions as its 2026 capital spending target reaches as much as $145 billion.
Earlier: Meta falls more than 5% on report of possible AI stock saleSeries: Meta · AI Funding Stock Sale · 3 chapters since Jun 6