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Asia's technology stocks pared an earlier rebound to trade mixed on Wednesday after global equities posted steep losses in the previous session.
By Shashwat Chauhan June 23 (Reuters) - U.S. chip stocks fell from record highs on Tuesday, but the broader market's initial slump brought out bargain-hunting investors, stemming the falloff in other companies central to the AI infrastructure rally that have powered the market over the last few years.
It's not time to leave the AI party yet, one chief investment strategist says, but while fundamentals are strong, he flags one sell signal to watch for.
There's a slew of tech stocks to buy heading into the second half, according to Bank of America. The firm says stocks like Nvidia are top ideas that offer plenty of upside potential. Other stocks screened by CNBC Pro and rated buy at Bank of America include: Meta,
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SpaceX stock drops 16.4 percent, erasing most of its early gains
SpaceX shares crashed 16.4% on Monday, erasing almost all the gains from its historic market debut. This brutal three-day slide has left the newly public stock trading at just $154.60. It is a swift comedown from its brief peak near $225,
Global tech stocks were roiled on Tuesday as investors dumped high-flying chip names, driving steep losses in the US after a brutal sell-off in Asia.
After weeks of large-scale alarms that turned out to be false starts, equities finally found a real problem — the one they spent two years celebrating.
