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Western Digital Corporation (NASDAQ:WDC) shares declined sharply Monday, tracking a sector-wide selloff in memory and storage stocks after China's ChangXin Memory Technologies surged more than 500% in its Shanghai IPO debut, reviving fears of Chinese competition in commodity NAND and DRAM markets.
Sandisk Corporation (NASDAQ:SNDK) shares tumbled further Monday, extending a sector-wide selloff in memory and NAND names that intensified following China's ChangXin Memory Technologies' blockbuster Shanghai IPO debut. CXMT surged more than 500% in its listing, briefly valuing the company near $540 billion.
SK hynix Inc. (NASDAQ:SKHY) shares slid sharply Monday despite the announcement of a major deepened partnership with Nvidia, as investors instead focused on broader memory-sector valuation concerns and fresh competitive threats from Chinese memory manufacturers.
GlobalFoundries Inc. (NASDAQ: GFS) disclosed that Azar Samak L, the company's Chief Legal Officer, sold 335 ordinary shares on July 23, 2026, at $57.12 per share under a pre-arranged Rule 10b5-1 trading plan. The transaction, filed with the Securities and Exchange Commission on July …
China's CXMT became the country's most valuable listed company after its shares surged more than 500 percent in their Shanghai debut on Monday, highlighting fervent investor backing for a homegrown chip champion at the heart of Beijing's push for technological self-reliance. ChangXin Memory Technologies, …
CME Group (NASDAQ:CME) on Monday launched cash-settled single-stock futures on 55 US equities, along with micro-sized contracts on 22 names, marking the exchange's push into a market designed to let investors take leveraged long or short positions around the clock. Investors looking to wager …
CME Group (NASDAQ:CME) announced plans to launch Sorghum basis futures, with trading expected to start on August 24, 2026, pending regulatory review. Sorghum is a versatile commodity uniquely positioned to meet global demand from the domestic feed industry, the international export market, and, more …
The S&P 500 fell Monday as a plunge in chip stocks negated an earlier rally sparked by a decline in global oil prices. The broad market index was last down 0.1 percent, while the Nasdaq Composite slipped 0.2 percent, even as the Dow Jones …
Gossamer Bio, Inc. (NASDAQ:GOSS) shares jumped sharply Monday after the company announced a series of regulatory, strategic and corporate updates that investors viewed as materially de-risking its path toward commercialization. The centerpiece of the announcement was confirmation that, following a Pre-NDA Type B meeting …
The tech industry's spotlight on AI distillation is reshaping discussions around regulatory frameworks, with implications for various sectors. Lawmakers and tech leaders are closely examining the potential methods of governance, which could influence investment strategies and technological development moving forward.[CTA: Join our daily market …
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