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• Sector-wide pressure stems from reports Meta is building a cloud business to sell excess AI computing capacity.
• The stock had surged approximately 20% on June 25 following fiscal Q1 2027 earnings.
The broad-based selloff across semiconductor stocks continued into Thursday's premarket session as investors took profits in one of Wall Street's strongest-performing sectors. The weakness follows months of exceptional gains driven by artificial intelligence enthusiasm, with concerns emerging that valuations have moved well ahead of …
• Adobe (NASDAQ:ADBE) acquired Topaz Labs to add image and video enhancement technology to its Firefly AI ecosystem.
• Tesla (NASDAQ:TSLA) launched the Model Y L, a three-row, six-seat variant of its best-selling SUV, in the US and Puerto Rico.
• Amazon's Leo satellite constellation has surpassed 390 satellites following its 14th launch, with 394 currently in orbit of 398 launched since April 2025.
• Super Micro Computer said two employees at its Taiwan unit have been detained pending a court hearing, while two others were released on bail.
• CLVT shares closed up 16.67% today at $2.59, ranking among the top weekly performers tracked by Morningstar.
• The EU's top court upheld a 4.1 billion euro antitrust fine over Android practices.
• A research firm downgraded the stock from Strong Buy to Hold.
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