It was one of Wall Street’s hottest trades, but a trifecta of troubles has ushered in one of the steepest drawdowns for high-flying momentum stocks in years
Exxon and Chevron face a high-stakes earnings kickoff, balancing Wall Street’s demand for capital discipline against President Trump’s $100B investment push into Venezuela's oil sector.
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Madrid is grappling with a rare winter surge as Storm Kristin brings snow and hurricane-force winds. The flurry has triggered school closures, road blocks on the A-6, and significant delays for rail and air travel.
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Amazon Web Services, $AMZN, has been awarded a $581,318,585 firm-fixed-price contract to support the U.S. Air Force’s Cloud One Program, according to an announcement from the U.S. Department of War.
Nvidia $NVDA set to supplant Apple as TSMC’s top customer, signaling chip industry’s ‘changing dynamic’
Nvidia will become TSMC’s largest customer this year, according to analyst estimates and Huang himself. Apple is believed to currently be TSMC’s largest customer
Johnson & Johnson cruised past Q4 expectations, fueled by a surge in its oncology business. Newer cancer treatments are driving the growth, proving that J&J’s innovation pipeline is hitting its stride.
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A few software names are holding up well while most of the group is getting crushed.
Beachball-underwater action if the sector can start to find its footing
Jensen Huang said he’s not worried about California’s proposed 5% tax on billionaire wealth.
The Nvidia, $NVDA, CEO added: “We chose to live in Silicon Valley, and whatever taxes they decide to apply, so be it. I’m perfectly fine with it.”
$BBAI TA: Volume spike, +8% today. Price ~$5.8 near 50/200DMA. RSI ~47 (neutral). MACD flat but improving. Key: break above MAs with volume. Not advice
Market indicators suggest tech's dominance may fade in 2026. Experts point to a disconnect between tech stock prices and actual economic spending, alongside high valuations, as signs that a market rotation is nearing.
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