fromLondon Business News | Londonlovesbusiness.com
1 month agoBank of England may cut rates tomorrow - London Business News | Londonlovesbusiness.com
Chip names bore the brunt of the selling, with Micron -7%, Nvidia -4%, Intel -6% and Broadcom -3%. AMD fell 3.7% and extended its decline by another 5% despite beating estimates on revenues and earnings and raising its Q4 sales guide. Momentum tech suffered enormously with quantum stocks - adjacent to AI and bid up on speculative momentum - down about 10% yesterday. Palantir tumbled 8% and was down a further 3% in after-hours trading.