Shineco shares are soaring Wednesday after the company announced the launch of what it calls the world's first on-chain cell asset tokenization platform.
Shares of SoFi Technologies Inc (NASDAQ:SOFI) are falling Wednesday afternoon, swept up in a broader market sell-off impacting technology and growth-oriented stocks.
Dell Technologies shares are trading lower Wednesday afternoon. The stock is caught in a broader market downdraft that has impacted technology and AI-related stocks.
Shares of contemporary clothing brand Guess (NYSE:GES)
jumped 25.9% in the afternoon session after the company announced it has agreed to be taken private in a $1.4 billion deal. The transaction is a strategic partnership with Authentic Brands Group and a group of existing shareholders, including co-founders Maurice and Paul Marciano and CEO Carlos Alberini.
Shares of semiconductor company Semtech (NASDAQ:SMTC) fell 3.1% in the morning session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
Shares of online learning platform Udemy (NASDAQ:UDMY) fell 3.5% in the afternoon session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
Despite the downturn, some analysts viewed this as an opportunity to own some of the "Core AI winners." Dan Ives of Wedbush Securities commented, "In our view, the tech bull cycle will be well intact for at least another 2-3 years, given the trillions being spent on AI infrastructure/software/chips/power/apps looking ahead. This remains our tech playbook and investor roadmap."
Additionally, mixed earnings reports from retailers, such as Target, have added to the market's weakness. Investors are closely monitoring these reports for insights into the broader economic health and the potential impact of new tariffs on inflation.
Shares of earth imaging satellite company Planet Labs (NYSE:PL) fell 3.4% in the morning session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
Shares of customer engagement platform Twilio (NYSE:TWLO) fell 3.2% in the morning session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
Shares of data storage solutions provider Pure Storage (NYSE:PSTG) fell 3.4% in the afternoon session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
Shares of semiconductor testing company FormFactor (NASDAQ:FORM) fell 3% in the morning session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO)
fell 3.1% in the afternoon session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
Shares of low-code automation software company Appian (NASDAQ:APPN) fell 3.3% in the afternoon session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
