Magnificent 7 stocks have retreated sharply this year and erased over $2.3 trillion in value. The closely-watched Roundhill Magnificent 7 ETF (MAGS) dropped to $60.80 from the year-to-date high of $71.17. Most companies in the group have dived in the past few months. Nvidia, the world’s largest company, has dropped by nearly 20% from its
The recent US Supreme Court ruling on IEEPA tariffs has created a potentially significant refund opportunity for exporters worldwide, including those in India. While headline estimates suggest billions of dollars in duties could be reclaimed, the reality is far more complex, with eligibility hinging on shipping terms, importer status, and a multi-layered filing process. For
Wall Street opened little changed on Tuesday as investors entered the final trading session of the quarter. Markets remained on track to wrap up one of their strongest quarterly performances in years despite lingering geopolitical tensions and concerns over artificial intelligence spending. The Dow Jones Industrial Average was down 101 points while the S&P 500
Investors ended June on an uneasy note as concerns over the sustainability of the artificial intelligence boom, elevated interest rates and fears of rising inflation sparked sharp swings across US equities. But while the recent pullback dented sentiment, several strategists believe July could mark the beginning of a fresh leg higher for stocks, supported by
AeroVironment stock price surged in the extended hours, paring back some of the recent losses, after the company announced strong financial results amid the ongoing demand for drones. AVAV shares jumped by over 20%, its best daily performance this year. It reached a high of $168 from the year-to-date low of $135. AeroVironment stock jumps
The UnitedHealth Group stock price has embarked on a major rally in the past few months and has recently formed the encouraging golden cross pattern. UNH jumped to $420, its highest level since April 25. It has soared by 78% from its lowest level this year. Why UnitedHealth Group stock is soaring UnitedHealth Group, the
Corning stock price continued its strong bull run, making it one of the best-performing companies on Wall Street. GLW jumped to a record high of $255.70, up by 190% this year, with its market capitalization rising to over $220 billion. Corning has become a major player in the AI industry Corning, a top technology company,
Wells Fargo has increased its price target on Advanced Micro Devices to $615 from $505 while maintaining its Overweight rating, reflecting growing confidence in the company’s long-term server CPU business and continued demand driven by artificial intelligence (AI). AMD shares rose 2% on Tuesday’s trading after closing the previous session 3.4% higher at $539.49. Wells
SanDisk shares SNDK rose 4.9% in early trading on Tuesday after Bernstein raised its price target on the stock, citing durability in its future business model. The move comes as investors continue to assess the strength of the ongoing memory supercycle, driven by surging demand for components used in artificial intelligence data centers. SanDisk and
US stocks have been in sharp uptrend since late March and the momentum is unlikely to slowdown in the second half of 2026, says CFRA’s chief investment strategist Sam Stovall. In his latest report, Stovall maintained that the benchmark S&P 500 index will reach 7,730 by year-end, indicating potential upside of another 4% from current