QtrendsInvestors who rode the Trump trade suffered heavy losses as stocks and crypto collapsed, raising fears of a double-bubble burst. Samsung posted record quarterly earnings but shares plunged on oversupply fears, dragging AI stocks lower. SpaceX joins the Nasdaq 100 as tech selloff continues. Microsoft cuts 4,800 jobs in a major restructure of its gaming division.
Forbes reports that investors who bought Trump-linked stocks and crypto are now broke as the rally reverses sharply. MarketWatch warns that a double-bubble burst in stocks could trigger the next major crash. Data from Business Today shows the worst-case drawdown scenarios for flexi cap fund investors, adding to the growing anxiety in risk assets.
Samsung Electronics reported a staggering 1,800% profit surge driven by AI chip demand, but the strong forecast failed to impress markets. Shares slumped 6.9% as analysts flagged oversupply risks for memory chips. The selloff dragged broader AI stocks lower, with AP News reporting a sector-wide decline.
SpaceX is set to join the Nasdaq 100 index, marking a milestone for the privately-held space giant. Analysts at CNBC and CNN break down what the inclusion means for the stock. The announcement comes as the broader tech sector suffers from a selloff that erased Dow gains and dragged the S&P 500 and Nasdaq lower.
Microsoft announced 4,800 job cuts, with significant reductions across its Xbox division as part of a 'reset' of its gaming strategy. The move includes shuttering several game studios and shrinking the Xbox hardware team. BBC and NYT report the cuts mark one of the biggest restructures in Microsoft's gaming history.