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Wall St ends mixed as tech megacap losses outweigh upbeat chip outlook
Reuters Videos56d agobullishVIDEO
Wall St ends mixed as tech megacap losses outweigh upbeat chip outlook

<body><p>STORY: U.S. stocks ended mixed on Thursday, with the Dow ticking up more than a tenth of a percent, while the S&P 500 closed flat and the Nasdaq dropped nearly half a percent.</p><p>Technology shares reversed early gains to move lower, as investors worried about hyperscaler spending on AI and who foots the bill.</p><p>:: Micron</p><p>Those fears outweighed upbeat signals on AI demand from Micron, which gained nearly 16%, while shares of Sandisk soared 22%.</p><p>Brian Mulberry, chief market strategist at Zacks Investment Management, notes that it's memory chip makers that are now leading the charge.&nbsp;</p><p>"What's different about Micron, SanDisk, Western Digital, those types of names that are doing so well is that they're memory chips. And you have to have memory, specifically DRAM or H-band memory, if you're going to have enough computing power to do all the computations. That is nothing if you don't have memory to transfer it from one place to another. So one of the reasons that these stocks have done so well and the growth at Micron is so solid is because a recent redesign in the server technology means we go from eight memory chips per server to 96. That's 12 times growth in demand for this one simple component."</p><p>The surging prices of memory and storage chips prompted Apple on Thursday to hike prices for its iPads and MacBooks. That weighed on the stock, sending it down more than 6%. Shares of Nvidia, Microsoft and Alphabet also dropped.</p><p>:: Archive</p><p>Among other movers, shares of Bio-Techne jumped after Merck agreed to acquire the biotech firm for $73 per share in cash, representing a total enterprise value of about $11.3 billion.</p><p>:: Archive</p><p>Meanwhile, U.S. Department of Commerce data on Thursday showed the annual inflation rate through May rose above 4% for the first time in three years, but oil prices this week fell to below pre-war levels.</p></body>

6-26-2025: AI Crosscurrents, Broadening Rally + Small Caps Rise
NYSE56d agobullishVIDEO
6-26-2025: AI Crosscurrents, Broadening Rally + Small Caps Rise

Eric Criscuolo, NYSE Market Strategist, recaps a volatile week as the S&P 500 declined amid weakness across mega-cap and AI-linked names. A growing divide within the AI trade emerged, with hyperscalers and software under pressure while memory and chip suppliers saw sharp swings. Despite index weakness, market internals held firm, with eight sectors higher and small caps outperforming. Rotation into Healthcare and Financials accelerated alongside falling oil prices, easing yields, and shifting Fed expectations. Focus now turns to quarter-end flows, key data including payrolls, and evolving AI spending trends.

3 Reasons to Sell FRME and 1 Stock to Buy Instead
StockStory56d agoneutral
3 Reasons to Sell FRME and 1 Stock to Buy Instead

First Merchants’s 11.3% return over the past six months has outpaced the S&P 500 by 5%, and its stock price has climbed to $42.59 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.

3 Reasons USFD is Risky and 1 Stock to Buy Instead
StockStory56d agobullish
3 Reasons USFD is Risky and 1 Stock to Buy Instead

Since June 2021, the S&P 500 has delivered a total return of 72%. But one standout stock has doubled the market - over the past five years, US Foods has surged 146% to $95 per share. Its momentum hasn’t stopped as it’s also gained 24.4% in the last six months, beating the S&P by 18.1%.