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New Month, Same Jitters: AI Anxiety Creeps Into August
The Wall Street Journal12d agoneutral
New Month, Same Jitters: AI Anxiety Creeps Into August

Investors are kicking off a new trading month on an upbeat note. But that hasn’t stopped one of July’s most painful trends from carrying into August. Chip stocks and other companies tied to the AI trade are some of the biggest decliners today, with Micron Technology, Sandisk, Intel and Western Digital all down about 3% or more.

Wall Street ends higher as Amazon soothes AI jitters
Reuters Videos15d agoneutralVIDEO
Wall Street ends higher as Amazon soothes AI jitters

<body><p>STORY: Wall Street ended higher on Friday, with the Dow adding more than half a percent, the S&P 500 gaining seven-tenths of a percent and the Nasdaq climbing one percent.</p><p>:: Amazon</p><p>Amazon surged more than 15% after the tech giant posted its biggest quarterly revenue growth in over four years. Its results, along with a similar report from Microsoft this week, alleviated investor concerns about potential overspending on AI data centers.</p><p>Meanwhile, shares of Apple tumbled more than 7% after a disappointing forecast showed that the iPhone maker was struggling to secure enough components, as the AI-driven data center boom strains global supply chains.</p><p>Friday marked the end of a bumpy week for stocks that included a Fed policy meeting in which the central bank left rates unchanged - but with three dissenters pushing for a 25 basis point hike.</p><p>Dean Smith is chief strategist & portfolio manager at FolioBeyond.</p><p>"I think there was a decent case to be made that a hike is in order. Inflation, we had a slightly softer print on the most recent one, but inflation is now running well above Fed's 2% stated target. It's higher now than it was a year ago and it seems to be reaccelerating. [FLASH] So it was a close call probably, but I think, you know, if I had been on that voting committee, I would have voted for a rate hike as well."</p><p>:: Archive</p><p>Other stocks on the move Friday included Monolithic Power Systems, which rose more than 8% after forecasting third-quarter revenue above estimates.</p><p>But shares of GoDaddy slid nearly 17% after the domain registrar narrowed its annual revenue forecast.</p></body>

Amazon and Apple Deliver the Drama to Close a Turbulent Month
The Wall Street Journal15d agoneutral
Amazon and Apple Deliver the Drama to Close a Turbulent Month

A surge in Amazon stock Friday gave the Nasdaq enough momentum to obscure Apple slump. Beneath the surface of the Nasdaq composite’s 1% gain was a tug of war between Apple stock, which fell 7.4%, and Amazon’s which surged 15%. The post-earnings slide, Apple’s largest since 2014, followed company forecasts for its September quarter that fell short of Wall Street’s expectations.

U.S. Stocks Rise as Amazon Earnings Offset Apple Chip Woes
The Wall Street Journal15d agoneutral
U.S. Stocks Rise as Amazon Earnings Offset Apple Chip Woes

U.S. stocks rose despite a rout in Apple shares as Amazon’s earnings kept the artificial-intelligence recovery rolling. The broad S&P 500 gained 52.09 points, or 0.70%, to 7489.72 and the tech-heavy Nasdaq Composite added 251.68 points, or 1%, to 25373.85. The yield on the 30-year bond rose 0.068 percentage point to 5.274%, completing its largest monthly gain since December 2024.