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Semiconductor stocks, including Nvidia, AMD, and Broadcom, are experiencing a selloff, impacting ETFs like VanEck Semiconductor ETF and iShares Semiconductor ETF. Despite positive earnings reports, the sector is down, with ProShares Ultra Semiconductors losing 26% and ProShares UltraShort Semiconductors gaining 28%. Broader market ETFs like SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw smaller declines.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 6:28 pm

DOCU

DocuSign, Inc. (NASDAQ:DOCU) shares rose after the company reported better-than-expected Q2 results and raised its FY 2025 revenue guidance. The stock is trading above its 50-day moving average, with analysts updating coverage following the earnings report.

Portfolio Pulse from Erica Kollmann

September 06, 2024 | 5:58 pm

AVGO

Analysts are optimistic about Broadcom Inc's (NASDAQ:AVGO) long-term potential, particularly its AI franchise, despite a recent dip in stock price. Multiple analysts have reiterated buy or overweight ratings, citing strong AI and VMWare performance. However, some noted that the recent earnings report did not meet all expectations.

Portfolio Pulse from Chris Katje

September 06, 2024 | 5:54 pm

QQQ

Micron Technology Inc (NASDAQ:MU) shares are down 3.92% due to a broader market pullback in semiconductor and AI-related stocks, influenced by Broadcom's earnings report. Slower-than-expected job growth data has led to reevaluation of potential Federal Reserve interest rate cuts, impacting growth stocks like Micron. Higher interest rates could affect demand for Micron's products. Investors can gain exposure to Micron through the Invesco QQQ Trust (NASDAQ:QQQ).

Portfolio Pulse from Henry Khederian

September 06, 2024 | 5:53 pm

BOWL

Bowlero Corp. shares surged after reporting better-than-expected Q4 revenue and issuing strong 2025 guidance. The company saw an 18.6% increase in sales and expects 2025 revenue to exceed analyst estimates.

Portfolio Pulse from Dylan Berman

September 06, 2024 | 5:50 pm

AVGO

DIA

IWM

NVDA

QQQ

SMCI

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SPY

The U.S. stock market experienced a significant downturn due to disappointing August jobs data, with major indices dropping over 1%. The Nasdaq 100 faced its worst week in two years, heavily impacted by a slump in semiconductor stocks. The iShares Semiconductor ETF and Nvidia saw notable declines. Investors moved towards cash and bonds, while commodities and cryptocurrencies also suffered losses.

Portfolio Pulse from Piero Cingari

September 06, 2024 | 5:46 pm

IOT

Samsara Inc. (NYSE:IOT) stock surged after the company reported strong Q2 financial results, surpassing expectations and raising its fiscal year guidance. The company reported an adjusted EPS of 5 cents, beating the 1 cent estimate, and revenue of $300.20 million, exceeding the $289.54 million estimate. Samsara also raised its FY25 revenue and EPS guidance, leading to a 15.8% increase in its stock price.

Portfolio Pulse from Dylan Berman

September 06, 2024 | 5:30 pm

AVGO

Semiconductor, hardware, and AI-linked stocks are experiencing a downturn, potentially influenced by Broadcom's earnings report.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:43 pm

AGX

BLMZ

BRZE

GCO

WHLR

U.S. stocks fell with the Nasdaq dropping over 400 points. Braze shares tumbled 17% after Q2 results, while Planet Labs fell 21% due to poor sales. BloomZ and Wheeler Real Estate saw significant gains. The U.S. economy added 142,000 jobs in August, with unemployment at 4.2%.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 4:22 pm

EQIX

NVAX

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TNON

WHLR

Benzinga's Stock Whisper Index highlights five stocks that are gaining investor interest: Oracle Corporation, Novavax Inc, Wheeler Real Estate Investment Trust, Equinix Inc, and Tenon Medical Inc. Oracle is expected to report strong earnings, Novavax received FDA authorization for its COVID-19 vaccine, Wheeler saw a lawsuit dismissal, Equinix issued green bonds, and Tenon announced a reverse stock split.

Portfolio Pulse from Chris Katje

September 06, 2024 | 4:08 pm