What's Going On With Marvell Technology Stock Friday?
Marvell Technology (MRVL) rebounds after a sharp tech rout as investors return to oversold AI chip stocks. Read technicals and analysis.
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CoreWeave expands into physical AI and DARPA research while data-center partners deliver critical power capacity ahead of schedule.
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Marvell Technology (MRVL) rebounds after a sharp tech rout as investors return to oversold AI chip stocks. Read technicals and analysis.
The Nasdaq 100 had its worst day since 2020, but credit barely moved. S&P Global's Gavan Nolan tells Benzinga why three stocks stand out.
The Nasdaq dropped 5.5% following midterm election results, as investors feared political backlash against data center construction, particularly in Texas where the governor-elect proposed a temporary moratorium. Semiconductor stocks collapsed, with the VanEck Semiconductor ETF losing 11.2%. However, analysts argue this reaction is likely an overreaction, as AI demand remains strong and any slowdown would likely shift construction abroad rather than eliminate growth.
Following the midterm elections, certain stocks are positioned to benefit or suffer based on potential policy shifts. Retailers like Amazon, Shopify, and e.l.f. Beauty could gain from tariff rollbacks, while neoclouds like Space Exploration Technologies and other data center companies face headwinds from tougher permitting. Palantir Technologies may see slower government growth depending on administrative changes.
Core Scientific said on Thursday it plans to abandon Bitcoin mining entirely by year-end and reposition itself as a pure-play AI firm.
Core Scientific announced its third-quarter 2026 financial results, reporting revenue of $232.9 million and a net income of $1.18 billion, largely driven by a non-cash warrant gain. The company also confirmed plans to exit its Bitcoin self-mining business by the end of 2026 to focus exclusively on high-density colocation services.