Bitcoin Tops $80,000, S&P 500 Slips as Yields Reclaim 5%: Stock Market Today

Chip Stocks Endure Longest Losing Streak Since 2006 as CoreWeave Credit Concerns Mount: This Week on Wall Street

The iShares Semiconductor ETF is on a nine-session losing run unseen since May 2006, as the KOSPI posts its worst week since 2008, optical names suffer dot-com-era drops and Bank of America sees a Cisco echo.

Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Elevated borrowing costs could pressure semiconductor manufacturing and AI infrastructure investments while straining customer budgets. The Philadelphia Semiconductor Index (SOX) has declined for seven consecutive trading sessions, matching its longest losing streak since the 2008 financial crisis.

Needham Maintains Buy on Applied Materials, Lowers Price Target to $580

Needham analyst Charles Shi maintains Applied Materials (NASDAQ:AMAT) with a Buy and lowers the price target from $740 to $580.

Lam Research Stock Hits Longest Losing Streak Ever: Are There Buyers Around?

Lam Research stock is on track for a ninth straight loss, a first since 1984. Benzinga’s 22 analysts see a $346 average target and 26% upside.

Not Alphabet. Not Microsoft. This Is the Cloud Stock I'd Buy With $5,000 Right Now.

Oracle is positioned as an attractive cloud computing investment alternative to Alphabet and Microsoft, with its cloud infrastructure business growing 121% and a record $664 billion backlog. However, heavy data center spending has pushed free cash flow negative, raising questions about whether Oracle can convert its customer commitments into sufficient profits.

'Anthropic quietly pitches its own AI safety bill to lawmakers'- Politico

https://www.politico.com/news/2026/10/16/anthropic-ai-safety-01124654