Business
Marvell Is No Longer A Marvelous Buy (Rating Downgrade)
InvestingPro Fair Value predicted 53% drop in Regencell stock
Tech stocks were on track to extend their recent slump on Friday as investors continued to fret about soaring memory-chip costs and wondered if the AI trading frenzy may be about to fizzle out.
Nasdaq 100 futures dropped 1.1%. S&P 500 futures were 0.5% lower. Dow Jones Industrial Average futures fell 63 points, or 0.1%.
The Nasdaq closed in the red on Thursday as investors ditched the Magnificent Seven group of mega-cap tech stocks. The selloff came after Apple said it would hike the price of MacBooks and iPads, highlighting the impact the memory-chip shortage could have on its bottom line.
Things aren’t looking good for the Nasdaq.
The tech-focused index is down 4.4% through Thursday—and premarket activity suggests more pain is on the way. Stock futures are lower, with chip stocks and memory makers among the biggest losers premarket.
If the losses hold through the session, that could put the index on pace for its biggest weekly drop since April 2025, when President Trump’s tariff war sent markets tumbling.
Citi says these beaten-down China internet stocks are worth buying on the dip
Fredrik Arnold is a former quality service analyst. He is now reporting investment ideas with a primary focus on dividend yields by utilizing free cash flow and one-year total returns as trading indicators. He is the leader of the investing group The Dividend Dog Catcher, where he shares a minimum of one new dividend stock idea per week with focus on yield or extraordinary financial circumstances. All ideas are archived and available after weekly announcement. Learn more.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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InvestingPro Fair Value predicted 53% drop in Regencell stock
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