Derrick Patel5 min read
QQQ dropped 1.17% to 705.18 USD on June 21 as a two day technology selloff exposed doubts about AI monetization, rising inflation, and the prospect of Federal Reserve rate hikes.…
Arnold Tucker5 min read
QQQ dropped to 706.61 USD on June 21, about 5.6% below its 52-week high, as AI-related selling hit Nvidia and Oracle hard. With an RSI of 46.52 and a neutral…
Arnold Tucker6 min read
Cerebras Systems beat Q1 revenue estimates in its debut earnings report, but shares plunged more than 17 percent after the AI chip company guided for sharply lower gross margins in…