AI infrastructure names took the whole session: CoreWeave's 24% close led five double-digit gainers, while the deepest loser, GoPro, fell 18% to 69 cents. Nothing else on the downside lost more than 4.4%.
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AI infrastructure names are taking the whole top of the board at the open, led by CoreWeave's 10.5% jump the morning after its Q3 earnings filing. The downside is narrow by comparison: outside GoPro's 13% drop, no loser is worse than 4.3%.
An 11% slide off the October high puts the index at correction's doorstep, with the damage concentrated in chip and AI infrastructure names.
The Nasdaq 100 has dropped 11% since its October high. Some of the biggest losers: 📉 $LTE 📉 $INTC 📉 $SNDK 📉 $NBIS https://t.co/emrUa7ayAq
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AppLovin's 30.7% close to $355.27 topped a 380-name board where the spread ran more than 52 points, from that gain to Dutch Bros' 21.7% drop. Four other names shed at least 17%, so the damage was broad.
An 11.97% intraday drop takes roughly $14 billion off this memory name in a single session. Moves this size are rare here, and the open-to-now gap is what to measure against the next few sessions.
A 12.2% slide to $845.32 from a $962.77 open strips roughly $15 billion off this $120.3 billion memory name in one session. Moves this size are where the next leg gets decided, so keep an eye on the close.
Just unrealize it again bro
Margin calls did the damage: the trader was up $550,000 in September and sold into forced liquidation in October. Leverage turns a wrong-way earnings bet into a loss you do not get to wait out.
Intel closed down 29.27%, the widest single-session move across 380 priority names. Regeneron led the other direction, with chip and optics names filling out the downside.
We have started fiscal year 2027 with another quarter of strong performance, with robust and growing demand for our products driving outpaced growth in our data center business.
The Form 4 came first: Goeckeler filed a mixed insider transaction on September 21, then 39 days later told investors data center demand was outpacing the rest of the business. Selling into a $166 billion market cap ahead of that message is the kind of sequencing worth checking before you chase the NAND story.
Data center revenue of $4.80 billion jumped 61% sequentially, the sixth straight quarter SanDisk has beaten expectations as AI storage demand reprices NAND. December quarter guidance of $12.2 billion to $12.6 billion says the ramp is not done, and an 8-for-1 split lands November 19.
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