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The markets are hunting direction this morning as technology stocks continue their downward descent. Software names are under pressure, including the likes of Microsoft (Nasdaq: MSFT | MSFT Price Prediction), on the AI fear trade. Chip/semiconductor software stocks are also under pressure, including companies such as Broadcom (Nasdaq; AVGO), Advanced Micron Devices (Nasdaq: AMD) and Micron (Nasdaq: MU), the latter of which is sinking by 3% today amid its $200 million AI memory chip capex blitz to get the supply chain moving. Safe-haven assets are also under pressure, including precious metals gold and silver as well as digital gold Bitcoin.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average:49,631.92 Up 100.75 (+0.20%)
Nasdaq Composite: 22,436.54 Down 114.26 (-0.51%)
S&P 500: 6,823.22 Down 10.95 (-0.16%)
Market Movers
Wedbush is touting Apple (Nasdaq: AAPL) stock, forecasting that the iPhone maker will roll out its AI solution in 2026 amid a strategic partnership with Alphabet’s (Nasdaq: GOOGL) Google and its Gemini assistant. Apple stock has been caught in the tech sell-off, but Wedbush says AI could boost the share price by up to $100 in the coming years.
Netflix (Nasdaq: NFLX) is down less than 1% today after Warner Bros. and Paramount resumed takeover talks.
Michael Saylor’s Strategy (Nasdaq: MSTR) has been at it again, adding to its balance sheet tally with another 2,486 Bitcoins, paying on average below $68,000 for each one, which could be a bargain if BTC returns to the $100,000 threshold. The latest buying spree buoys Strategy’s total portfolio to 717,131 BTC.
Ray Dalio’s stock portfolio as of year-end 2025 included stock leaders like Nvidia, Lam Research (Nasdaq: LRCX), Salesforce (NYSE: CRM), Google, Microsoft, Amazon (Nasdaq: AMZN), Adobe (Nasdaq: ADBE) and GEV (NYSE: GEV).
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