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Semiconductor Stocks Fall, Tesla Sinks, Moderna Gains
Description
On this episode of Stock Movers:
- Shares of semiconductor companies are down on Thursday, after the Information reported that Anthropic started early-stage work on its own AI chip and held talks with Samsung Electronics as a potential manufacturing partner. The report cited three people familiar with the matter. Among notable movers: Micron -3.1%, Sandisk -9%, Western Digital -4.9%, Seagate -5.3%, Intel -2.9%, Nvidia -0.6%, AMD -3.9%, Broadcom -0.5%
-Tesla shares decline as much as 8.3% Thursday — the most intraday since last July — after the electric vehicle company’s second-quarter delivery beat failed to impress investors.
- Medical and pharmaceutical stocks gained as investors were looking to rotate into defensive sectors. Moderna (MRNA) rose 8.5% and was the top performer in the S&P 500. Universal Health Services and HCA Healthcare also were among the top S&P 500 stocks in the trading session.
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