Declining chip stocks are leading the sell-off, while oil prices are rising due to geopolitical factors, benefiting from tech rotation.

The entities involved

• AMD →

  American multinational semiconductor company

  • Companies AMD, Nvidia, and Caterpillar are competing to supply necessary components for AI infrastructure, which relies heavily on heavy machinery and construction.11:25
  • AMD announced an AI inference partnership with Cerebras, while also publicly challenging Nvidia in the AI infrastructure market.00:31
• Lam Research →

  American company

  • AI stocks, including Lam Research, Amazon, and Meta, are performing strongly, influenced by FED policy and election dynamics.Fri 15:51
  • Supply chain warnings are causing a market downturn across the semiconductor industry, impacting major chip companies.Fri 15:21
• ExxonMobil →

  American multinational oil and gas corporation

  • Arbitration tribunal registered at the PCA regarding alleged corrupt contracts involving Shell and ExxonMobil concerning the Kashagan reserve in the Caspian Sea.23:21
  • Irfaan Ali is President of Guyana, and ExxonMobil operates under the Stabroek Block PSA.09:06
• Apple Inc. →

  American multinational technology company based in Cupertino, California

  • Apple Inc. is warning customers about a scam, with the Federal Trade Commission reportedly having reported losses beforehand.17:23
  • Kaspersky warns users about fraudulent websites specifically designed to target Apple users.17:23

Related events

• The semiconductor sector is experiencing a downturn, leading to market volatility and affecting major chip companies like AMD, Nvidia, Intel, and Broadcom.Jun 10
• A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Jun 23
• Nvidia, Broadcom, Marvell Technology, AMD, and Qualcomm are currently competing in the high-stakes AI chip market.Jul 18
• Semiconductor stocks drove tech rally gains while the Iran war caused surging inflation concerns and boosted crude prices.Jun 30
• Companies are scheduled to report earnings this week, with chipmakers and memory makers leading a sector recovery.Tue 02:35