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Nasdaq Plummets Amid Chip Maker Sell-Off

Stocks fell sharply on Friday and closed the week with losses amid another round of selling of chip makers along with geopolitical tensions. The Nasdaq was the laggard as semiconductor manufacturers plunged on concerns that hyperscalers will invest less in AI infrastructure and worries about improving Chinese AI models. Meanwhile, pro-inflationary risks gathered momentum as the war in the Middle East continues and fuel costs pick back up. Adding another potential headwind, President Trump claimed in an address last night that China interfered in the 2020 presidential elections, risking the economic truce that has been holding since last year's tariff exchanges.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Netflixshares slid after the streaming giant forecast a, overshadowing an otherwise in-line quarterSpaceX, citing an issue with some of the enginesCDC issued aas it investigates a multistate outbreak of Cyclospora infections linked to lettuce served at Taco Belllocations in 5 statesTravelersjumped after reporting what its CEO calledAppleovertook Nvidiato once again be the2. WALL STREET CALLS:HSBCAppleto Buy on what the firm sees as an "operational turning point"AST SpaceMobileto Buy at B. Riley after 44% declineEchoStarto Strong Buy from Market Perform at Raymond JamesSonic Automotiveto Neutral at Seaport ResearchChili's parent Brinkerwith an Overweight at Stephens3. AROUND THE WEB:PayPalboard views Stripe-Advent bid as inadequate, Reuters reportsMetain talks with Anthropic on potential $10B computing power deal, NYT saysThe COO for WalmartU.S. to leave this week, WSJ reportsChevronexploring pipeline as Hormuz alternative, WSJ reportsACI Worldwideexploring sale of billing division, Reuters reports4. MOVERS:Nvidia, Intel, AMD, Broadcom, Marvelland Qualcommwere among theamid a broad unwind of the AI tech tradeCoca-Colashares slipped after the beverage company said it hasafter an unauthorized third party gained access to some of its systemsRegenxbiodeclined after an underwrittenof its common stock priced at $9.00 per shareDutch Brostraded higher after the stock was initiated with anat StephensSweetgreenbounced back from a four-day skid after U.S. authorities said a parasite outbreak that's sickened thousands across several states was traced torestaurants5. EARNINGS/GUIDANCE:Autolivfell after the airbag and seatbelt maker reportedthat narrowly missed consensus estimatesIntuitive Surgicaltumbled after the robotic-surgery company said it now expectsto fall near the midpoint of its guidanceStaar Surgicaldropped after the maker of implantable lenses postedAlcoareportedthat missed consensus expectationsRegions Financial, Fifth Thirdand Truist Financialwere among theQ2 resultsINDEXES:The Dow fell 406.55, or 0.77%, to 52,146.42, the Nasdaq lost 361.70, or 1.40%, to 25,520.24, and the S&P 500 declined 76.08, or 1.01%, to 7,457.69.

Nasdaq Falls Over 1% as Chip Makers Plunge

Stocks fell sharply on Friday amid another round of selling of chip makers and new geopolitical tensions. The Nasdaq was the laggard, falling over 1%, as semiconductor manufacturers plunged on concerns that hyperscalers will invest less in AI infrastructure and worries about improving Chinese AI models. Meanwhile, pro-inflationary risks gathered momentum as the war in the Middle East continues and fuel costs pick back up. Adding another potential headwind, President Trump claimed in an address last night that China interfered in the 2020 presidential elections, risking the economic truce that has been holding since last year's tariff exchanges.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Netflixshares slid after the streaming gianta second consecutive quarter of slowing sales growth, overshadowing an otherwise in-line quarterSpaceXscrubbed a, citing an issue with some of the enginesCDC issued aas it investigates a multistate outbreak of Cyclospora infections linked to lettuce served at Taco Belllocations in 5 statesTravelersjumped after reporting what its CEO called ""Appleovertook Nvidiato once again be the2. WALL STREET CALLS:HSBCAppleto Buy on what the firm sees as an "operational turning point"AST SpaceMobileto Buy at B. Riley after 44% declineEchoStarto Strong Buy from Market Perform at Raymond JamesSonic Automotiveto Neutral at Seaport ResearchChili's parent Brinkerwith an Overweight at Stephens3. AROUND THE WEB:PayPalboard views Stripe-Advent bid as inadequate, Reuters reportsMetato hire senior AWSexecutive amid cloud push, WSJ reportsThe COO for WalmartU.S. to leave this week, WSJ reportsChevronexploring pipeline as Hormuz alternative, WSJ reportsBPand ConocoPhillipsto announce major investments in Iraq, CNBC reports4. MOVERS:Nvidia, Intel, AMD, Broadcom, Marvelland Qualcommwere among the chipmakers extending their selloff amid aof the AI tech tradeCoca-Colashares slipped after theit has temporarily suspended production operations of its Fairlife milk after an unauthorized third party gained access to some of its systemsRegenxbiois trading lower after an underwritten publicof its common stock priced at $9.00 per shareDutch Brostraded higher after the stock wasat StephensTango Therapeuticsadvanced after Mizuhoon the cancer drug developer5. EARNINGS/GUIDANCE:Autolivfell after the airbag and seatbelt makerQ2 adjusted EPS that narrowly missed consensus estimatesIntuitive Surgicaltumbled after the robotic-surgery company said it now expectsto fall near the midpoint of its guidanceStaar Surgicaldropped after the maker of implantable lenses postedAlcoaQ2 adjusted EPS and revenue that missed consensus expectationsRegions Financial, Fifth Thirdand Truist Financialwere among the latest banks to reportINDEXES:Near midday, the Dow was down 0.18%, or 94.32, to 52,458.65, the Nasdaq was down 1.30%, or 337.34, to 25,544.61, and the S&P 500 was down 0.72%, or 54.41, to 7,479.36.

Dutch Bros to Acquire Phoenix East Valley Franchise, Plans to Complete 29 Shop Acquisition by Q3 2026

The company states: "Dutch Bros announced it has entered into an agreement to acquire the Phoenix East Valley franchise. After nearly 20 years with Dutch Bros, franchise owner Jim Thompson has decided to retire. As part of this transition, the Company expects to complete the acquisition of 29 shops in the third quarter of 2026, further expanding its company-operated shop footprint in a key growth market. The Company's 2026 guidance announced May 6, 2026 does not reflect this pending acquisition, which is subject to customary closing conditions."