AppLovin (APP) Stock Slides as Market Rises: Facts to Know Before You Trade

Yahoo Finance06:45

"No one survives"! Popular Technology stocks fell across the board, with MSTR down over 7%, Palantir down nearly 6%, and NVIDIA down almost 5%.

Last Friday, the chip stocks that led the decline in the US stock market continued to fall, with Micron Technology dropping over 6% at one point; AppLovin, which had the highest increase in the Nasdaq last year, fell over 3% intraday; Algo "meme stocks" collectively experienced double-digit declines, with D-Wave Quantum falling over 30% intraday. Following last Friday's employment report that dampened rate cut expectations, the US stock market faced additional Bearish news: the Biden administration announced AI-related export controls; NVIDIA's new generation Datacenter chip was reported to have received order cancellations from customers due to malfunction.

wallstreetcn03:47

PUBG Developer Krafton Invests $136 Million in Game Studios, Expands AI Team for Future Gaming Innovations

Benzinga01:33

Don't Toss Pinterest or Etsy in the Shopping Cart Yet. Here's Why. -- Barrons.com

Barron'sJan 13 23:50

Shares of Technology Companies Are Trading Lower Amid the White House's Decision to Restrict AI Chip Exports.

BenzingaJan 13 23:40

AppLovin Is Maintained at Overweight by Wells Fargo

Dow JonesJan 13 23:30 · Ratings