But no rally sequel: Wall Street lost the momentum on Wednesday. After the record hunting since spring, investors switched back a gear. The S&P 500 fell 0.3 percent to 6,638 points. The Nasdaq Composite lost 0.33 percent to 22,498 points, similar to the Nasdaq 100. The Dow Jones dropped 0.37 percent to 46,121 points. The indices are still near all -time highs, but the air becomes thinner.
Many strategists now warn of exaggerations. According to Bank of America, the S&P 500 is historically expensive after 19 out of 20 evaluation indicators. Piper-Sandler analyst Craig Johnson spoke at least of a “timeout” for the Rally.
Infront Nasdaq 100
(WKN: A0AE1X)
The focus was again, especially in the focus. Nvidia continued his loss phase and gave up almost one percent. The Chipriese thus ties in with the weakness of Tuesday, as concerns about a possible overheating of the AI market had burdened the course.
Made headlines Intel. The chip group rose by more than six percent after Bloomberg reported that there were discussions with Apple about an investment. The Californians had said goodbye to Intel processors years ago and have since rely on in-house developments, manufactured by TSMC. Apple’s entry into Intel would probably not be a return to Intel chips. According to insiders, the conversations are at an early stage. Intel is considered the key company in the US chip program-the state already holds ten percent. Nvidia (five billion dollars) and soft bank ($ 2 billion) had previously invested.
Microsoft Meanwhile, his AI strategy expanded. The group now integrates models from Anthropic into the 365 copilot. This opens for the first more alternatives to Openai, in which Microsoft has put over $ 13 billion. Analysts see an important step towards risk scattering in the cooperation with Anthropic-and a signal that the AI partnerships become more flexible.
Also Micron was in focus. Despite solid numbers and optimistic outlook, the share lost two percent – an indication that the expectations for the rally are extremely high.
Micron Technology
(WKN: 869020)
More about individual shares in the following articles.
