Sector Update: Tech Stocks Slump Late Afternoon

MT Newswires Live01-28

Tech stocks were in the red late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 5.2% and the SPDR S&P Semiconductor ETF (XSD) falling 8.9%.

The Philadelphia Semiconductor index tumbled 9.5%.

In corporate news, Meta (META) is expected to post better-than-expected Q4 earnings, though its revenue in Q1 could take a hit from forex pressure, BofA Securities said Monday. The Facebook and Instagram parent is scheduled to report Q4 results Wednesday. Meta shares were rising 1.3%.

Shares of major semiconductor companies fell amid the emergence of Chinese AI startup DeepSeek, which has launched an open-source AI model that can possibly run on less-advanced chips. DeepSeek's app was ranked first on Apple's (AAPL) App Store over the weekend, Wedbush said in a note Monday. Nvidia (NVDA) dropped 17%, Broadcom (AVGO) fell 17%, Micron (MU) was down 12%, and ASML (ASML) slumped 6.4%.

Emerson Electric (EMR) on Monday agreed to buy the remaining minority stake in Aspen Technology (AZPN) that it doesn't already own and take the industrial software company private in an all-cash deal worth $7.2 billion. Emerson shares shed 1.3% and Aspen popped 3.2%.

SoFi Technologies (SOFI) shares dropped past 9% after it guided 2025 earnings below analysts' estimates despite surpassing them in Q4.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2506582145?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-28 04:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2506582145","market":"sg","top_or_hot":-1,"title":"Sector Update: Tech Stocks Slump Late Afternoon","media":"MT Newswires Live","content":"<html><body><p> Tech stocks were in the red late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 5.2% and the SPDR S&amp;P Semiconductor ETF (XSD) falling 8.9%.</p><p>The Philadelphia Semiconductor index tumbled 9.5%.</p><p>In corporate news, Meta (META) is expected to post better-than-expected Q4 earnings, though its revenue in Q1 could take a hit from forex pressure, BofA Securities said Monday. The Facebook and Instagram parent is scheduled to report Q4 results Wednesday. Meta shares were rising 1.3%.</p><p>Shares of major semiconductor companies fell amid the emergence of Chinese AI startup DeepSeek, which has launched an open-source AI model that can possibly run on less-advanced chips. DeepSeek's app was ranked first on Apple's (AAPL) App Store over the weekend, Wedbush said in a note Monday. Nvidia (NVDA) dropped 17%, Broadcom (AVGO) fell 17%, Micron (MU) was down 12%, and ASML (ASML) slumped 6.4%.</p><p>Emerson Electric (EMR) on Monday agreed to buy the remaining minority stake in <a href=\"https://laohu8.com/S/1F3.SI\">Aspen</a> Technology (AZPN) that it doesn't already own and take the industrial software company private in an all-cash deal worth $7.2 billion. Emerson shares shed 1.3% and Aspen popped 3.2%.</p><p>SoFi Technologies (SOFI) shares dropped past 9% after it guided 2025 earnings below analysts' estimates despite surpassing them in Q4.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sector Update: Tech Stocks Slump Late Afternoon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSector Update: Tech Stocks Slump Late Afternoon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-28 04:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech stocks were in the red late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 5.2% and the SPDR S&P Semiconductor ETF (XSD) falling 8.9%.The Philadelphia Semiconductor ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B7SZLL34.SGD","symbol_name":"Legg Mason ClearBridge - Value A Acc SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2506582145","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2506582145","pubTimestamp":1738011172,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Tech stocks were in the red late Monday afternoon, with the Technology Select Sector SPDR Fund  dropping 5.2% and the SPDR S&P Semiconductor ETF  falling 8.9%.The Philadelphia Semiconductor index tumbled 9.5%.In corporate news, Meta  is expected to post better-than-expected Q4 earnings, though its revenue in Q1 could take a hit from forex pressure, BofA Securities said Monday. The Facebook and Instagram parent is scheduled to report Q4 results Wednesday. Meta shares were rising 1.3%.Shares of major semiconductor companies fell amid the emergence of Chinese AI startup DeepSeek, which has launched an open-source AI model that can possibly run on less-advanced chips. DeepSeek's app was ranked first on Apple's  App Store over the weekend, Wedbush said in a note Monday. Nvidia  dropped 17%, Broadcom  fell 17%, Micron  was down 12%, and ASML  slumped 6.4%.Emerson Electric  on Monday agreed to buy the remaining minority stake in Aspen Technology  that it doesn't already own and take the indus","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","3NVD.UK":"LS 3X NVIDIA","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","META":"Meta Platforms, Inc.","2NVD.UK":"2X NVIDIA ETP","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","ASML":"阿斯麦","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4597":"股息贵族","AVGO":"博通","LU1923622291.USD":"Natixis Thematics Safety R/A USD","XLK":"高科技指数ETF-SPDR","NVIW.SI":"NVDA 3xLongSG261006","XSD":"SPDR S&P Semiconductor ETF","LU1261432733.SGD":"Fidelity World A-ACC-SGD","SNVD.UK":"LS -1X NVIDIA","SOFI":"SoFi Technologies Inc.","MU":"美光科技","NVD":"GraniteShares 2x Short NVDA Daily ETF","NVDD":"Direxion Daily NVDA Bear 1X Shares","LU2279689827.SGD":"JPMorgan Investment Funds - Global Income Sustainable A (mth) SGD-H","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","EMR.AU":"EMERALD RESOURCES NL","LU0784383803.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A\" (USD) INC A","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","NVD2.UK":"2X NVIDIA ETP","EMR":"艾默生电气","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","MACW.SI":"APPLE 3xLongSG261006","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","NVDS":"Tradr 1.5X Short NVDA Daily ETF","NVDU":"Direxion Daily NVDA Bull 2X Shares","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","03165":"华夏欧优股对冲","AZPN":"艾斯本","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF","NVDA":"英伟达","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","NVD3.UK":"LS 3X NVIDIA","NVDS.UK":"LS -1X NVIDIA","AAPL":"苹果"},"translate_title":"行业更新：科技股午后暴跌","themeId":"31d02b624e7b0f4218c4a767ab31a7e1","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XSD":1,"EMR.AU":1,"AAPL":1,"XLK":1,"ASML":0.9,"AVGO":0.9,"AZPN":0.9,"SOFI":0.9,"EMR":0.9,"META":0.9,"MU":0.9,"NVDA":0.9,"MACW.SI":0.6,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"NVIW.SI":0.6,"SNVD.UK":0.6,"2NVD.UK":0.6,"3NVD.UK":0.6,"03165":0.6},"content_text":"Tech stocks were in the red late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) dropping 5.2% and the SPDR S&P Semiconductor ETF (XSD) falling 8.9%.The Philadelphia Semiconductor index tumbled 9.5%.In corporate news, Meta (META) is expected to post better-than-expected Q4 earnings, though its revenue in Q1 could take a hit from forex pressure, BofA Securities said Monday. The Facebook and Instagram parent is scheduled to report Q4 results Wednesday. Meta shares were rising 1.3%.Shares of major semiconductor companies fell amid the emergence of Chinese AI startup DeepSeek, which has launched an open-source AI model that can possibly run on less-advanced chips. DeepSeek's app was ranked first on Apple's (AAPL) App Store over the weekend, Wedbush said in a note Monday. Nvidia (NVDA) dropped 17%, Broadcom (AVGO) fell 17%, Micron (MU) was down 12%, and ASML (ASML) slumped 6.4%.Emerson Electric (EMR) on Monday agreed to buy the remaining minority stake in Aspen Technology (AZPN) that it doesn't already own and take the industrial software company private in an all-cash deal worth $7.2 billion. Emerson shares shed 1.3% and Aspen popped 3.2%.SoFi Technologies (SOFI) shares dropped past 9% after it guided 2025 earnings below analysts' estimates despite surpassing them in Q4.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2506582145"}