Bloomberg Surveillance TV: August 18th, 2025
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26 minutes ago
- Yahoo
Palantir stock falls 9%, extending losing streak to 5 trading days, as tech trade cools
Palantir (PLTR) stock fell more than 9% in afternoon trading on Tuesday, putting shares on track for their fifth-straight losing session as investors continue to rotate away from some of the hottest tech names that have powered stocks to all-time highs in 2025. Palantir stock rose more than 150% from its April low through its second quarter earnings report, which saw the company's revenue top $1 billion in a single quarter for the first time. Data from market data provider Barchart showed Tuesday's slide would mark Palantir's longest losing streak since March. Palantir was also under pressure after a bearish report by short-seller Citron Research published Monday predicted a price target of $40. The firm's founder, Andew Left, called the target "generous." Citron said it derived its price target based on comparing Palantir to OpenAI's ( recent $500 billion valuation as the ChatGPT giant looks to sell several billion dollars of stock. Palantir is not alone in seeing some investors move away from the stock in recent days. The Technology Select Sector SPDR Fund (XLK), which tracks technology stocks, was down more than 1.5% in mid-day trading on Tuesday. AI superstar Nvidia (NVDA) was down more than 3%, its chip rival AMD stock fell more than 5%. Meta (META) — which has thrown huge sums of CapEx into AI talent retention — saw shares down 1.8%. The tech sector as a whole has lost more than 2.5% over the last 5 sessions. The pressure on AI names comes at a moment when the broader market rally is starting to show signs of rotation beyond Big Tech. After months of concentration in a handful of growth giants, sectors like Healthcare (XLV) and Homebuilders (XHB), along with small- and mid-cap stocks, have taken on a larger role in driving this summer's move to record highs. On Tuesday, leadership was concentrated in more defensive corners of the market, with Real Estate (XLRE), Utilities (XLU), Materials (XLB), Consumer Staples (XLP), and Healthcare among the biggest gainers. But given Big Tech's outsized weighting in the index, if the group isn't leading, gains in the S&P 500 are unlikely to be as sharp or one-sided as they've been over the past two years — a dynamic on display in Tuesday's trading. The tech-heavy Nasdaq was also taking on the heaviest losses, falling nearly 1.5% in afternoon trade. Some strategists, however, see this shift as a healthier sign for markets. Citi strategist Scott Chronert framed the moment as 'two parallel paths' for the S&P 500 — one still led by AI-fueled growth giants and the other increasingly supported by more traditional, economically tied sectors. 'The simple answer is that we see ongoing Mega Cap Growth participation, if not leadership, but with fundamental and performance broadening creating a more durable structural setup,' Chronert wrote in a Friday note. 'The healthiest path to higher index levels is a combination of Growth/Tech leadership persisting but with other areas of the market additive more so than has been the case this past year.' Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Solana News: Network Smashes 100K TPS, SEC Gives New ETF Shocker
Solana's institutional products crossed $1 billion in 2025 inflows while it's clocking crazy performance and adoption numbers. Market Overview Bitcoin's brief rally to a record $124,000 on Aug. 14 was short-lived, with prices slipping below $115,000 as hotter-than-expected inflation data cooled risk appetite across markets. The pullback rippled across the market, with Solana's ecosystem seeing a 15% drop in trading volume week-on-week, while its total market cap improved from $258 billion to $265 billion. At the regulatory level, the SEC postponed its decision on Solana ETF proposals from Bitwise and 21Shares until October, keeping investors waiting. The U.S. state of Wyoming has launched the Frontier Stable Token (FRNT) on Solana and six other blockchains. FRNT is not yet available to the public due to regulatory hurdles. Source: DeFiLlama Beyond price and policy, it was a week that pushed Solana performance at full throttle. The result? The network officially smashed through 100,000 transactions per second during stress testing, providing tangible proof of its scalability edge. Speed is no longer just marketing fluff, but proven infrastructure. Institutional capital is taking note: Solana-based digital asset products crossed $1 billion in year-to-date inflows, with $176.5 million flooding in just this past week. That's the second-highest weekly flow ever recorded. The corporate treasury trend is gaining serious momentum. DeFi Development Corp expanded its holdings to 1.42 million SOL worth $263 million. It is now pulling in $63,000 daily from staking rewards alone—not a bad passive income stream. Additionally, Sol Treasury Corp has increased its position to 14,905 SOL valued at $2.5 million. Let's unpack this week's key developments in the Solanaverse. Solana's Performance Despite this macro backdrop pressuring Bitcoin down, Solana powered through like a beast, climbing from $175 to $180 for a modest but welcome 3% weekly gain. Source: CoinMarketCap Investors are now focused on Fed Chair Jerome Powell's upcoming Jackson Hole speech on Aug. 22, where rate cut signals remain uncertain and every word carries weight for crypto. Will the Fed signal a pivot and unlock new momentum for Solana's ecosystem? L1 Ranking Update Solana's total value locked (TVL) slightly rose to $10.35 billion, ahead of Bitcoin in third place. Source: DeFiLlama DeFi Solana's weekly DEX trading volume is in the green, edging up 31% to hit $112 billion on the 30-day chart. Source: DeFiLlama $1.25 billion in USDC was minted on Solana in a single week, bringing the 2025 total to $24 billion and securing its spot as the second-largest stablecoin chain. Biggest Winners & Losers Of the top Solana ecosystems, Chainlink continues to march forward, with 15% gains. Top Performers Chintai (CHEX): +44.24% Useless Coin (USELESS): +34.78% Waves (WAVES): +27.41:% nubcat (NUB): +26.37% Biggest Losers WhiteRock (WHITE): -31.46% Mog Coin (MOG): -19.28% Loaded Lions (LION): -18.23% (PUMP): -18.16% SPX6900 (SPX): -17.96% Source: CoinMarketCap Latest Solana News Reclaims Solana Launchpad Dominance surged to 90% market share after LetsBonk's collapse from over 80% to just 3% in two weeks, with sharp declines in its transactions and active wallets. Marinade DAO Overhauls Tokenomics Marinade Finance approved MIP-11, redirecting all protocol fees to its treasury and launching a monthly $MNDE buyback program of up to 500 million tokens, expected to total around $5 million annually. What You Can Do Now Track the Jackson Hole symposium to stay ahead of potential market swings. Monitor Wyoming's updates to catch the FRNT stablecoin launch as soon as it goes live. Consider cutting back on leveraged trades to manage risk as volatility re-enters the market.
Yahoo
an hour ago
- Yahoo
The US is exploring a stake in Intel. It wouldn't be used 'to drum up business,' Treasury Secretary says.
Top Trump officials confirmed reports that the White House is considering taking a stake in Intel. If it were to happen, Treasury Secretary Scott Bessent said the US wouldn't pressure companies to buy Intel chips. A possible deal would be for the US to exchange $10.9 billion in grants for a stake. A US stake in Intel doesn't mean that President Donald Trump would put his finger on the scale for the beleaguered chipmaker. Treasury Secretary Scott Bessent said on Tuesday that while the White House wants to increase US-based production of semiconductors, it would not pressure companies to do business with Intel. "Yeah, the last thing we're going to do is put pressure, is to take a stake and then try to drum up business," Bessent said during an interview on CNBC. Bessent's comments come amid reports that the White House is discussing a deal that would give the US a 10% equity stake in Intel, potentially making US taxpayers Intel's largest shareholder. No announcement has been made, though Trump recently met at the White House with Intel CEO Lip-Bu Tan. Separately on Monday, Intel announced that SoftBank would make a $2 billion investment. Commerce Secretary Howard Lutnick is "ironing out the details," White House press secretary Karoline Leavitt told reporters Tuesday afternoon. "It is a creative idea that has never been done before to ensure we're both reshoring these critical supply chains while also gaining something for the American taxpayer," she said. Earlier Tuesday, Lutnick said if the US were to take a stake, it would not come with voting rights or anything akin to a so-called golden share. Instead, Trump wants to get something in return for the government grants Intel is set to receive. "America should get the benefit of the bargain," Lutnick said during a separate interview on CNBC. "I mean, that is exactly Donald Trump's perspective, which is, Why are we giving a company worth $100 billion this kind of money? What is in it for the American taxpayer?' And the answer Donald Trump has is we should get an equity stake for our money." Intel is set to receive roughly $10.9 billion in grants as part of the bipartisan Biden-era CHIPS Act. Trump and his team have been harshly critical of the law's design while supporting the broader idea of making more chips in the US. "I would say that the single point of failure for the global economy is that 99% of the advanced chips in the world are made in Taiwan," Bessent said. "And for national security, we have to stop that single point of failure." Asked about The Wall Street Journal editorial board calling the US government taking a stake in Intel "corporate statism," Lutnick said that the Trump White House simply wants something in return for the billions in grants. "We were giving away the money," Lutnick said. "Imagine this, look, the Biden administration was giving Intel money for free, and giving TSMC money for free, and all these companies just giving the money for free. And Donald Trump is saying, 'Hey, if we are going to give you the money, we want a piece of the action for the American taxpayers." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
