Nvidia, Alphabet sit out megacap tech bounce as chip stocks sink
Jensen Huang, CEO of NVIDIA, speaks to reporters and answers questions during a brief press availability outside a Korean barbecue restaurant in Seoul, South Korea, on June 5, 2026.
Chris Jung | Nurphoto | Getty Images
Chip stocks sold off on Friday amid mounting concerns over the rising cost of artificial intelligence infrastructure.
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Read MoreBitcoin Spot ETFs Post Worst Month on Record With $4.5 Billion June Outflow
US-listed Bitcoin (BTC) exchange-traded funds (ETFs) recorded $4.5 billion in net outflows during June 2026. This was the worst monthly figure since the products launched in January 2024.
The redemptions coincided with a sharp price decline. Bitcoin fell 20.48% over the month, its steepest monthly drop since June 2022,
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Read MoreSensex Today | Stock Market Live Updates: Nifty rises above 23,900; KPIT Tech hits lower circuit
Sensex Today | Stock Market Live Updates: The markets are moving with some level of caution and a positive bias. The Nifty is moving with an uptick of over 50 points, rising towards the 24,000 mark. The Nifty Bank index is largely flat, trading around the 57,500 mark. M&M, Eternal and Nestle India are thetop gainers.
Read MoreMirae Asset NYSE FANG+ETF FoF leads overseas fund-of-funds mutual funds in three-year CAGR returns; delivers 43.8% gain
Mirae Asset NYSE FANG+ETF FoF delivered 43.8% CAGR returns over three years and 28.3% CAGR over the last one year, according to ACE MF data on July 6.
Moneycontrol Desk
July 07, 2026 / 13:27 IST
Mirae Asset NYSE FANG+ETF FoF currently leads the overseas fund-of-funds mutual fund category with a three-year CAGR return of 43.8 percent.
The Burst
Market Commentary: 1 Stock to Buy Above All Others
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has a track record that speaks for itself. Over the years, his investment decisions have consistently outperformed the broader market by an average factor of 2x annually since he took the helm.
Following its recent earnings report, a standout feature of Berkshire Hathaway now is its substantial cash pile.
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Read MoreThe Ivy
2x Champion Trader Goes SHORT
The wild statistics are flying now. At the depths of the price action on Friday, the bearish tape was as bad as any seen since the COVID lows.
2% corrections in the Dow Jones Industrial Average, NASDAQ and S&P 500 all signaled broad-based selling and the obliteration of just about every sector.
Nothing was left unscathed.
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