Market Movers

Qualcomm drops 11.6% as chip stocks pull back from record AI rally. Hot CPI inflation print sparks risk-off rotation. Stock had surged 60%+ in recent weeks, making it vulnerable to sharp reversal. US-Iran ceasefire concerns add to selling pressure.

Intel falls 8.1% as semiconductor selloff hits after record highs. Stock had more than doubled in past month and is up 220% in 2026. Apple deal momentum and AI narrative still intact but profit-taking accelerates on inflation concerns.

Micron drops 5.5% alongside broad chip selloff triggered by hotter-than-expected April CPI report. Concerns that government intervention could slow AI spending. Memory super-cycle thesis intact but near-term sentiment soured.

Oracle slides 4.6% in broad tech and semiconductor selloff. No company-specific news, dragged down by risk-off sentiment following hot inflation data and geopolitical concerns.

Oil surges 4.5% as US-Iran ceasefire collapse threatens Strait of Hormuz shipping. Brent crude trading near $107-110/barrel. Hot CPI print adds inflationary pressure. Geopolitical premium returning to energy markets.

MongoDB rises 4.5% after Citi opens positive catalyst watch and lifts price target. Stock up 17% over past week. 32 analysts maintain Buy consensus. Strong Atlas platform momentum and AI-driven database demand.

Eaton drops 4.4% despite raising 2026 guidance and strong Q1 results (revenue up 17% YoY). Broad market selloff and profit-taking after recent run-up outweighs fundamentally positive earnings report.

AMD falls 3.9% as profit-taking hits AI chip leader after recent rally. Strong Q1 2026 earnings with data center revenue jumping on MI300/MI350 accelerators. Analysts view dip as healthy pullback, not fundamental shift.