MarketCatalystU.S. stocks fell at midday Thursday as AI-spending worries hit chipmakers and Meta, with Moderna, TTM Technologies and Carpenter Technology plunging, while Spotify, Kohl's and Biohaven jumped and defensive and housing stocks rallied.
Shares of TTM Technologies plunged about 29% on Thursday even after record third-quarter sales, an earnings beat and a raised 2026 outlook, as investors focused on a slightly light fourth-quarter revenue guide and a delayed customer program.
Shares of nVent Electric fell 10.48% to $130.82 as profit-taking and valuation worries hit AI data center power and cooling infrastructure stocks, with Vertiv down 5.80% ahead of its own earnings.
Cybersecurity stocks rallied as the NSA and FBI warned of critical internet vulnerabilities, reinforcing expectations that growing AI capabilities will drive long-term demand for cybersecurity.
Futures fall as oil hits a five-month high and chip stocks slide; Tesla, IBM, Lam Research and Rollins drop after earnings while Lockheed Martin, Spotify and CSX rise. Plus the calendar & what to watch.
Broad market advances on strong tech earnings and a steady Fed outlook, while energy and health stocks lag.