Chip stocks plunge as Amazon, Meta, Microsoft, Apple earnings loom
On Tuesday, shares of chip companies continued their multi-day decline, leading to a downturn in Asian markets and causing Nasdaq 100 futures to drop by more than 1% ahead of the U.S. market opening. This downturn occurs as investors anticipate upcoming earnings announcements from major firms including Amazon, Meta Platforms, Microsoft, and Apple, scheduled for later this week.
Key facts
- Chip stocks sell-off continued on Tuesday
- Asian markets fell
- Nasdaq 100 futures dropped more than 1%
- Earnings from Amazon, Meta, Microsoft, Apple expected this week
Entities
Institutions
- Amazon
- Meta Platforms
- Microsoft
- Apple
- Nasdaq
Locations
- Seoul
- Wall Street
- United States
Sources
- Quartz —