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Last updated: July 28, 2026, 8:30 PM ET

AI and Chip Stocks Face Selloff Amid Shifting Market Sentiment

Chip stocks as the artificial intelligence sell-off intensified, with the Nasdaq 100 Index. Investors questioned substantial by Big Tech on AI, leading to a broader market unease. SK Hynix, the world's second-largest memory-chip maker in second-quarter net profit, yet the broader sector faced pressure. Teradyne Inc. posted higher driven by AI chip testing demand, and NXP Semiconductors reported a profit of $767 million fueled by AI customers. However, sentiment shifted, with investors and the Dow industrials. Bloom Energy Corp. jumped after and posting earnings more than double expectations.

Geopolitical Tensions and Energy Markets React to Middle East Conflict

Crude oil following renewed fighting in the Middle East, reigniting concerns over energy supplies. Oil rebounded after as fresh conflict erupted, with continued threats to energy flows. Tankers are diverting to Egypt as Houthi threats disrupt the Red Sea, with some shipowners wary of sailing closer to threatened waters. US natural gas futures for a fourth consecutive session amid solid production and inventories. Treasury yields edged lower as hopes for a diplomatic solution to the U.S.-Iran conflict pushed oil prices down.

Corporate Earnings and Financial Sector Developments

Ford Motor Co. lifted full-year to between $10 billion and $11 billion, anticipating a 0.5% rise in auto prices. Coca-Cola Co. recorded higher in the second quarter, navigating consumer caution effectively. Mondelez International lifted its outlook on higher quarterly sales, with shares rising after-hours. Visa Inc. reported third-quarter, citing resilient consumer and business spending. Bloom Energy Corp. boosted its outlook as profit and sales climbed, raising fiscal 2026 revenue and adjusted earnings per share guidance. Barclays Plc, with quarterly earnings rising 31% to £3.3bn, though shares sold off.

Regulatory and Legal Scrutiny Across Industries

Canada will to contribute financially to its domestic entertainment industry. A former Goldman Sachs banker went on trial for allegedly paying bribes in Ghana to secure a power plant deal. The U.S. President will end for Medicare drug premiums, potentially increasing costs for millions of older Americans. Shein disclosed FTC into its U.S. operations. FIFA faces backlash for a $20 billion commercial stake sale, drawing criticism from the UK prime minister and others.

Technology and Media Landscape Evolves with AI and Consolidation

Meta’s chief executive, Mark Zuckerberg, criticized the centralization of AI power, advocating for more openness in development. Discussions around "open weights" have become a major part of how artificial intelligence software is created in Silicon Valley. The Writers Guild over its inclusion of an AI-generated content section. Warner Bros. Discovery Inc. faces potential if the Paramount Skydance Corp. deal collapses. In legal news, Wachtell Lipton’s co-chair, highlighting fierce competition for top legal talent.

Other Notable Market and Economic Developments

Gold edged lower as traders assessed prospects for a Federal Reserve rate hike. The U.S. dollar could fall if the Fed holds rates steady, according to TD Securities. BlackRock Private Credit plans to ramp up its activities in a challenge to competitors. Private equity firm through municipal bonds. BXP Inc. secured $1.2 for a new office tower near Grand Central Terminal.