Chip Stocks Drop. SOXL, Cerebras Systems Down over 6%; Intel, Navitas, SMCI Down 5%; AMD, Credo, UMC Down over 4%

TradingKey - Accenture stock plunged 17.97% after Q3 earnings despite an EPS beat and $3.6B in free cash flow. With RSI at 20.86 and forward P/E below 10, investors are asking whether ACN's selloff has gone too far.

Nvidia's 2026 annual shareholder meeting is scheduled to be held on June 24, with capacity ramp signals for its flagship Blackwell chip and its first self-developed Vera CPU drawing intense focus from global investors.

TradingKey - Micron reports Q3 FY2026 earnings on June 24. Analysts expect EPS near $20 and revenue of $34.7B as investors focus on HBM4 demand, Nvidia's Vera Rubin platform, margins and FY2027 guidance.

Tradingkey - The Iran-US conflict has disrupted global oil and gas production by interrupting supply chains and damaging oil supply lines and pipeline infrastructures due to ongoing hostilities.According to the Energy Information Administration, in April, Iraq, Saudi Arabia, Kuwait, the United Arab

TradingKey - On May 8, the assets under management (AUM) of the CSOP SK Hynix Daily (2x) Leveraged ETF surpassed the HK$40 billion mark, overtaking the long-dominant Direxion Daily TSLA Bull 2X ETF (TSLL) to become the world’s largest single-stock leveraged ETF.