Apple overtook Nvidia and became the most valuable company in the world

16:50

The declines deepen on Wall Street, with the Nasdaq losing more than 2%. The Dow is down $0.2, the S&P 500 is also down about 1%.

Apple has overtaken Nvidia’s market capitalization – and is now the most valuable American company by market capitalization. Apple shares are down 0.3%, while Nvidia shares are down more than 3.5%.

Technology and chip stocks are losing ground: LAM Research is down about 4%, Intel Loses more than 3%. KLA Corporation is down about 4%, Arm is down more than 2%, Nvidia Loses 2.2%.

These declines were added to the declines recorded the previous trading day, which were also led by semiconductors. In the background, the Chinese startup Moonshot AI unveiled a new model that it claims narrows the gap with the leading US IPOs.

Netflix Drops by about 11% following the reports. This week’s fall in the semiconductor giants is expected to be the worst since the collapse of tariffs in April 2025.

16:30

Wall Street is red: Nasdaq leads decliners with nearly 2% decline. Dow falls about 0.6%, S&P 500 loses 0.9%. Growing concerns about artificial intelligence spending weighed on sentiment and dragged global tech stocks lower.

stock Netflix Sinking by 11% after the reports.

15:45

The markets in the US enter the weekend in a distinctly negative trend for the red futures, with Nasdaq leading the declines with a drop of almost 2% following a sharp decline in the chip sector. Dow falls about 0.6%, S&P 500 loses 0.9%.

Shares of streaming giant Netflix fell more than 10% in early trading after a third-quarter revenue forecast that missed estimates. The company reported revenues of $12.5 billion, thus slightly missing analysts’ forecasts of $12.58 billion. In the line of earnings per share, the company reported a profit of $0.8 per share, slightly beating analysts’ forecasts of $0.79 per share.

Netflix expects 12% revenue growth in the third quarter, leaving the 2026 forecast unchanged. The company reduced the range of the annual revenue forecast to 51-51.4 billion dollars, compared to a previous range of 50.7-51.7 billion dollars.

Netflix said the updated forecast reflects its previous estimates, but the narrowing of the range indicates a higher level of certainty about the company’s performance later this year.

The VIX fear index jumped about 9.6%, a clear sign of growing tensions. Geopolitical and economic factors are also contributing to the pressure: the planned US tariff of 25% on certain imports from Brazil raises questions about the costs for companies involved in global trade and agriculture, while US crude oil inventories and the strategic reserve are at multi-decade lows.

The report season continues in the background, with the major banks including Citi, Goldman Sachs, Wells Fargo, JPMorgan, Bank of America – already reporting this week.

The yield on 10-year bonds rose to 4.60% yesterday, close to a two-month high of 4.62% from July 13, and the markets are pricing in the possibility of an interest rate hike by the Fed this year. The escalation between the US and Iran adds pressure on fuel prices.

Oil is in focus again, with Brent oil trading above $86 per barrel, on the way to a weekly increase of more than 10%, against the background of the escalation. The US launched a number of strikes against Iran this week, and according to reports even hit an oil tanker near Iran’s main export terminal, for the first time since the renewal of the naval blockade on Iran’s ports. Trump even warned that the US might attack Iran’s infrastructure next week. WTI oil rises by 2.6% and its price stands at $80.3.

13:20

The declines in futures contracts on Wall Street moderate slightly. Currently, the contracts on the Nasdaq are down by about 1.6%, the contracts on the S&P 500 are weakening by about 0.8% and the contracts on the Dow Jones are shedding about 0.6% of their value.

11:30

Trading in futures contracts on Wall Street also continues to decline. Contracts on the Nasdaq fall by about 2%, contracts on the S&P 500 fall by about 1% and contracts on the Dow Jones weaken by about 0.6%.

The basket fund SOXX which tracks the chip sector, is down over 4% in early trading. Prominent declines of over 4% are recorded among shares Micron , Marvel , AMD , Intel andSanDisk .

stock SpaceX Elon Musk’s stock is down more than 4% in early trading, deeper below its IPO price of $135. The company canceled at the last minute the second launch attempt of its upgraded Starship rocket system after the booster engines had already been ignited at its launch complex in South Texas.

10:45

Trade in Europe is moving towards a mixed trend. The Frankfurt Stock Exchange falls by about 0.2%, the Paris Stock Exchange weakens by about 0.5% and the London Stock Exchange climbs by about 0.3%.

The negative sentiment towards chip stocks in Asia and on Wall Street permeates Europe as well. Prominent declines are now being recorded in stocks such as ASMI , Infineon , ASML and-ST Microelectronics .

10:10

Trading on the European stock exchanges opens with rate drops, although not as sharp as those registered in Asia and in futures trading on Wall Street. The Frankfurt Stock Exchange falls by about 0.4%, the Paris Stock Exchange weakens by about 0.6% and the London Stock Exchange trades slightly below the base level.

9:30

The sharp declines in Asia continue, with the negative sentiment towards chip stocks and the escalation of American attacks against Iran in the background. The Tokyo Stock Exchange slightly reduced the declines and finally closed with a drop of 4%, the Hong Kong Stock Exchange loses its value by about 2% and the Shanghai Stock Exchange falls by about 2.3%.

Trading in futures contracts on Wall Street also continues to decline. Contracts on the Nasdaq fall by about 1.5%, contracts on the S&P 500 fall by about 0.8% and contracts on the Dow Jones weaken by about 0.6%.

7:25

The stock market in Tokyo is cut by more than 5% this morning, in the shadow of the negative sentiment in chip stocks on Wall Street. The investor’s fear is that spending in the field of AI has gotten out of control and will not generate the expected profits.

The Softbank share is particularly noticeable, which is now losing close to 11%. The Japanese chip equipment manufacturer Tokyo Electron is cut above by a similar rate and the Japanese memory chip manufacturer Kioxia collapses by more than 14%, after a federal jury in Texas determined yesterday that the company must pay damages in the amount of 229 million dollars, after finding that it violated a patent.

The fluctuating stock market in South Korea is closed for a national holiday, so the upside waves did not reach there this time. Last night, the Korean SK Hynix stock collapsed on Wall Street by more than 13%. The negative trend in the East also spread to Taiwan, where the chip giant TSMC lost over 4%, a day after the company reported a sharp jump in its profits that surpassed market forecasts.

As mentioned, the declines followed another weak trading day in technology stocks in the US, when the Nasdaq index fell by 1.5% led by chip stocks. The VanEck Semiconductor ETF (VanEck Semiconductor ETF) fell by almost 4%, with Arm Holdings shares shedding more than 5%. Micron , AMD andBroadcom Each lost more than 5%.

The falls in global AI-related chip stocks after months of unusual gains indicate a turnaround. Investors cast increasing doubt on whether high prices can be sustained as investment in AI infrastructure continues to accelerate.

Contracts on Wall Street are now red, led by Nasdaq, which is losing over 1%. The one expected to stand out in particular on the last trading day of the week is Netflix, which published reports last night and disappointed investors. The company’s stock fell in late trading by 9%.