#stock market Tech News.

Semiconductor stocks plummeted, with Micron and Broadcom leading the decline, tanking 20% in two days and wiping out $450 billion in value. The collapse is attributed to the semiconductor industry's overvaluation and the impending share sales by tech giants like Alphabet and Meta. These companies plan to raise billions by selling new shares at stratospheric valuations, reversing the liquidity flow that had fueled the market's growth.

American Airlines Group stock closed Friday at $13.50, up 1.50%, even as the company announced temporary route suspensions due to elevated jet fuel prices. Trading volume hit 105.7 million shares, about 75% above its three-month average. The S&P 500 fell 2.64% and the Nasdaq dropped 4.18%. Analysts see growth potential in the airline's loyalty program, premium demand, and debt reduction to $34.7 billion.

Molina Healthcare's stock rose almost 10% over five trading days, driven by a rotation into defensive stocks. Tech stocks crashed late in the week, and investors worried about interest rate hikes after a strong jobs report. Molina's solid business as an insurer and managed care organization makes it a safe haven in times of economic uncertainty. The company has a history of top-line growth and net profits.

Lam Research earns a Buy rating with a 12-month price target of $360, $380, driven by industry leadership and AI-fueled chip complexity tailwinds. The company boasts a majority share in global etch and a robust deposition position, underpinned by high recurring service revenues. Lam Research's earnings normalization and secular growth justify a premium multiple, despite a trailing P/E of 63x and insider selling.

The stock market has lost over $1 trillion in value due to a chip selloff. The decline is attributed to concerns over the global chip shortage. Investors are selling off semiconductor stocks in response to the shortage. The market value of chip-related companies has plummeted significantly.

The Vanguard S&P 500 ETF has returned 814% since its 2010 launch, or 15% per year. The fund's forward price/earnings ratio is around 21, lower than its past five-year average. The Shiller CAPE ratio is nearing an all-time high at 42.84, similar to the 1999 tech bubble peak. Artificial intelligence capex spending drives revenue growth but may stretch stock prices to historically expensive levels.

Shares of Lucid Group fell 22% this week, according to S&P Global Market Intelligence. The electric vehicle brand's market cap is now $2.2 billion, down from over $75 billion in late 2021. Lucid is trying to raise funds to stem the holes in its balance sheet after a poor quarter and abrupt CEO transition.

Strategy stock fell 28% this week after the company broke its own rules and sold some Bitcoin to finance dividend payments. The company traded in line with lower Bitcoin prices, which has fallen to $59,000. Strategy has around 4% of the world's Bitcoin on its balance sheet, valued at approximately $51.3 billion. The company has unrealized losses of around $10 billion on its Bitcoin holdings.

The Nasdaq index has fallen 4% as shares in chip and memory groups decline. Chip and memory stocks are experiencing significant losses. The decline is affecting the overall market performance. The Nasdaq index is experiencing a downturn.