The stock market slid on Thursday as investors sold off semiconductor and AI-related stocks, as well as growing geopolitical tensions in the Middle East
Market losses accelerated in late trading following U.S. Central Command’s announcement of additional military strikes on Iran, raising concerns about oil supplies and the security of major shipping lanes.
Overall, S&P 500 fell 0.5% to 7,534, Nasdaq dropped 1.5% to 25,882.
Tweet of the Day
Forget AI.
Big Pharma is telling us where the next mega theme is.
As some have postulated, health care is undergoing extraordinary change. From GLP1s to Peptides to value based Oncology care ($TOI) and of course – the emerging frontier of Psychedelics. $STIM owns the… pic.twitter.com/JpZy1YwMAE
— BDC (@BlueDuckCap) July 15, 2026
Chart of the Day
Here is the one-year chart of Credo Technology (CRDO) as of June 8, 2026, when the stock was at $222.
Credo Technology, the leader in high-speed connectivity cables for data center, believes the next bottleneck in AI infrastructure is no longer computing power but network reliability. Management stated that as AI clusters grow from tens of thousands to hundreds of thousands of GPUs, even small connection failures can reduce GPU utilization, delay deployment, and increase downtime.
The company is expanding beyond its traditional cable business into a broader portfolio of optical networking products designed to improve reliability, power efficiency, system performance, and most importantly: to reach longer distances. It believes this year will mark an inflection point for its optical business.
Optical Digital Signal Processors (DSPs) change electrical data into light, which can then travel farther distances than copper cables can. Optical DSPs help move data within the datacenter and outside to other datacenters.
Management expects its optical business to generate 1/4 of total revenue this fiscal year. It also believes its optical portfolio will deliver sustained rapid growth for the years to come.
CRDO is a leading stock in the Growth Portfolio and Focus List.
