Tech Sector

Chip and technology stocks are recording sharp declines amid concerns over the financing costs of artificial intelligence infrastructure, but the financial sector is benefiting from a rotation of funds and reaching new record highs.

All eyes are on the reports of the most important company in the world, the barometer of AI trading. Tel Aviv concluded a mixed week as insurance surged and chips crashed. The local reporting season is entering its final stretch, with tensions against Iran in the background.

Tomorrow, Monday will report under heavy pressure as the stock has plummeted about 37% this year, the company fired 20% of its staff and approved a generous compensation package for the CEOs. This week, the US Consumer Price Index will also be released, which may decide if the Fed will raise interest rates.

Dual-listed stocks return with a slight negative gap, while chip stocks are expected to open under pressure. De-escalation with Iran provides market support, while the Wall Street rally continues. This week, Tower, El Al, Bezeq, and others are set to report earnings.

A bus company prepares to acquire a competitor, US interest rates remain unchanged, and Teva is on track for the S&P 500 — these are the top news stories of the week on Ice.

The KOSPI index on the Seoul Stock Exchange is plunging by 9.8%, Nikkei in Tokyo is falling by 4%, and Asian markets are seeing a sharp sell-off in AI-related chip stocks following a negative trend on Wall Street.

The chip giant recorded price declines and lost its lead in the global market cap table to Apple, which reached an all-time high against the backdrop of a report on huge risks of hundreds of billions of dollars.

Dual-listed stocks return with a sharp negative gap, led by Tower and Camtek. This week: Fed interest rate decision, Microsoft, Meta and Apple reports, as well as Teva and Check Point. What do you need to know?