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● Concern about Chinese chipmaker CXMT's progress on advanced 4F2 DRAM fed the memory selloff.
● In a 45-stock software basket, 41 names fell, erasing roughly $130 billion.
● The company makes automated test equipment that chipmakers use before shipping semiconductors.
Shares of PT Telekomunikasi Indonesia Tbk (NYSE:TLK), the US-listed American depositary receipts, fell steeply on Friday, October 16, 2026, closing at $11.03, a drop of 13.69% on the day. The decline placed the stock among the larger single-session losers in the US market. There …
● Tesla claims zero to 60 mph in under one second, with production planned for 2028.
● Reports differed on the size of the move but all pointed to a heavy loss.
Vicor Corporation (NASDAQ:VICR) shares fell sharply on Friday, October 16, 2026, closing at $191.50, a decline of 12.92% on the day. The power-semiconductor maker was caught in the broad chip selloff that defined the session, extending a multi-session decline that had already been underway. …
● Needham moved to Hold, and Wells Fargo to Equal Weight with a $49.75 target.
● KeyBanc said AI's contribution to Workday's business is still at a very early stage.
● Progress at China's CXMT on advanced 4F2 DRAM stirred fears of pressure on memory prices.
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