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10 Companies Mirror Wall Street Downturn

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Wall Street’s main indices finished the shortened trading week in the negative territory, dampened by labor market data that came in much hotter than expected. The news fueled concerns that the Federal Reserve will not slash interest rates again.

Both the Dow Jones and the Nasdaq Composite dived by 1.63 percent on Friday, while the S&P 500 declined by 1.54 percent.

Ten companies mirrored a wider market downturn amid a series of catalysts that dampened investing appetite. This article explores the reasons behind their decline.

In Friday’s biggest losers, we only considered the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A stock market graph. Photo by energepic.com

10. Oscar Health Inc. (NYSE:OSCR)

Health insurance firm Oscar Health (OSCR) finished this week’s shortened trading lower, slashing 7.26 percent to end at $14.18 apiece, weighed by the Los Angeles wildfire that destroyed thousands of structures and claimed the lives of 10 people.

Oscar Health (OSCR), along with its insurance counterparts, all posted significant declines as the Los Angeles blaze which broke out on Tuesday already resulted in total damage and economic loss of up to $150 billion.

According to weather site AccuWeather, the economic damages could still potentially increase as the fires continue to spread.

Insurance companies stand to bear the brunt of the damages and expect increased claims that could potentially hurt their financial performance.

9. ON Semiconductor Corp. (NASDAQ:ON)

ON Semiconductor Corp. (ON) nearly touched a new 52-week low on Friday, posting a 7.49-percent decline to end the day at $53.94 each after an analyst at Truist downgraded its targets for the company.

In its latest report, Truist downgraded ON Semiconductor to a “hold” rating with a new price target of $60, lower by 29 percent than the $85 projected earlier. The analyst cited deteriorating demand trends and management’s focus on exiting certain business lines this year.

Separately, Bank of America also reduced its price target for ON Semiconductor (ON) to $75 from $90 per share but maintained a “buy” rating for the company. The adjustment followed a less optimistic outlook from the firm during the 2025 Consumer Electronics Show in Las Vegas.

Specifically, concerns about recovery prospects in both the near term and the calendar year 2025 have led to a subsequent decrease in the estimated pro-forma EPS for the next few years.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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