NASDAQ:AOSL

Alpha and Omega Shares Drop as AI Chip Rally Stalls
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Alpha and Omega Shares Drop as AI Chip Rally Stalls

Alpha and Omega Semiconductor shares fell 8.1% to $45.35 Friday, closing near session lows despite a 0.2% rise in the Nasdaq. The company last guided June-quarter revenue to about $168 million, plus or minus $10 million. Director Mike F. Chang transferred 39,780 shares to a trust, SEC filings show. Fiscal Q3 revenue was $163.8 million with a GAAP net loss of $13.8 million.
May 30, 2026

Stock Market Today

  • ASX Investors Face Hidden Overexposure to US 'Magnificent 7' Tech Giants
    May 29, 2026, 8:06 PM EDT. Many Australian investors may unknowingly hold significant stakes in the US tech giants known as the 'Magnificent 7'-Microsoft, Amazon, Alphabet, Meta Platforms, Apple, Tesla, and NVIDIA. These companies dominate various US exchange-traded funds (ETFs) like BetaShares Nasdaq 100 (NDQ), Schwab U.S. Large-Cap Growth (SCHG), iShares S&P 500 (IVV), and others widely held in Australia. In addition, large positions in listed investment companies (LICs) such as MFF Capital and ETFs like VanEck Morningstar Wide Moat (MOAT) further increase exposure. Superannuation funds also typically include these stocks, amplifying collective investment risk. Investors should audit their portfolios to understand the extent of their indirect and direct holdings in these tech behemoths amid their growing market dominance.