Updated Aug 7, 2026
/Iran's parliament speaker dismisses U.S. diplomatic overtures as "theater," calls on Washington to fulfill commitments/Joby Aviation jumps 9% on raised guidance as Archer and EHang sit out the eVTOL rally/US Senate delays CLARITY Act vote to September, Thune confirms/Rocket Companies posts $766 million adjusted EBITDA in Q2 2026, most profitable quarter in four years/SoFi Technologies shares fall 28% in 2026 as lending revenue takes a larger share of the mix/Dan Mullen defends Florida record in Finebaum interview, but the closing stretch numbers cut against him/Iran's parliament speaker dismisses U.S. diplomatic overtures as "theater," calls on Washington to fulfill commitments/Joby Aviation jumps 9% on raised guidance as Archer and EHang sit out the eVTOL rally/US Senate delays CLARITY Act vote to September, Thune confirms/Rocket Companies posts $766 million adjusted EBITDA in Q2 2026, most profitable quarter in four years/SoFi Technologies shares fall 28% in 2026 as lending revenue takes a larger share of the mix/Dan Mullen defends Florida record in Finebaum interview, but the closing stretch numbers cut against him

Chip Stocks Drop Almost 7% a Day After Records as Traders Find Cheap Way to Bet on Deeper Losses

The semiconductor sector fell almost 7% in a single session, one day after reaching new all-time records, as traders moved to adopt a low-cost approach to making large bearish bets on a deeper pullback in chip stocks.

By Mara Whitfield2 min read
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