Nasdaq slides as countdown to Fed kicks off

Intel has gained traction due to government contracts for chip production, which is expected to maintain its strong performance. The push for advanced semiconductors and strategic collaborations, especially in AI technology, indicates continued demand for Intel stocks. Strong earnings and government backing could yield further stock growth.

Apple's stock is under pressure due to underwhelming early sales of the iPhone 16, raising concerns about the company's growth prospects. As competition intensifies and market expectations for demand fall short, the stock is likely to face downward pressure until sales numbers improve significantly or new catalysts emerge.

Microsoft is investing heavily in AI technology across its suite of products, with growing adoption of its AI features potentially driving future revenue growth. As organizations increasingly rely on AI tools for productivity, Microsoft could see a positive impact on stock valuation, making it a notable upward opportunity.

Boeing faces challenges due to a major workforce strike and its hiring freeze, which could hamper production rates and, in turn, financial performance. Given the uncertainties surrounding the strike's impact on production and costs, Boeing's stock may decline further in the near term as operational pressures mount.

Zillow's performance is positively influenced by the anticipated decline in mortgage rates amidst a favorable market environment. This trend could enhance its core brokerage business and improve earnings forecasts, suggesting a positive outlook for the stock in the coming months.