Webull Shares Plunge on Security Report While Micron Gains on AI Growth

Major equities diverged sharply during midday trading on October 7, 2026, as investors weighed significant regulatory investigations and integration hurdles against robust demand for artificial intelligence infrastructure. While the semiconductor sector found support through aggressive price target hikes, geopolitical scrutiny and earnings misses triggered double-digit declines for high-growth fintech and industrial names.

Webull Corporation (BULL) shares fell 19.6% on Wednesday. The sell-off followed a bipartisan report from the House Select Committee on the CCP, which flagged potential national security risks. The report alleged that the brokerage’s technology infrastructure and corporate financing are tied to the People’s Republic of China.

Worthington Steel faced bottom-line pressure despite a significant revenue surge following a recent acquisition.

Industrial and Financial Pressure

Worthington Steel (WS) reported fiscal first-quarter 2027 results that missed Wall Street expectations. The company posted adjusted earnings of $0.57 per share, trailing the $0.68 consensus estimate. According to the company’s earnings report, revenue surged 212% year-over-year to $2.73 billion, driven by the acquisition of a majority interest in Kloeckner & Co.

Goldman Sachs (GS) shares declined 1.11% to $887.21 as investors adjusted their positions ahead of the firm’s scheduled earnings release on October 13. The slight retreat came despite the bank raising its valuation for SpaceX, where analysts increased the price target for the aerospace firm to $230. The movement suggests cautious sentiment among banking investors as the quarterly reporting season begins.

Micron Gains on AI Outlook

Bucking the midday downward trend, Micron Technology (MU) rose 3.37% following a significant price target upgrade from D.A. Davidson. Analysts raised their target for the memory chip maker to $3,000 from $2,100. The optimism is supported by Micron management’s recent disclosure that more than 75% of the company’s projected shipments for fiscal year 2027 are already committed under existing contracts, providing high visibility for future revenue despite broader market volatility.

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