Stock move: -7.8%
Where it appeared: Imagination Technologies makes graphics cards for the iPhone and used to supply the company with its primary graphics chips. The company put itself up for sale after Apple announced it would be producing its own chips, and on Tuesday, Apple finally revealed their new chips to the world, definitively killing Imagination's chances at a future Apple partnership on the iPhone.
"This is a three core design, it's 30% faster than the graphics in the [previous generation.] The GPU is designed to accelerate 3D apps and games... and the GPU also is incredible for machine learning apps," Apple said of their new A11 Bionic chip.