WS #10396
Memory names (MU +2%, INTC +1.9%) lead overnight while mega-cap cloud (ORCL -1.6%, MSFT -0.7%, AMZN -0.7%) bleeds, indicating rotation out of AI-infrastructure into semiconductors. China imposes new export controls and procurement bans on dozens of US companies, including drone and rare-earth entities, escalating trade tensions.
Sector Rotation: Memory/Chips vs Cloud
Memory names (MU +2%, INTC +1.9%) lead overnight while mega-cap cloud (ORCL -1.6%, MSFT -0.7%, AMZN -0.7%) bleeds, indicating rotation out of AI-infrastructure into semiconductors.
China imposes new export controls and procurement bans on dozens of US companies, including drone and rare-earth entities, escalating trade tensions.