WS #10531
Micron (MU) down ~9.9% dragging ARM, MRVL, and the entire semiconductor stack lower amid South Korea tech rout and concerns ahead of Micron earnings. IBM surged +7.8% to $265.59 as a safe-haven rotation from semis to legacy tech, with Trump and Morgan Stanley providing positive catalysts. Mark Zuckerberg directed Meta to create a prediction markets app internally called 'Arena', similar to Polymarket and Kalshi, as reported by NYT. Alibaba sues the US Department of Defense over its designation as a 'Chinese military company', which could weigh on BABA and related Chinese ADRs.
Semiconductor selloff
Micron (MU) down ~9.9% dragging ARM, MRVL, and the entire semiconductor stack lower amid South Korea tech rout and concerns ahead of Micron earnings.
IBM surged +7.8% to $265.59 as a safe-haven rotation from semis to legacy tech, with Trump and Morgan Stanley providing positive catalysts.
Mark Zuckerberg directed Meta to create a prediction markets app internally called 'Arena', similar to Polymarket and Kalshi, as reported by NYT.
Alibaba sues the US Department of Defense over its designation as a 'Chinese military company', which could weigh on BABA and related Chinese ADRs.