WS #10536
Chip stocks fall on valuation headwinds and rate hike fears; Meta pauses employee-tracking AI program after data exposure; Oracle cuts 21,000 jobs. SpaceX sees record 850K Robinhood IPO orders but faces valuation pressure from AI risks; short interest estimated at 5-7% of float.
Tech/Semiconductor Selloff Intensifies
Chip stocks fall on valuation headwinds and rate hike fears; Meta pauses employee-tracking AI program after data exposure; Oracle cuts 21,000 jobs.
SpaceX sees record 850K Robinhood IPO orders but faces valuation pressure from AI risks; short interest estimated at 5-7% of float.