WS #10606
Nasdaq 100 drops 2%+, chip stocks plunge (Intel -7.6%, Micron -8.5%, AMD -6.2%) on rate rise worries and AI researcher departures at Alphabet. BlackBerry stock up 3%+ ahead of earnings on AtHoc FedRAMP milestone and buyback support. Oracle reduces workforce by 13% (21,000 roles) over past year, citing AI deployment, adding to tech layoff wave.
Global tech selloff intensifies on rate and AI concerns
Nasdaq 100 drops 2%+, chip stocks plunge (Intel -7.6%, Micron -8.5%, AMD -6.2%) on rate rise worries and AI researcher departures at Alphabet.
BlackBerry stock up 3%+ ahead of earnings on AtHoc FedRAMP milestone and buyback support.
Oracle reduces workforce by 13% (21,000 roles) over past year, citing AI deployment, adding to tech layoff wave.