WS #11176
Semiconductor stocks (MU, LRCX, TSM) drop sharply as AI infrastructure trade rotates into software and consumer tech; AAPL, GOOGL, META hold green. Meta reportedly forming cloud business to rent excess compute, pressuring AI cloud stocks; Meta capex concerns weigh on AI infrastructure names. Micron pledges $250 million investment in Trump Accounts, a political gesture that may not affect fundamentals but signals alignment with administration.
Tech Rotation: Semis Selloff, Software/Consumer Tech Rises
Semiconductor stocks (MU, LRCX, TSM) drop sharply as AI infrastructure trade rotates into software and consumer tech; AAPL, GOOGL, META hold green.
Meta reportedly forming cloud business to rent excess compute, pressuring AI cloud stocks; Meta capex concerns weigh on AI infrastructure names.
Micron pledges $250 million investment in Trump Accounts, a political gesture that may not affect fundamentals but signals alignment with administration.