WS #11182
No material new developments in the last 30 minutes. The semiconductor sell-off, Meta's cloud business, ISM/ADP data, Fed hawkishness, US-Iran talks, BlackRock exit, and Bending Spoons IPO are all unchanged from the previous window. No counter-signals or new data points to report.
Topics
Key developments
- Semiconductor stocks sell off sharply; MU down 6.7%, ARM -4.6%, INTC -4.0%, AMD -3.5%, NVDA -2.3%
- Meta building new cloud business to sell excess AI compute capacity
- US ISM Manufacturing PMI June misses at 53.3 vs 54.0 estimate; Prices Paid drops to 73.0 from 82.1
- Fed Chair Warsh reiterates hawkish stance, no hint of rate cut
- BlackRock's Tseng to exit as CEO of troubled private credit fund
- Ship runs aground in Strait of Hormuz, Iran claims control; US-Iran talks continue
- Bending Spoons IPO opens at $31, above $29 IPO price
- General Mills Q4 adj EPS beat, but FY27 guide shows profit decline