WS #11196
Broad semiconductor decline led by TSM (-6.5%) and MU (-10%), with SMCI falling after Taiwanese prosecutors detained employees over alleged Nvidia chip smuggling to China. Reuters exclusive: SoftBank in talks with lenders for $10B margin loan backed by OpenAI stake, with Goldman Sachs, JPMorgan, Mizuho expected to participate. Guggenheim upgrades Salesforce and ServiceNow to Buy on valuation, lifting Datadog, Elastic, Zoom, and C3.ai as the 'SaaSpocalypse' repricing is seen as overdone.
Semiconductor Selloff & Regulatory Risk
Broad semiconductor decline led by TSM (-6.5%) and MU (-10%), with SMCI falling after Taiwanese prosecutors detained employees over alleged Nvidia chip smuggling to China.
Reuters exclusive: SoftBank in talks with lenders for $10B margin loan backed by OpenAI stake, with Goldman Sachs, JPMorgan, Mizuho expected to participate.
Guggenheim upgrades Salesforce and ServiceNow to Buy on valuation, lifting Datadog, Elastic, Zoom, and C3.ai as the 'SaaSpocalypse' repricing is seen as overdone.