WS #11197
Chip stocks fall sharply as Meta's potential excess AI compute capacity sale raises oversupply fears; Micron drops ~10%, dragging semis down. Apple negotiates with blacklisted Chinese chipmakers for memory components for China-sold devices, a geopolitical supply chain move. Reuters exclusive: SoftBank in talks with lenders for $10B margin loan backed by OpenAI stake; Goldman, JPMorgan, Mizuho expected to participate. Guggenheim upgrades Salesforce and ServiceNow, saying AI fears overdone; positive for enterprise SaaS.
Semiconductor selloff on AI demand concerns
Chip stocks fall sharply as Meta's potential excess AI compute capacity sale raises oversupply fears; Micron drops ~10%, dragging semis down.
Apple negotiates with blacklisted Chinese chipmakers for memory components for China-sold devices, a geopolitical supply chain move.
Reuters exclusive: SoftBank in talks with lenders for $10B margin loan backed by OpenAI stake; Goldman, JPMorgan, Mizuho expected to participate.
Guggenheim upgrades Salesforce and ServiceNow, saying AI fears overdone; positive for enterprise SaaS.