WS #11205
Broad tech selloff led by semiconductors, with Nasdaq 100 down 1.5% and SMH down over 5%, driven by profit-taking and Meta's AI capacity rental news. Meta Platforms rallies 8.8% on Bloomberg report that it plans to sell excess AI computing capacity, creating a MAG7 carve-out against the broader tech selloff.
Tech/Semiconductor Selloff
Broad tech selloff led by semiconductors, with Nasdaq 100 down 1.5% and SMH down over 5%, driven by profit-taking and Meta's AI capacity rental news.
Meta Platforms rallies 8.8% on Bloomberg report that it plans to sell excess AI computing capacity, creating a MAG7 carve-out against the broader tech selloff.