WS #11259
Chip stocks are in a severe selloff driven by Meta's cloud compute plans, Anthropic's custom chip development with Samsung, and profit-taking after H1 gains, dragging the Nasdaq 100 lower. Apple shows relative strength with a bull flag breakout, plans for five new iPhone models including a foldable, and benefits from privacy regulation tailwinds, bucking the broader tech selloff. The EU's top court upheld a €4.1 billion antitrust fine against Google in the Android case, a negative for GOOGL that could impact its European operations and set a precedent for other tech giants.
Semiconductor Selloff Intensifies
Chip stocks are in a severe selloff driven by Meta's cloud compute plans, Anthropic's custom chip development with Samsung, and profit-taking after H1 gains, dragging the Nasdaq 100 lower.
Apple shows relative strength with a bull flag breakout, plans for five new iPhone models including a foldable, and benefits from privacy regulation tailwinds, bucking the broader tech selloff.
The EU's top court upheld a €4.1 billion antitrust fine against Google in the Android case, a negative for GOOGL that could impact its European operations and set a precedent for other tech giants.