WS #11260
Chip stocks plunge as Meta plans to sell excess AI compute capacity and Anthropic develops custom chips with Samsung, raising oversupply and margin concerns, dragging the Nasdaq 100 lower. Apple shows relative strength with a bull flag breakout and plans for five new iPhone models including a foldable Ultra, bucking the tech weakness.
Semiconductor Selloff on Meta Cloud and Custom Chip Fears
Chip stocks plunge as Meta plans to sell excess AI compute capacity and Anthropic develops custom chips with Samsung, raising oversupply and margin concerns, dragging the Nasdaq 100 lower.
Apple shows relative strength with a bull flag breakout and plans for five new iPhone models including a foldable Ultra, bucking the tech weakness.