WS #11261
Chip stocks plunge up to 11% as Meta's potential entry into cloud compute sparks price war fears, triggering profit-taking after a record Q2 rally. Apple shares rise on reports of aggressive iPhone launch with at least five new models and a foldable Ultra potentially priced near $3,000.
Semiconductor/AI Infrastructure Selloff
Chip stocks plunge up to 11% as Meta's potential entry into cloud compute sparks price war fears, triggering profit-taking after a record Q2 rally.
Apple shares rise on reports of aggressive iPhone launch with at least five new models and a foldable Ultra potentially priced near $3,000.