WS #11262
Chip stocks continue to plunge, with VSH -11%, TSEM -11.6%, AOSL -11%, IQE -10.6%, and multiple volatility trading halts, as fears of AI capacity oversupply and Meta's cloud entry intensify. Apple increases foldable iPhone Ultra production target to 10 million units, priced at $2,500-$3,000, driving shares higher.
Semiconductor rout escalates
Chip stocks continue to plunge, with VSH -11%, TSEM -11.6%, AOSL -11%, IQE -10.6%, and multiple volatility trading halts, as fears of AI capacity oversupply and Meta's cloud entry intensify.
Apple increases foldable iPhone Ultra production target to 10 million units, priced at $2,500-$3,000, driving shares higher.