WS #11263
Broad selloff in chip stocks continues with VSH -11%, TSEM -11.6%, AOSL -11%, IQE -10.6%, driven by AI oversupply fears and Meta's cloud compute entry. Apple raises foldable iPhone Ultra production target to 10M units, priced at $2,500-$3,000, signaling aggressive launch cycle. Microsoft plans to merge consumer and enterprise Copilot chatbots in August, cutting low-value features, signaling AI product consolidation.
Semiconductor selloff escalation
Broad selloff in chip stocks continues with VSH -11%, TSEM -11.6%, AOSL -11%, IQE -10.6%, driven by AI oversupply fears and Meta's cloud compute entry.
Apple raises foldable iPhone Ultra production target to 10M units, priced at $2,500-$3,000, signaling aggressive launch cycle.
Microsoft plans to merge consumer and enterprise Copilot chatbots in August, cutting low-value features, signaling AI product consolidation.