WS #11264
Chip stocks continue to fall sharply, with Vishay Intertechnology down 11%, Tower Semiconductor down 11.6%, and multiple trading halts, driven by AI oversupply fears and a potential price war. Apple plans to produce 10 million foldable iPhone Ultra units priced at $2,500-$3,000, launching alongside iPhone 18 Pro series this fall. The EU Court of Justice upheld a €4.1 billion fine against Google for abusing Android's dominant position, with no further appeal possible. Microsoft announced a $2.5 billion investment to create 'Microsoft Frontier Company,' a new AI organization with 6,000 experts to help clients transform business processes. Amazon announced plans to launch a satellite-based internet service to compete with SpaceX's Starlink.
Semiconductor Selloff Escalates
Chip stocks continue to fall sharply, with Vishay Intertechnology down 11%, Tower Semiconductor down 11.6%, and multiple trading halts, driven by AI oversupply fears and a potential price war.
Apple plans to produce 10 million foldable iPhone Ultra units priced at $2,500-$3,000, launching alongside iPhone 18 Pro series this fall.
The EU Court of Justice upheld a €4.1 billion fine against Google for abusing Android's dominant position, with no further appeal possible.
Microsoft announced a $2.5 billion investment to create 'Microsoft Frontier Company,' a new AI organization with 6,000 experts to help clients transform business processes.
Amazon announced plans to launch a satellite-based internet service to compete with SpaceX's Starlink.