WS #11282
Chip stocks continue to slide with semiconductor index down 5.44%, while AI spending forecasts top $1 trillion but Meta CEO reportedly says agent development not accelerating as expected. Alarum Technologies' proxy network domains seized by FBI, stock down 42.8% after hours. Apple up 4% on foldable iPhone supply chain ramp, nearly offsetting chip drag. Michael Burry disclosed short position in Micron (MU) and Caterpillar (CAT), adding to semiconductor and industrial bearishness.
Chip Sector Weakness and AI Sentiment
Chip stocks continue to slide with semiconductor index down 5.44%, while AI spending forecasts top $1 trillion but Meta CEO reportedly says agent development not accelerating as expected.
Alarum Technologies' proxy network domains seized by FBI, stock down 42.8% after hours.
Apple up 4% on foldable iPhone supply chain ramp, nearly offsetting chip drag.
Michael Burry disclosed short position in Micron (MU) and Caterpillar (CAT), adding to semiconductor and industrial bearishness.