WS #11349
Semiconductor stocks staged a sharp rebound on July 3, with SanDisk +6.84%, Lam Research +5.97%, Micron +5.25% leading S&P 500 gainers, countering the AI infrastructure demand slowdown narrative. Apple's 5% surge on foldable iPhone reports and iPhone 18 Pro pre-order dates lift Dow to record close, consistent with rotation theme. Alibaba CEO sells $65.8M in stock last week, raising questions about insider confidence. Class action lawsuit filed against Microsoft over Azure growth slowdown and capex increase, with lead plaintiff deadline August 11, 2026.
Semiconductor Rebound and Tech Rotation
Semiconductor stocks staged a sharp rebound on July 3, with SanDisk +6.84%, Lam Research +5.97%, Micron +5.25% leading S&P 500 gainers, countering the AI infrastructure demand slowdown narrative.
Apple's 5% surge on foldable iPhone reports and iPhone 18 Pro pre-order dates lift Dow to record close, consistent with rotation theme.
Alibaba CEO sells $65.8M in stock last week, raising questions about insider confidence.
Class action lawsuit filed against Microsoft over Azure growth slowdown and capex increase, with lead plaintiff deadline August 11, 2026.