WS #11603
Memory and AI chip stocks are falling, with Samsung down 10% and Micron eyeing a 10% drop, driven by concerns over AI infrastructure spending and DeepSeek developing its own AI chip. Apple is at a fresh high with JPMorgan raising its price target to $345, citing resilience in outlook despite price hikes, acting as a bullish counter-signal to the broader tech selloff. SK Hynix is planning the largest ADR listing ever (~$28B) on Nasdaq, as the world's leading HBM supplier sees revenue triple and margins rival Nvidia's. US consumers' inflation expectations rose in June per the NY Fed survey, a bearish macro signal for growth stocks.
AI/Semiconductor Selloff Continues
Memory and AI chip stocks are falling, with Samsung down 10% and Micron eyeing a 10% drop, driven by concerns over AI infrastructure spending and DeepSeek developing its own AI chip.
Apple is at a fresh high with JPMorgan raising its price target to $345, citing resilience in outlook despite price hikes, acting as a bullish counter-signal to the broader tech selloff.
SK Hynix is planning the largest ADR listing ever (~$28B) on Nasdaq, as the world's leading HBM supplier sees revenue triple and margins rival Nvidia's.
US consumers' inflation expectations rose in June per the NY Fed survey, a bearish macro signal for growth stocks.