WS #11622
Semiconductor stocks fall sharply (SOX -5.15%) as Samsung's strong earnings fail to meet extreme expectations, with Intel -10%, AMD -6.5%, Micron -5%, dragging Nasdaq -1.2%. JPMorgan raises Apple price target to $345 on demand resilience and pricing power, providing a bullish counter-signal to the broader tech selloff.
AI/chip selloff deepens on Samsung disappointment
Semiconductor stocks fall sharply (SOX -5.15%) as Samsung's strong earnings fail to meet extreme expectations, with Intel -10%, AMD -6.5%, Micron -5%, dragging Nasdaq -1.2%.
JPMorgan raises Apple price target to $345 on demand resilience and pricing power, providing a bullish counter-signal to the broader tech selloff.