WS #11623
Samsung's earnings beat fails to satisfy, triggering broad chip selloff (SOXX -5.15%, Intel -10%, AMD -6.5%, Micron -5%), deepening AI rotation fears. JPMorgan raises Apple price target to $345 on demand resilience, providing a MAG7 counter-signal to the tech weakness.
AI/chip stock selloff continues
Samsung's earnings beat fails to satisfy, triggering broad chip selloff (SOXX -5.15%, Intel -10%, AMD -6.5%, Micron -5%), deepening AI rotation fears.
JPMorgan raises Apple price target to $345 on demand resilience, providing a MAG7 counter-signal to the tech weakness.