WS #11626
Philadelphia Semiconductor Index falls 4.7%, with Arm Holdings down 6.77% and Nvidia below $200, amid risk-off sentiment from Iran escalation. Microsoft is replacing OpenAI/Anthropic AI models with its own MAI models in Excel/Outlook to cut costs, a bullish margin signal. Apple is testing CXMT memory chips for China devices, indicating supply chain diversification away from traditional DRAM suppliers.
Semiconductor Selloff
Philadelphia Semiconductor Index falls 4.7%, with Arm Holdings down 6.77% and Nvidia below $200, amid risk-off sentiment from Iran escalation.
Microsoft is replacing OpenAI/Anthropic AI models with its own MAI models in Excel/Outlook to cut costs, a bullish margin signal.
Apple is testing CXMT memory chips for China devices, indicating supply chain diversification away from traditional DRAM suppliers.