WS #11772
Asian chipmakers surged on AI-demand optimism, with SK Hynix pricing $26.5B ADS and the Nasdaq rallying 1.62% led by Micron, as the structural AI narrative regains footing. Meta's in-house Iris AI chip will complement, not replace, Nvidia and AMD GPUs, according to analyst commentary, supporting the thesis that Nvidia and AMD remain key AI beneficiaries. Fermi Inc. priced a $375M convertible note at $9.52, diluting existing shareholders and sending the stock down 16% after hours. Microsoft is on track to close below its 200-week moving average, a bearish technical signal for the stock. EU parliament passed 'chat control' legislation allowing private chat scans until 2028, raising privacy concerns and potential regulatory headwinds for tech platforms.
AI and Semiconductor Rally
Asian chipmakers surged on AI-demand optimism, with SK Hynix pricing $26.5B ADS and the Nasdaq rallying 1.62% led by Micron, as the structural AI narrative regains footing.
Meta's in-house Iris AI chip will complement, not replace, Nvidia and AMD GPUs, according to analyst commentary, supporting the thesis that Nvidia and AMD remain key AI beneficiaries.
Fermi Inc. priced a $375M convertible note at $9.52, diluting existing shareholders and sending the stock down 16% after hours.
Microsoft is on track to close below its 200-week moving average, a bearish technical signal for the stock.
EU parliament passed 'chat control' legislation allowing private chat scans until 2028, raising privacy concerns and potential regulatory headwinds for tech platforms.