WS #12235
PHLX Semiconductor Index nears bear market territory, down ~20% from record high; TSMC strong earnings fail to lift sector; memory chip stocks (WDC, MU) fall sharply. Netflix Q2 revenue and EPS in line, but Q3 guidance below consensus (revenue $12.86B vs $13B est, EPS $0.82 vs $0.84 est); shares down ~7% after hours. Alphabet shares fell 4%+ on reports of delayed Gemini 3.5 Pro launch due to performance issues; negative for GOOGL. Truth Social (DJT) announces API for institutional customers to get real-time feed of Trump's posts; potential revenue stream for TMTG.
Semiconductor Selloff Continues
PHLX Semiconductor Index nears bear market territory, down ~20% from record high; TSMC strong earnings fail to lift sector; memory chip stocks (WDC, MU) fall sharply.
Netflix Q2 revenue and EPS in line, but Q3 guidance below consensus (revenue $12.86B vs $13B est, EPS $0.82 vs $0.84 est); shares down ~7% after hours.
Alphabet shares fell 4%+ on reports of delayed Gemini 3.5 Pro launch due to performance issues; negative for GOOGL.
Truth Social (DJT) announces API for institutional customers to get real-time feed of Trump's posts; potential revenue stream for TMTG.