WS #12269
Semiconductor and AI stocks are plunging as IBM's warning and Netflix's weak guidance fuel AI spending concerns, with the selloff spreading to crypto. HSBC upgrades Apple to Buy with a $366 price target, citing AI-driven upgrade cycle and strong product pipeline, as stock hits all-time high.
Global Tech Selloff Intensifies
Semiconductor and AI stocks are plunging as IBM's warning and Netflix's weak guidance fuel AI spending concerns, with the selloff spreading to crypto.
HSBC upgrades Apple to Buy with a $366 price target, citing AI-driven upgrade cycle and strong product pipeline, as stock hits all-time high.