WS #12274
Semiconductor selloff intensifies with SOXX entering bear market; Moonshot AI's K3 model beating US frontier models triggers panic; MAG7 stocks broadly weak except AAPL. Apple upgraded to Buy by HSBC with $366 target; AAPL holding best among MAG7; correlations shifting toward financials; M6 chip launch expected.
Tech selloff deepens on AI capex fatigue and Chinese competition
Semiconductor selloff intensifies with SOXX entering bear market; Moonshot AI's K3 model beating US frontier models triggers panic; MAG7 stocks broadly weak except AAPL.
Apple upgraded to Buy by HSBC with $366 target; AAPL holding best among MAG7; correlations shifting toward financials; M6 chip launch expected.