WS #12404
Semiconductor stocks are under pressure with TSMC falling 8.8% in a week due to margin concerns from rising capex, SanDisk hitting a 52-week low, and the iShares Semiconductor ETF heading for its worst week in over a year. Apple briefly surpassed Nvidia as the world's most valuable company with a $4.92 trillion market cap, driven by China's approval of Apple Intelligence, before Nvidia reclaimed the lead. Netflix shares fell over 8% after forecasting Q3 revenue and earnings below expectations, and announced it will reduce viewing reports frequency, raising concerns about growth sustainability. IBM stock crashed 25% after preliminary Q2 results missed estimates, with revenue up only 1% and infrastructure revenue down 7%, as AI spending shifted toward hardware away from software/consulting.
Semiconductor Sector Weakness
Semiconductor stocks are under pressure with TSMC falling 8.8% in a week due to margin concerns from rising capex, SanDisk hitting a 52-week low, and the iShares Semiconductor ETF heading for its worst week in over a year.
Apple briefly surpassed Nvidia as the world's most valuable company with a $4.92 trillion market cap, driven by China's approval of Apple Intelligence, before Nvidia reclaimed the lead.
Netflix shares fell over 8% after forecasting Q3 revenue and earnings below expectations, and announced it will reduce viewing reports frequency, raising concerns about growth sustainability.
IBM stock crashed 25% after preliminary Q2 results missed estimates, with revenue up only 1% and infrastructure revenue down 7%, as AI spending shifted toward hardware away from software/consulting.