WS #10500
Tech stocks plunge globally on AI valuation fears and rate hike concerns, with Nasdaq futures down 2.7%, SMH -4.8%, and QQQ -2.5%. JPMorgan upgrades IBM to Overweight from Neutral, citing strong second-half software acceleration and Red Hat momentum, with PT raised to $291. Netherlands to join US-led 'Pax Silica' initiative on secure AI and chip supply chains, reinforcing semiconductor alliance. Trump signs executive orders to accelerate quantum computing adoption and enhance cyber defense, benefiting related tech firms. IBM partners with OpenAI to develop enterprise security AI solutions, strengthening IBM's AI and cybersecurity offerings.
Global tech selloff intensifies
Tech stocks plunge globally on AI valuation fears and rate hike concerns, with Nasdaq futures down 2.7%, SMH -4.8%, and QQQ -2.5%.
JPMorgan upgrades IBM to Overweight from Neutral, citing strong second-half software acceleration and Red Hat momentum, with PT raised to $291.
Netherlands to join US-led 'Pax Silica' initiative on secure AI and chip supply chains, reinforcing semiconductor alliance.
Trump signs executive orders to accelerate quantum computing adoption and enhance cyber defense, benefiting related tech firms.
IBM partners with OpenAI to develop enterprise security AI solutions, strengthening IBM's AI and cybersecurity offerings.