WS #10504
Tech selloff deepens with Nasdaq futures -2.64%, Korea Kospi -10%, chipmakers -12% in Asia, Oracle cuts 21,000 jobs, and MSFT de-rating hits multi-year extremes. BofA raised price targets on Intel, Arm, and Micron, citing AI spending visibility extending to 2028.
Global Tech Selloff Escalation
Tech selloff deepens with Nasdaq futures -2.64%, Korea Kospi -10%, chipmakers -12% in Asia, Oracle cuts 21,000 jobs, and MSFT de-rating hits multi-year extremes.
BofA raised price targets on Intel, Arm, and Micron, citing AI spending visibility extending to 2028.