WS #10506
No material new developments in the last 30 minutes. The dominant narrative remains the global tech selloff, with no counter-signals or de-escalation observed. Previous high-significance items (BofA upgrades, IBM news, geopolitical events) carry forward unchanged.
Topics
Key developments
- Global tech selloff deepens: Nasdaq futures down 2.6%, Asian chipmakers plunge 12%
- BofA raises price targets on Intel, Arm, and Micron, citing AI spending visibility to 2028
- IBM upgraded by JP Morgan, joins OpenAI program; White House executive order on quantum security
- Ukraine destroys railway bridge; Iran gets unrestricted use of unfrozen assets
- ADP employment shows first pickup in hiring since May 2
- Deutsche Bank slashes gold forecasts by 22%
- AMC Entertainment stock tumbles 19% on share offering
- Sangamo Therapeutics enters asset sale agreements with Lilly and Astellas, commences Chapter 11