WS #10537
Semiconductor stocks are under renewed pressure with Micron down ~13% ahead of earnings, dark pool activity in SMH ($1.31B), and South Korea dropping 10%. Oracle cut 21,000 jobs (13% of workforce) to offset AI transition costs, corroborated by multiple sources.
Tech/Semiconductor Selloff
Semiconductor stocks are under renewed pressure with Micron down ~13% ahead of earnings, dark pool activity in SMH ($1.31B), and South Korea dropping 10%.
Oracle cut 21,000 jobs (13% of workforce) to offset AI transition costs, corroborated by multiple sources.