WS #10575
Semiconductor-led rout deepens for second day; SOX index down 7.9%, KOSPI -9.99%, Nasdaq -2.2%, Bitcoin slides toward $62k. Hedge funds unwinding leveraged tech positions. Qualcomm in talks to supply custom chips to ByteDance; ByteDance seeks $20B offshore loan; Microsoft secures onsite nuclear/gas plants for Azure AI infrastructure. SoftBank's Son calls AI bubble talk 'blasphemy', seeks stake in Japanese utility to power AI boom, plans $88bn AI data hub in France.
Global Tech/AI Selloff
Semiconductor-led rout deepens for second day; SOX index down 7.9%, KOSPI -9.99%, Nasdaq -2.2%, Bitcoin slides toward $62k. Hedge funds unwinding leveraged tech positions.
Qualcomm in talks to supply custom chips to ByteDance; ByteDance seeks $20B offshore loan; Microsoft secures onsite nuclear/gas plants for Azure AI infrastructure.
SoftBank's Son calls AI bubble talk 'blasphemy', seeks stake in Japanese utility to power AI boom, plans $88bn AI data hub in France.