WS #12907
No material new developments in the last 30 minutes. The dominant narrative remains the tech selloff with AI payoff concerns and semiconductor rout, while industrial and energy sectors show resilience. No counter-signals or de-escalation observed.
Topics
Key developments
- Corning tumbles 18% after earnings, leading rout in optical stocks
- Nasdaq 100 on track for correction as AI investment payoff concerns sour sentiment
- Illinois Tool Works raises full-year outlook after Q2 beat
- CenterPoint Energy hits all-time high on data center demand, raised capex
- Visa plans to cut 7% of workforce (~2,600 jobs)
- Morgan Stanley debuts ether and solana ETPs
- PayPal CEO leaves door open to higher takeover offer after earnings beat
- AMD drops premarket amid broader AI memory trade anxiety