WS #12911
SOX enters bear market down 25% from highs, with SMH/SOXX at 100-day moving averages; Michael Burry posts AI bear case charts, adding to sentiment pressure. Powerful earthquake hits Kyushu, Japan, forcing evacuations, power outages, and potential supply chain disruptions for tech manufacturing. Nvidia invests $1B in Naver for AI data center buildout, reinforcing the AI capex narrative and signaling continued demand for Nvidia chips. Whale alert shows $1M premium in $430 calls expiring Sept 4, a bullish bet on Microsoft ahead of earnings. Apple hits $5 trillion market valuation for the first time, contrasting with broader tech weakness and signaling safe-haven demand.
Semiconductor sell-off deepens
SOX enters bear market down 25% from highs, with SMH/SOXX at 100-day moving averages; Michael Burry posts AI bear case charts, adding to sentiment pressure.
Powerful earthquake hits Kyushu, Japan, forcing evacuations, power outages, and potential supply chain disruptions for tech manufacturing.
Nvidia invests $1B in Naver for AI data center buildout, reinforcing the AI capex narrative and signaling continued demand for Nvidia chips.
Whale alert shows $1M premium in $430 calls expiring Sept 4, a bullish bet on Microsoft ahead of earnings.
Apple hits $5 trillion market valuation for the first time, contrasting with broader tech weakness and signaling safe-haven demand.