WS #12931
SOX enters bear market (-21% from peak) as AI chip stocks like Nvidia, AMD, Micron, SK Hynix sell off on valuation concerns and Nvidia's $250B OpenAI guarantee raises balance sheet fears. Apple launches 'Upgrade' leasing program for iPhone at $17.99/month, potentially boosting unit sales ahead of Q3 earnings.
Semiconductor Selloff Intensifies
SOX enters bear market (-21% from peak) as AI chip stocks like Nvidia, AMD, Micron, SK Hynix sell off on valuation concerns and Nvidia's $250B OpenAI guarantee raises balance sheet fears.
Apple launches 'Upgrade' leasing program for iPhone at $17.99/month, potentially boosting unit sales ahead of Q3 earnings.