WS #12958
Nasdaq-100 enters correction as global chip stocks plunge on AI profitability concerns and Chinese competition; SK Hynix Q2 profit surges but misses estimates, while providing positive H2/HBM4 outlook. Senate confirmed Jay Clayton as DNI; 86 senators voted to advance Graham Russia sanctions bill; Trump administration bans new Chinese humanoid robot imports. Apple briefly surpassed $5 trillion market cap, becoming the world's most valuable company again, driven by services growth and disciplined AI strategy, contrasting with the tech selloff.
Global Chip Selloff / AI Spending Concerns
Nasdaq-100 enters correction as global chip stocks plunge on AI profitability concerns and Chinese competition; SK Hynix Q2 profit surges but misses estimates, while providing positive H2/HBM4 outlook.
Senate confirmed Jay Clayton as DNI; 86 senators voted to advance Graham Russia sanctions bill; Trump administration bans new Chinese humanoid robot imports.
Apple briefly surpassed $5 trillion market cap, becoming the world's most valuable company again, driven by services growth and disciplined AI strategy, contrasting with the tech selloff.