WS #13245
Apple warns of significantly larger supply constraints next quarter due to memory chip shortages, leading to JP Morgan cutting its price target and stock dropping ~6-8% post-earnings. Hedge funds sold tech at historic pace ahead of Situational Awareness's forced liquidation, and NVIDIA's $750B AI spending raises bubble concerns, extending the AI selloff.
Apple supply chain warnings and analyst downgrades
Apple warns of significantly larger supply constraints next quarter due to memory chip shortages, leading to JP Morgan cutting its price target and stock dropping ~6-8% post-earnings.
Hedge funds sold tech at historic pace ahead of Situational Awareness's forced liquidation, and NVIDIA's $750B AI spending raises bubble concerns, extending the AI selloff.