WS #13514
US AI stocks rallied strongly (Nasdaq +9.3% over four days) but Asian chip stocks are selling off sharply (Kospi -4.4%, Nikkei -2%) on profit-taking and ahead of US jobs data, with SpaceX's lockup expiry adding pressure. Palantir surged 30% on Q2 beat, SolarEdge plunged 30% on weak Q3 guidance, Sandisk forecast strong AI-driven revenue but stock fell, and Axon delivered a beat-and-raise but stock declined.
AI trade bifurcation and chip selloff
US AI stocks rallied strongly (Nasdaq +9.3% over four days) but Asian chip stocks are selling off sharply (Kospi -4.4%, Nikkei -2%) on profit-taking and ahead of US jobs data, with SpaceX's lockup expiry adding pressure.
Palantir surged 30% on Q2 beat, SolarEdge plunged 30% on weak Q3 guidance, Sandisk forecast strong AI-driven revenue but stock fell, and Axon delivered a beat-and-raise but stock declined.