WS #13549
AppLovin (APP) fell ~24% on Macquarie PT cut to $620, Datadog (DDOG) fell ~16-20% on weak Q3 guidance, and Michael Burry disclosed new shorts in Oracle (ORCL) and Nebius (NBIS), pressuring high-multiple tech. DRAM prices surged 78-83% QoQ due to AI demand, causing Apple iPhone 18 production constraints and Microsoft to backtrack on 32GB RAM recommendations, while Alphabet borrows $25B for AI and Tesla/SpaceX invest $16.8B in a chip plant.
Tech selloff: AppLovin, Datadog, and Michael Burry shorts
AppLovin (APP) fell ~24% on Macquarie PT cut to $620, Datadog (DDOG) fell ~16-20% on weak Q3 guidance, and Michael Burry disclosed new shorts in Oracle (ORCL) and Nebius (NBIS), pressuring high-multiple tech.
DRAM prices surged 78-83% QoQ due to AI demand, causing Apple iPhone 18 production constraints and Microsoft to backtrack on 32GB RAM recommendations, while Alphabet borrows $25B for AI and Tesla/SpaceX invest $16.8B in a chip plant.