WS #13575
Sandisk and Western Digital fell on weak guidance despite AI demand; Datadog dropped 19%; Doximity surged 76% AH; ARK bought NVDA; Alphabet raised $25B bonds with strong demand. New Mexico court ordered Meta to pay $567M plus $375M penalties and impose usage caps and age verification for minors, adding regulatory overhang on META. Fed Chair Warsh willing to hike in September if inflation hot; Musalem confirms favored hike at last FOMC, seeing inflation at 2.5-3%, supporting dollar and pressuring growth stocks. US imposed 15% tariff and price floors on polysilicon to counter China, benefiting domestic solar and semiconductor material producers.
Tech earnings: AI demand vs. high expectations
Sandisk and Western Digital fell on weak guidance despite AI demand; Datadog dropped 19%; Doximity surged 76% AH; ARK bought NVDA; Alphabet raised $25B bonds with strong demand.
New Mexico court ordered Meta to pay $567M plus $375M penalties and impose usage caps and age verification for minors, adding regulatory overhang on META.
Fed Chair Warsh willing to hike in September if inflation hot; Musalem confirms favored hike at last FOMC, seeing inflation at 2.5-3%, supporting dollar and pressuring growth stocks.
US imposed 15% tariff and price floors on polysilicon to counter China, benefiting domestic solar and semiconductor material producers.