WS #16170
The Nasdaq and S&P 500 opened lower as semiconductor and mega-cap tech stocks faced selling pressure, with NVIDIA and Meta leading declines. Compounding the technical weakness, a major Google Cloud outage disrupted banking and web services across Europe, highlighting systemic infrastructure risks. Despite the broad sell-off, Salesforce announced a significant $5.66 billion acquisition of Braze, signaling continued M&A activity in the software sector.
Tech Selloff and Cloud Outage
The Nasdaq and S&P 500 opened lower as semiconductor and mega-cap tech stocks faced selling pressure, with NVIDIA and Meta leading declines. Compounding the technical weakness, a major Google Cloud outage disrupted banking and web services across Europe, highlighting systemic infrastructure risks. Despite the broad sell-off, Salesforce announced a significant $5.66 billion acquisition of Braze, signaling continued M&A activity in the software sector.