WS #16302
President Trump's refusal to negotiate with Iran and his warning of imminent action have triggered a severe risk-off environment. Nasdaq 100 futures plunged 2%, and the KOSPI crashed 14.5%, dragging down global tech and semiconductor equities. The escalation in Middle East tensions is the primary driver of today's market volatility, causing a flight to safety and pressuring growth stocks. TTM Technologies reported a strong Q3 beat on both EPS and revenue, driven by robust demand for printed circuit boards. Meanwhile, Nvidia CEO Jensen Huang highlighted that neocloud demand is 'off the charts' but constrained by scarce capital. Despite these positive micro-signals, the broader tech sector is being dragged down by the Nasdaq 100's 2% decline and the KOSPI crash, limiting the upside for individual chip names.
Geopolitical Escalation and Market Selloff
President Trump's refusal to negotiate with Iran and his warning of imminent action have triggered a severe risk-off environment. Nasdaq 100 futures plunged 2%, and the KOSPI crashed 14.5%, dragging down global tech and semiconductor equities. The escalation in Middle East tensions is the primary driver of today's market volatility, causing a flight to safety and pressuring growth stocks.
TTM Technologies reported a strong Q3 beat on both EPS and revenue, driven by robust demand for printed circuit boards. Meanwhile, Nvidia CEO Jensen Huang highlighted that neocloud demand is 'off the charts' but constrained by scarce capital. Despite these positive micro-signals, the broader tech sector is being dragged down by the Nasdaq 100's 2% decline and the KOSPI crash, limiting the upside for individual chip names.