WS #16361
After a brutal session where the Nasdaq dropped 2.6% on Meta's cost concerns, futures are showing signs of stabilization, suggesting the worst of the immediate panic selling may be over. Semiconductor stocks are flirting with key technical support lines, indicating a potential inflection point for the AI trade. While the sector remains under pressure, the pause in selling pressure allows for a reassessment of valuations without the immediate threat of a margin cascade.
Tech Selloff Stabilization
After a brutal session where the Nasdaq dropped 2.6% on Meta's cost concerns, futures are showing signs of stabilization, suggesting the worst of the immediate panic selling may be over. Semiconductor stocks are flirting with key technical support lines, indicating a potential inflection point for the AI trade. While the sector remains under pressure, the pause in selling pressure allows for a reassessment of valuations without the immediate threat of a margin cascade.