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13.10.26 - 15:39
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Nasdaq Futures Slide As AI "Casino" Hangover Crushes Kospi; S&P Flat After JPM FICC Miss (ZeroHedge)
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Nasdaq Futures Slide As AI "Casino" Hangover Crushes Kospi; S&P Flat After JPM FICC Miss
US futures are mixed with the Nasdaq lagging as the AI rout that started on Wall Street on Monday ricocheted through Asia, where the Kospi crashed as much as 7% after Broadcom's Hock Tan likened AI investing to a casino and China's CXMT touted a denser memory chip design, while Q3 bank earnings kicked off with a FICC trading miss at JPMorgan; as a result, a flight to safety sent 10Y yields 5bps lower to 5.19% as cash Treasuries reopened after the holiday, while Brent slid back toward $105. As of 8:00am ET, S&P futures are down 0.1% around 7,850 while Nasdaq futures slide 0.7%, Dow futures are up 0.7% and Russell 2000 futures rise 0.3%. That follows a session in which the S&P dipped 0.1% and the Nasdaq 100 fell 0.7% on what was the lowest volume session in 23 years, with the SOX down 2.7% for its fourth straight decline even as two-thirds of S&P members rose. In premarket trading, memory names a...
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12.10.26 - 17:36
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"Memory Remains The Epicenter": Micron Tumbles Below $1,000 As Kospi Catches-Down And CXMT Shrinks The DRAM Cell (ZeroHedge)
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"Memory Remains The Epicenter": Micron Tumbles Below $1,000 As Kospi Catches-Down And CXMT Shrinks The DRAM Cell
Micron just delivered the kind of quarter that would have sent the stock into orbit in June. Instead, it is tumbling and about to lose the $1,000 handle.
Barely two weeks after Micron (MU) guided to $60-$63 billion in fiscal Q1 revenue, crushing the $56.8 billion consensus, and a week after Goldman calculated that Micron alone would deliver 19% of the entire S&P 500's Q3 earnings growth...
Source... the memory giant has slumped below $1000, down almost 5%, the lowest price in over 3 weeks.
Sandisk was down even more, tumbling 7%, and according to Goldman's TMT desk, both names are now lower in 6 of their last 7 sessions. Micron is about to enter a bear market, down almost 20% from its June record close, and a stock where sentiment was "11/10" back in June is now trading like nobody wants to be the last one holding it.
The reason for the latest selloff is com...
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12.10.26 - 06:39
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Südkorea: Nordkorea feuert erneut ballistische Raketen ab (DPA-AFX)
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SEOUL (dpa-AFX) - Nordkorea hat nach südkoreanischen und japanischen Angaben erneut mehrere ballistische Raketen abgefeuert. Die Geschosse seien aus dem Gebiet um die Hauptstadt Pjöngjang abgefeuert worden und rund 900 Kilometer in Richtung Japanisches ......
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