WS #10690
Bumble (BMBL) is exploring a sale after hiring Morgan Stanley, sending shares up ~15% and triggering a circuit breaker. Micron (MU) surges +16% on strong AI memory data with $100B backlog; SocGen says AI earnings can lift S&P 500 to 8000; Qualcomm PT raised to $235; IBM rallies on new chip. Core PCE inflation rose to 3.4% in May (three-year high), reinforcing the 'higher for longer' rate narrative and pressuring tech/growth stocks. Apple raised Mac/iPad prices by 20% (margin-positive) but stock is down 5.7% amid tech selloff, creating a contradictory signal.
Bumble M&A Exploration
Bumble (BMBL) is exploring a sale after hiring Morgan Stanley, sending shares up ~15% and triggering a circuit breaker.
Micron (MU) surges +16% on strong AI memory data with $100B backlog; SocGen says AI earnings can lift S&P 500 to 8000; Qualcomm PT raised to $235; IBM rallies on new chip.
Core PCE inflation rose to 3.4% in May (three-year high), reinforcing the 'higher for longer' rate narrative and pressuring tech/growth stocks.
Apple raised Mac/iPad prices by 20% (margin-positive) but stock is down 5.7% amid tech selloff, creating a contradictory signal.