WS #10692
Apple and Microsoft announce significant price hikes across hardware lines due to memory/storage cost surges, with Apple stock falling ~6% and Microsoft's Xbox prices rising $100-$150; JPMorgan warns of retail leverage unwinding as a catalyst for multi-month tech selloff. Micron reports blowout earnings (EPS $25.11 vs $20.78 consensus, Q4 guide $49-51B vs $43.2B), driving analyst price target raises and lifting Seagate and Marvell; but SOXX flashes overbought warning and AI model pricing commoditization fears emerge.
Tech Selloff & Component Cost Crisis
Apple and Microsoft announce significant price hikes across hardware lines due to memory/storage cost surges, with Apple stock falling ~6% and Microsoft's Xbox prices rising $100-$150; JPMorgan warns of retail leverage unwinding as a catalyst for multi-month tech selloff.
Micron reports blowout earnings (EPS $25.11 vs $20.78 consensus, Q4 guide $49-51B vs $43.2B), driving analyst price target raises and lifting Seagate and Marvell; but SOXX flashes overbought warning and AI model pricing commoditization fears emerge.