WS #10721
Apple lost 6% and Microsoft lost 3%+ after announcing price hikes on iPads/MacBooks and Xbox due to surging component costs, dragging the Nasdaq to a four-day losing streak; rotation into value sectors. OpenAI leaning toward delaying IPO until 2027 per Bloomberg/NYT, with Polymarket odds dropping to 29%, indicating reduced near-term liquidity event for AI investors. Dark pool alert shows $500M institutional buy in GOOG (1.46M shares at $342.19), suggesting accumulation despite broader tech weakness.
Tech selloff deepens on Apple/Microsoft price hikes
Apple lost 6% and Microsoft lost 3%+ after announcing price hikes on iPads/MacBooks and Xbox due to surging component costs, dragging the Nasdaq to a four-day losing streak; rotation into value sectors.
OpenAI leaning toward delaying IPO until 2027 per Bloomberg/NYT, with Polymarket odds dropping to 29%, indicating reduced near-term liquidity event for AI investors.
Dark pool alert shows $500M institutional buy in GOOG (1.46M shares at $342.19), suggesting accumulation despite broader tech weakness.