Morning Bid: When the chips are down and up and down

Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend.

Huge moves in global tech stocks hogged the spotlight this week. But given how much many AI darlings have run up in the first half of the year, such volatility should probably be expected – especially with the end of the quarter fast approaching.

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What caused major tech stock volatility this week?

Global stocks were on the back foot early in the week, with major U.S. indexes dragged down on ‌Monday by weakness in tech megacaps. Why? Some assumed it was concern about sky-high AI capex, but the next day the selloff broadened into chip stocks – some of the main beneficiaries of all that spending – with Korea's KOSPI sliding nearly 10% and the SOX chip ‌index shedding some 8%.

A blockbuster set of earnings from memory chipmaker Micron Technology on Wednesday initially calmed the horses. But the tide turned yet again after Apple announced on Thursday that it was raising the prices of iPads and MacBooks in response to the surging

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/morning-bid-chips-down-down-104254558.html)