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Citadel Eyes Tech Selloff AI Buy Chance
Citadel's Scott Rubner sees no drop in AI spending or demand. He views US megacap tech selloff as buying opportunity. Bullish on consumer trading per Bloomberg interview.
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Dan Bin's AI Portfolio Stumbles
Fund manager Dan Bin, famed for AI stock bets on Nvidia/Tesla, saw 2025 returns lag at 12% vs prior 50-65% wins. 2026 YTD down 15.8% despite heavy Google/Nvidia holdings. He doubles down on AI narrative, cutting ties with past white spirits focus.
Hang Seng Falls, Semis Lead Tech Decline
Hang Seng Index opened down 0.35%, Hang Seng Tech Index 0.44%. Semiconductors and tech led losses, with GigaDevice over 4% drop, SMIC and Hua Hong near 2%. Electrical equipment and autos topped gains.
Buy Meta Stocks After AI Selloff
Jefferies states that Meta Platforms, Spotify, ServiceNow, and Snowflake have been unfairly pressured by market fears of AI competition. These stocks present a buying opportunity following the market plunge.
US-Iran War Hammers Asian Tech Stocks
Asian technology stocks in China, South Korea, and Japan plunged amid risk-off sentiment triggered by the US-Iran war's disruptions to global energy and logistics. Korean and Japanese stocks suffered more than Chinese and Hong Kong peers due to higher exposure to affected supply chains. Seoul's Kospi index dropped over 12%.
Intel Falls 3%+ as Tech Giants Slip Pre-Market
US large-cap tech stocks declined broadly in pre-market trading. Intel dropped over 3%, Nvidia, Amazon, Google, Netflix over 2%, Tesla, Microsoft, Meta over 1%, and Apple by 0.54%.