Overview
- Global markets sold off on Tuesday after heavy losses in technology and chip stocks drove major indexes lower and hit the Nasdaq hardest.
- SpaceX’s plan to borrow up to $20 billion and the departure of two AI specialists from Alphabet reignited investor worries about companies’ funding needs and talent competition.
- Semiconductor firms plunged across markets, with steep declines reported for Samsung, SK hynix and Kioxia in Asia and broad sell‑offs for Micron, Intel, AMD and Nvidia in the US and Europe.
- Energy and currency moves eased some pressure on markets as a US two‑month suspension of Iranian oil sanctions helped push oil prices down while the yen slid toward a 40‑year low, raising the prospect of further intervention by Tokyo.
- Traders are now watching near‑term tests that could deepen or calm the correction, especially Micron’s earnings and upcoming US PCE inflation data that will influence Federal Reserve expectations.