Stocks Mixed as Rotation Out of Tech Resumes

MRKT Matrix - Wednesday, June 24th Nasdaq closes lower as chip sell-off resumes; Micron shares extend losses (CNBC) Trump, Frustrated With High Gas Prices, Channels Biden’s Criticism of Big Oil (WSJ) A Return to $3 Gasoline? Here’s What It Will Take (Bloomberg) Bitcoin hits 20-month low as market sentiment sours (FT) As AI Companies Race for Power, Amazon and Google Have the Lead (WSJ) Google Poised to Lose Two More High-Profile AI Staffers to Anthropic (Bloomberg) Memory Chipmaker SK Hynix's $29 Billion US Listing Seizes on AI Demand (Bloomberg) Cerebras CEO says margin forecast was ‘misunderstood’ as stock plummets after earnings (CNBC) --- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://riskreversal.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs