AI/semis premarket rebound after violent selloff
AI, semiconductor and neocloud stocks are bouncing sharply premarket after forced selling. Traders debate whether it's a bottom or a short-covering bounce.
What we know
Premarket gains include SanDisk +9%, Micron/Marvell +7%, AMD/TSMC +6%, IREN +18% and CoreWeave/Nebius up ~7%. Daan Crypto notes BTC is lagging and asks whether this is a bottom. An account on X flags the 5th largest VIX pump in history, and SoftBank is down 44% in a month.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.