Headlines
•Semiconductor sell-off deepens on Samsung strike fears and TSM stake sale — MU, LRCX, KLAC, MPWR fall in afternoon session
•AWS Q1 revenue grows 28% YoY to $37.6B — beats analyst forecast of 25% growth
•Wedbush Remains Bullish On Oracle (ORCL), Says Investors Are Overlooking Demand Visibility
•Wedbush Views Microsoft (MSFT)’s Restructured OpenAI Partnership As Net Positive Rather Than Strategic Failure
•OpenAI IPO filing as soon as Friday — Confidential filing expected, September debut targeted
•Bristol-Myers Squibb-Anthropic AI deal — Shares edge higher Wednesday on drug discovery partnership
•U.S. inflation hits 3.8%, wholesale print at three-year high — Kevin Warsh faces test as Fed chair