PremiumToken Commoditization Is A Meaningful Trend: Goldman's 1-Delta Desk Warns Data Centric Spend 'Over-Allocated'
Markets are lower, led by Nasdaq and EM tech with notable weakness concentrated in the AI trade as investors digested the AVGO disappointment and favorites such as Micron pulled back.
Asia traded sharply lower overnight, led by the KOSPI, with memory names down 5–6% and semis off 3–4%.