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Anthropic Explores Samsung 2nm Foundry Deal for Custom AI Chip — Samsung Foundry Backlog Targets 50 Trillion Won

Anthropic is in early-stage talks with Samsung Electronics to manufacture a custom AI chip using Samsung Foundry's 2-nanometer process and advanced packaging technology, according to The Information. The deal would add Anthropic to Samsung Foundry's growing AI client list alongside Tesla, Meta, and Nvidia. The development pressures Nvidia's dominant position in AI inference and signals a broader industry shift toward proprietary ASIC alternatives, echoing OpenAI's recent Broadcom 'Jalapeño' inference chip announcement.

Nasdaq-100 Futures Rebound 1.2% on July 4 Holiday as Banks Raise S&P 500 Targets — Citi Sets 8,100, Goldman Sets 8,000

Nasdaq-100 futures rose 1.2% during abbreviated Independence Day holiday trading as Asian markets staged a 2% recovery after heavy semiconductor profit-taking earlier in the week. Citi raised its S&P 500 target to 8,100 and Goldman Sachs to 8,000, with both citing AI infrastructure earnings as the primary growth driver. The recovery comes after a mid-week slide in which the PHLX Semiconductor Index fell 6.7% in a single session following a near-doubling in Q2.

Micron Technology Falls 10.6%, Sandisk Drops 10.6%, Intel Loses 9% — Semiconductor Rout Wipes Out $1T+ in One Session

Micron Technology and Sandisk each plunged more than 10.6% Wednesday while AMD fell 6.9% and Intel sank 9%, as profit-taking in the AI-chip complex erased more than $1 trillion in semiconductor market value. The VanEck Semiconductor ETF lost 5.4%. South Korea's Kospi collapsed 7.89% overnight in response, with SK Hynix down over 12%. Analysts attributed the selloff to valuation fatigue after the sector's extraordinary first-half run rather than any fundamental deterioration.

Meta Platforms Rises 8.8% on Meta Compute Cloud Launch — $145B AI Capex Strategy Reframed as Revenue Asset

Meta Platforms jumped 8.8% after Bloomberg reported the company plans to launch Meta Compute, a cloud business selling excess AI computing capacity and model access externally to compete with AWS, Azure, and Google Cloud. The move reframes Meta's $125 billion to $145 billion 2026 capital expenditure plan from a spending concern to a potential revenue engine. CEO Mark Zuckerberg's pivot offered the single biggest counterweight to Wednesday's broad semiconductor and tech selloff.

Oil Slides Below $71 as US-Iran Qatar Talks Progress — Four-Month Low Cuts Inflation Risk Ahead of Jobs Data

Crude oil fell to a four-month low below $71 a barrel after US and Iranian officials held successful indirect talks in Qatar on safe cargo passage through the Strait of Hormuz, according to diplomatic sources. The decline extends a trend from last week's Burgenstock roadmap agreement and materially eases the inflation backdrop ahead of Thursday's June nonfarm payrolls report. Energy sector stocks are under pressure while airlines and transportation stand to benefit from lower jet fuel costs.

Semiconductor Stocks Fall 7–9% in Premarket — Rate-Hike Fears and Profit-Taking Hit Micron, SanDisk, Nvidia After Record Q2

Micron Technology fell 7%, SanDisk dropped 9%, and Nvidia shed 2.5% in premarket trading as investors took profits following the best quarter for chips since the sector's inception, with rate-hike fears amplifying the selling. The VanEck Semiconductor ETF gained 82% in the first half of 2026. Thursday's hotter-than-expected PCE print gave traders additional cover to trim exposure in the year's most crowded trade as the second half of 2026 begins.

Keir Starmer Resigns as UK Prime Minister — Andy Burnham Bid Triggers Pound Drop to 2026 Low

UK Prime Minister Keir Starmer announced his resignation as Labour leader, clearing the path for newly elected MP Andy Burnham to seek the top job after winning the Makerfield by-election. The British pound fell to a 2026 low on fiscal policy uncertainty as a leadership contest begins, with nominations opening July 9. The political transition adds a fresh layer of global risk for US investors already weighing a hawkish Fed and Middle East diplomacy this week.

SK Hynix Market Cap Hits $1.35B Trillion, Overtakes Samsung — First Change in Korea's Top Spot Since 2000

SK Hynix shares jumped 5.7% to push its market capitalization to roughly $1.35 trillion, briefly overtaking Samsung Electronics as South Korea's most valuable company for the first time in 26 years. The milestone reflects SK Hynix's dominant 61% share of the high-bandwidth memory market that supplies Nvidia's AI accelerators, with shares up more than 340% year-to-date. The move reinforces bullish sentiment toward US memory peer Micron Technology and AI infrastructure names.

Nasdaq-100 Adds CoreWeave, Astera Labs, Rocket Lab in First Rank-Based Rebalance — Drops Zscaler, Cognizant, Charter

The Nasdaq-100 added Astera Labs, CoreWeave, Nebius Group, Rocket Lab, and Teradyne while removing Charter Communications, Cognizant, Insmed, Verisk Analytics, and Zscaler, effective at today's open. It marks the first rebalance under Nasdaq's new rank-based quarterly methodology adopted in May 2026, tilting the index further toward AI infrastructure. The S&P 500 made a separate two-stock swap the same day, triggering forced buying and selling from index funds tracking roughly $800 billion in assets.