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How AI semiconductor sell-off and SMCI's capital raise sparked Nasdaq's 1.2% bounce — Market Wrap Jun 11
Today's AI insights from 7horns.ai highlight a strong pre-market rebound with Nasdaq futures leading, up 1.2%, following yesterday's broad sell-off. The market recovery is driven by a reversal in AI semiconductor stocks and a bounce in Super Micro (SMCI), which surged over 5% pre-market after plunging nearly 28% due to dilution fears from a $7 billion capital raise. Tesla and Nvidia also showed resilience, gaining nearly 2% and 1.3% respectively, while Apple held onto modest gains. Geopolitical tensions between the US and Iran continue to influence market sentiment and commodity prices, with…
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