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Tech Stocks Selloff After Apple Price Hikes, OpenAI IPO Report | Daybreak Europe 6/26/2026

Watch on YouTube ↗  |  June 26, 2026 at 07:05  |  47:00  |  Bloomberg Markets
Speakers
Mark Cranfield — Cross Asset Strategist, Bloomberg
Neil Campling — Tech/TMT Analyst
Cristiano Amon — CEO, Qualcomm
Winnie Hsu — Bloomberg Reporter (Asia Markets)
Abeer — Anchor, Bloomberg

Summary

A sharp tech selloff sweeps global markets as Apple's price hikes and an OpenAI IPO delay stoke demand fears. South Korea's KOSPI plunges amid heavy retail leverage and questions about peak AI chip spending, while Qualcomm's CEO issues a bullish data center forecast. Oil sees fleeting disruption angst after a Hormuz attack, and UK politics leans toward market-friendly Labour.

  • Global stocks hit two-week lows, led by tech selling pressure
  • Apple raises product prices by ~20% on component shortages, shocking tech sentiment
  • Report that OpenAI may delay its IPO to 2027 hammers SoftBank shares
  • South Korea's KOSPI sees trading halts, retail ants and leverage add to bubble fears
  • Mark Cranfield warns AI chip cycle may be near peak, bearish Samsung/SK Hynix
  • Qualcomm CEO targets $15B data center revenue by 2029 on custom AI engagements
  • Oil whips after Hormuz ship attack but Brent ends lower
  • Andy Burnham's centrist appointments seen as positive for UK markets
Ideas
Mark Cranfield Cross Asset Strategist, Bloomberg 4:59
Peak AI capex cycle, retail leverage risk
The AI semiconductor capex cycle may be nearing a peak, with Samsung and SK Hynix planning their own massive spending, raising doubts about sustainable profits. Korean retail investors are highly leveraged and nervous, and the negative feedback loop from Apple's price hikes could further pressure chip demand, making Korean chipmakers and the KOSPI vulnerable to a selloff.
EWY 005930.KS 000660.KS MED
Mark Cranfield Cross Asset Strategist, Bloomberg 7:06
Sticky inflation forces rate hike, bonds suffer
Core PCE at 4% is far too high for the Fed's comfort, making a rate hike likely. This will push up long-end Treasury yields and hurt bond prices, with the long end of the curve set to dislike it significantly.
TLT MED
Neil Campling Tech/TMT Analyst 13:36
Apple price hikes signal demand destruction
Apple's average 20% price hikes, forced by component shortages, shock the tech complex. Even a company with massive pricing power is being squeezed, signaling potential demand destruction and raising alarm for the broader tech sector.
AAPL LOW
Cristiano Amon CEO, Qualcomm 17:10
Data center AI fuels Qualcomm revenue surge
Qualcomm's data center AI business is on a high-confidence growth path, with custom engagements driving $5 billion in revenue by fiscal 2027 and $15 billion by fiscal 2029, supported by differentiated technology (ARM CPU, custom memory, accelerator) and a contract with Meta for two CPU generations.
QCOM HIGH
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This Bloomberg Markets video, published June 26, 2026, features Mark Cranfield, Neil Campling, Cristiano Amon discussing EWY, 005930.KS, 000660.KS, TLT, AAPL, QCOM. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mark Cranfield, Neil Campling, Cristiano Amon  · Tickers: EWY, 005930.KS, 000660.KS, TLT, AAPL, QCOM