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Stocks Hit by Global Tech Selloff | Bloomberg Brief 6/23/2026

Watch on YouTube ↗  |  June 23, 2026 at 11:24  |  43:27  |  Bloomberg Markets
Speakers
Kevin Mahn — Hennion & Walsh Asset Management President and Chief Investment Officer
Amy Wu Silverman — Head of Derivatives Strategy, RBC Capital Markets
Neil — Bloomberg

Summary

Global equities sell off as South Korea's chip-heavy Kospi slides 10% from a record high, dragging US futures lower. RBC strategist Amy Silverman notes historically low hedging costs and seasonal volatility risks. Kevin Mahn of Hennion and Walsh recommends buying AI infrastructure names like Nvidia, Micron, data center and utility plays, while also highlighting municipal bonds and biotech. The US dollar emerges as the sole safe haven.

  • Global tech selloff led by South Korea's Kospi plunging 10% on SK Hynix production shift fears.
  • US futures point lower; Nasdaq 100 set to open down 2.4%, VIX rises above 20.
  • Skyler Montgomery Corning highlights US dollar as sole safe haven amid stagflation and hawkish Fed.
  • Amy Silverman notes low hedging costs, retail dip-buying pattern, and summer liquidity risks.
  • Kevin Mahn sees AI infrastructure play intact, calls Nvidia and Taiwan Semi strong buys.
  • Mahn recommends Micron on valuation and expected record results, plus Digital Realty, Ingersoll Rand, American Electric Power.
  • Mahn views municipal bonds as attractive for tax-free income, biotech for M&A pickup, aerospace for space opportunities.
  • Yen near 40-year low, intervention risk remains; oil falls on Strait of Hormuz traffic improvement.
Ideas
Skyler Montgomery Corning Bloomberg 7:36
Dollar safe haven with strong fundamentals
The dollar is the only safe haven in this market because the U.S. has a resilient economy, commodity-driven inflation keeps the Fed hawkish, and the dollar benefits from both safe-haven demand and strong momentum and fundamentals.
US Dollar Index (DXY) MED
Kevin Mahn Hennion & Walsh Asset Management President and Chief Investment Officer 27:53
Nvidia is a strong buy now
Nvidia remains the hub of the AI ecosystem, selling more chips than anyone, with over 80% of revenues now from data centers, making it a long-term play on AI infrastructure; he calls it a strong buy right here.
NVDA HIGH
Kevin Mahn Hennion & Walsh Asset Management President and Chief Investment Officer 27:58
Taiwan Semi buy on long-term trend
Taiwan Semiconductor is a long-term buy as part of the secular AI trend, and the AI infrastructure buildout will benefit the hardware and software supply chain for years.
TSM HIGH
Kevin Mahn Hennion & Walsh Asset Management President and Chief Investment Officer 28:56
Digital Realty benefits from data center demand
Digital Realty Trust is the largest global operator of data centers with 300 facilities, structured as a REIT with a decent dividend, and directly benefits from AI-driven data center demand.
DLR MED
Kevin Mahn Hennion & Walsh Asset Management President and Chief Investment Officer 29:16
Ingersoll Rand provides data center cooling
Ingersoll Rand is an industrial HVAC provider that supplies cooling solutions essential for hot-running data centers, giving it a direct role in AI infrastructure expansion.
IR MED
Kevin Mahn Hennion & Walsh Asset Management President and Chief Investment Officer 29:24
American Electric Power data center utility play
American Electric Power supplies electricity to over 5 million customers in 11 states including Virginia, the data center capital, making it a utility backdoor play on AI with stable dividends and lower volatility.
AEP MED
Kevin Mahn Hennion & Walsh Asset Management President and Chief Investment Officer 30:29
Aerospace defense working with space opportunities
Aerospace and defense are working right now, with space stocks having pulled back significantly, creating opportunities in space infrastructure, satellite technologies, and drone technologies.
ITA LOW
Kevin Mahn Hennion & Walsh Asset Management President and Chief Investment Officer 30:47
Biotech M&A pickup creates opportunity
M&A activity is picking up in biotech, presenting an opportunity in the sector right now.
XBI LOW
Kevin Mahn Hennion & Walsh Asset Management President and Chief Investment Officer 30:58
Municipal bonds attractive tax-free income
Municipal bonds are very attractive for high-net-worth investors seeking high levels of tax-free income.
MUB MED
Kevin Mahn Hennion & Walsh Asset Management President and Chief Investment Officer 31:04
Micron attractive entry before record results
Micron Technology is trading at less than 10 times forward earnings, expected to report record results tomorrow with 900% earnings growth and 270% revenue growth, and a 5-10% pullback would be an attractive entry point.
MU HIGH
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This Bloomberg Markets video, published June 23, 2026, features Skyler Montgomery Corning, Kevin Mahn discussing US Dollar Index (DXY), NVDA, TSM, DLR, IR, AEP, ITA, XBI, MUB, MU. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Skyler Montgomery Corning, Kevin Mahn  · Tickers: US Dollar Index (DXY), NVDA, TSM, DLR, IR, AEP, ITA, XBI, MUB, MU