Micron Earnings Boost Tech as Bond Selloff Caps Markets — SkimNews
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- Micron beat earnings and issued strong guidance, with CNBC noting an 11-fold jump in data center revenue — the catalyst behind tech strength that partially offset broader market drag
- The AI stock rally was "checked" as bond yields climbed, with Barron's and WSJ both flagging a deepening global bond selloff weighing on equities
Why it matters: The tug-of-war between Micron's explosive data-center growth and the bond selloff shows a market divided: AI-driven tech earnings remain the only credible bid for equities, while rising yields are eroding the case for the rest of the market.
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