International Perspective · July 2, 2026
① Meta Compute (Bloomberg 7/1) signals hyperscaler shift from pure AI hardware buyer to compute seller — SOX plunged 6.27%, Micron -10.57%, Sandisk -10.62%, Corning -13%, capex peaking narrative erupts across Wall Street
② Power semiconductor second-round hikes (Reuters/edgen.tech 7/1): Infineon +10%, TI datacenter HV +25%, Silan Micro +15% — Morgan Stanley (6/18) confirms upcycle driven by 3-5x AI server power demand, not just cost pass-through
③ Fed Chair Warsh hawkish Sintra debut (Reuters/CNBC 7/1): inflation "too elevated", no forward guidance, rules out political pressure — ADP +98K below consensus, July 2 NFP key data point for global tech valuations