Chip stocks continue to decline, with South Korea’s Kospi falling 5.5% and Micron dropping nearly 4%. Goldman Sachs beat expectations with revenue surpassing consensus by nearly $2 billion, while Wells Fargo beat on earnings per share but missed on revenue, with its stock down 2%. JPMorgan issued a rare EPS miss. Truist raised its price target on Meta Platforms to $1,000, implying 35% upside, and Barclays did the same for Microsoft at $600. Bernstein downgraded AT&T and cut price targets on T-Mobile, Verizon, Charter, and Comcast.
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