Tech Sell-Off Hits US Markets, Central Banks in Focus Amid Global Volatility

• US markets saw a tech stock sell-off, with Nasdaq slipping 2% and Dow/S&P weakening, pushing indices below their 50-DMA.
• Oracle faced a setback as Blue Owl Capital withdrew $10 billion funding for a Michigan data center, citing dissatisfaction with terms.
• Micron reported strong Q2 results, exceeding revenue and EPS estimates, leading to an 8% stock surge and 170% gain in 2025.
• Experts warn of potential volatility in AI stocks by 2026 due to valuation concerns and a CapEx-monetization gap, while BofA sees a possible market bubble.
• Central banks (BoE, ECB, BoJ) are set to decide on interest rates, with BoE potentially cutting rates, and US inflation data expected today.

Why It Matters: Global markets face pressure from tech sell-off and AI stock concerns, while central bank decisions and inflation data loom.