Global semiconductor stocks fell sharply on Thursday after fresh U.S. inflation data raised concerns the Federal Reserve could hike rates further, with SK Hynix down 6.7% and Micron down 4.1% premarket. AI infrastructure names also weakened over debt-funded expansion, with CoreWeave falling 6% premarket after dropping more than 15% on Wednesday and its April-issued bonds due in 2031 yielding above 16%. Penske Automotive Group surged 8.6% after agreeing to be taken private by Motown Acquisition Corp, a vehicle jointly owned by Penske Corporation and Mitsui & Co., in an all-cash deal valuing the company at $212 per share. Walmart gained 2.6% after Deutsche Bank upgraded it to Buy with a $136 price target, while Commercial Metals rose 3.93% after reporting fiscal fourth-quarter adjusted earnings of $2.09 per diluted share, above expectations.
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