U.S. stock futures dropped sharply Tuesday morning as a technology selloff spread from Wall Street to Asia and Europe. Major semiconductor names, storage stocks, and SpaceX led the declines while benchmark indexes across the globe closed lower.

SpaceX traded 3% lower, putting it on pace for its fourth straight losing session.
The tech sell-off gripped international markets on Tuesday after originating on Wall Street.
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Sources told CNBC that Chinese AI lab Moonshot has discussed leasing Nvidia Blackwell capacity from European neoclouds, including talks around clusters of 8,000 or more GPUs. No signed lease has been confirmed.
Semiconductor Engineering's week in review: HBM smuggling into China, roughly 600,000 Nvidia H200s held in Hong Kong, a reportedly paused Micron Taiwan plant, and Oracle's reported cancelation of a ~$7B Tencent chip-access deal.
Powerchip Investment Holding filed a criminal complaint on Nov. 2 over an alleged coordinated bid to buy a 20% stake for more than NT$13.6 billion. The filing raises questions about compliance with tender offer rules and the origin of the funds.
AUO's board approved selling its Taichung Plant Phase II buildings, cleanrooms and facility equipment in Xitun District to TSMC for NT$38.8 billion (about US$1.2 billion) before tax, per AUO's TWSE material-information filing as reported by TechNews and DigiTimes. AUO expects a disposal gain of about NT$18.5 billion, with payment in installments under the property contract. Separately, AUO ended a planned NT$19.7 billion sale of its Huaya site to Quanta because the two sides could not agree on specs and delivery timing.
Patent filings analyzed by SemiAnalysis show ASML developing a die-to-wafer hybrid bonder for advanced packaging. The move positions the lithography leader against Besi and other suppliers as chipmakers seek growth beyond transistor scaling.