Good evening, this is Markets Desk with the stories shaping the conversation tonight.
The White House hosted a high-stakes dinner between Donald Trump and China's Xi Jinping, and the guest list read like a Silicon Valley roll call. Sam Altman, Lisa Su, and Elon Musk were among the tech heavyweights at the table, with trade tariffs, critical minerals, and AI safety all on the agenda. The symbolism alone is significant.
On the trade front, the European Union is pressing the United Kingdom to align its tariffs on Chinese-made vehicles, warning that without coordination, British-assembled cars could face barriers when entering European markets. London has resisted any customs union arrangement, leaving the two sides in a delicate standoff with real consequences for automakers on both sides of the Channel.
Shifting to semiconductors, a UBS analyst has placed a price target of one thousand six hundred twenty-five dollars on Micron, arguing that long-term supply contracts and an aggressive share buyback program can insulate the company's margins even as memory chip prices soften. It's a bold call, and it signals growing conviction that Micron's structural position in the AI memory buildout is being underpriced by the market.
That's the tape. Markets Desk, signing off the floor.
