After hearing arguments on Friday, U.S. Judge Araceli Martinez-Olguin on Monday issued a temporary injunction blocking the merger of Paramount and Warner Bros. A multi-state coalition of state attorneys general argued the deal would violate federal antitrust law and lead to higher prices for video services and reduced content supply. Paramount had agreed not to close the transaction before July 22.

Overnight US chip stocks halted declines, with a semiconductor ETF up about 1.3% and gains in NVIDIA, AMD and Micron; the Nasdaq was near unchanged. Earlier concentrated selling and leverage-driven rebalancing pressures have eased temporarily. US stabilization gives a brief reprieve to Korean and broader East Asian memory and equipment chains, but deleveraging inertia and high-volatility positions remain unresolved. Upcoming results from ALPHABET, Tesla and Intel will re-test AI demand, capex plans and earnings delivery; whether the rebound holds depends on whether results can justify prior elevated expectations.

TrendForce’s July 2026 NAND Flash monthly Data Talk says a 2026 AI-driven surge in demand, coupled with limited capacity additions, has created supply tightness. Looking to 2027, TrendForce notes sustained server demand, supplier process upgrades and continued bit-supply growth, together with weak consumer electronics demand, make an easing of NAND supply tightness likely in H2 2027.