RIA reported the Russian Defence Ministry said Russian forces struck a power plant near Sumy, Ukraine.

Minde Electronics said at an investor relations event that large-scale AI data center build-out and rollout of edge AI are forcing server power supplies toward higher-voltage, higher-current and higher-efficiency designs. Combined with China’s dual‑carbon drive expanding renewable generation, energy storage and electric vehicle deployment, these trends should underpin medium-to-long-term demand growth for power semiconductors and support robust activity in the wafer foundry and power semiconductor industries over the next three to five years.

The Nasdaq Composite has fallen more than 10% from its record closing high on Oct. 6.