This week was a sector split:
AI/chip momentum cooled
Electronic tech took the hit
$AAPL was the exception
Software, healthcare, & finance held up better
The Dow hit records while Nasdaq lagged.
Markets rotated, not collapsed.
Tesla is staying hot.
After jumping ~8.5% yesterday on its long awaited Full Self-Driving update for older HW3 vehicles, $TSLA is up again today as traders look ahead to Q2 deliveries later this week.
FSD hype + delivery expectations = volatility
Trade the move on Strat.
Micron is up ~17% today after posting $41.5B in quarterly revenue, up 346% YoY.
The company is now worth around $1.3T as AI demand keeps turning memory into one of the hottest trades in the market.
Trade $MU with up to 50x leverage on Strat.
Micron just announced a strategic partnership with Anthropic to supply memory and storage for next-gen AI models.
Interesting timing: the announcement lands right before earnings on June 24 👀
Markets are already reacting, with $MU up ~ 5% today.
Trade the move on Strat.
Intel is surging after the Apple news.
Trump says $AAPL will work with $INTC to design and manufacture chips in the U.S.
Market reaction so far:
$INTC +9%
$AAPL +0.4%
A major validation moment for Intel’s foundry ambitions.
SNDK's monthly RSI (Relative Strength Index) recently hit 99.1.
With 100 being the theoretical ceiling, that's one of the most extreme overbought readings ever seen in a U.S. stock.
Trade $SNDK with up to 50x leverage on Strat.
Markets are catching a bid after reports of a preliminary U.S.-Iran peace deal.
Oil down.
Stocks up.
Risk appetite back.
Asia added $1T+ in market value today, while U.S. stocks added another $1T in the first 12 mins of trading.
It's a great time to trade the move on Strat!
The largest IPO in history is happening today.
$SPCX is reportedly raising $75B at a ~$1.75T valuation.
Bulls are excited.
Bears think it's overpriced.
Either way, expect volatility across tech, AI, chips, and crypto.
DYOR. Trade the move.
Asia is deep in the red.
Nearly $1.5T in market value was reportedly wiped out today as the global tech selloff spilled across the region.
Korea crashed 8%+, Japan fell 4%+, Taiwan 3%+, while Hong Kong and India also traded lower.
Will Wall Street catch the same selloff? 👀