Yesterday, tech stocks took another hit.
The Nasdaq dropped over 2%, and the Philadelphia Semiconductor Index plummeted nearly 8%.
Micron tanked 13%, and Nvidia fell over 4%.
Profit-taking in the AI sector + valuation concerns triggered a chain reaction.
The crash in the Korean market just added fuel to the fire.
//
But tonight, there’s a big event: Micron's Q3 earnings report drops (June 25, midnight Beijing time).
This is currently the core focus of the market, no doubt about it.
>> The market widely expects significant growth, with demand for high-bandwidth memory (HBM) remaining the biggest driver.
>> The stock price has already dropped significantly ahead of time, but analysts still remain bullish on performance and guidance.
>> The results of this earnings report will directly determine the short-term direction of the semiconductor sector and the entire AI market.
Another thing not to overlook: Alphabet (GOOGL) will officially join the Dow on Monday, June 29, replacing Verizon.
The Dow welcomes its 5th member of the Magnificent 7, further increasing tech weighting.
This is clearly positive for market sentiment.
——
My personal take:
I view yesterday's pullback more as a healthy consolidation after the long-term rise in the AI market, not a trend reversal.
If Micron's earnings tonight can provide a strong guidance, coupled with the symbolic significance of Alphabet joining the Dow, it’s likely that the semiconductor and tech sectors will see a rebound window.
As for my own strategy:
I’m keeping a close eye on tonight's MU earnings, especially the management's outlook for Q4 and HBM, and preparing for volatility.
After Alphabet officially joins the index next Monday, related ETFs and tech-heavy stocks will also be worth watching.
The market always provides opportunities amidst volatility, so stay rational and keep an eye on catalysts.
(This is purely my personal opinion and does not constitute investment advice. DYOR.)
#USstocks #GOOGL #半导体
The Nasdaq dropped over 2%, and the Philadelphia Semiconductor Index plummeted nearly 8%.
Micron tanked 13%, and Nvidia fell over 4%.
Profit-taking in the AI sector + valuation concerns triggered a chain reaction.
The crash in the Korean market just added fuel to the fire.
//
But tonight, there’s a big event: Micron's Q3 earnings report drops (June 25, midnight Beijing time).
This is currently the core focus of the market, no doubt about it.
>> The market widely expects significant growth, with demand for high-bandwidth memory (HBM) remaining the biggest driver.
>> The stock price has already dropped significantly ahead of time, but analysts still remain bullish on performance and guidance.
>> The results of this earnings report will directly determine the short-term direction of the semiconductor sector and the entire AI market.
Another thing not to overlook: Alphabet (GOOGL) will officially join the Dow on Monday, June 29, replacing Verizon.
The Dow welcomes its 5th member of the Magnificent 7, further increasing tech weighting.
This is clearly positive for market sentiment.
——
My personal take:
I view yesterday's pullback more as a healthy consolidation after the long-term rise in the AI market, not a trend reversal.
If Micron's earnings tonight can provide a strong guidance, coupled with the symbolic significance of Alphabet joining the Dow, it’s likely that the semiconductor and tech sectors will see a rebound window.
As for my own strategy:
I’m keeping a close eye on tonight's MU earnings, especially the management's outlook for Q4 and HBM, and preparing for volatility.
After Alphabet officially joins the index next Monday, related ETFs and tech-heavy stocks will also be worth watching.
The market always provides opportunities amidst volatility, so stay rational and keep an eye on catalysts.
(This is purely my personal opinion and does not constitute investment advice. DYOR.)
#USstocks #GOOGL #半导体