WS #12210
Semiconductor stocks (MU, SNDK) continue to sell off on capex concerns and Korea memory bottleneck, while Microsoft reclaims $400 and a $10.1M whale buys deep OTM AAPL calls, signaling rotation into Mag7. NVIDIA CEO Jensen Huang says AI boom is 'still at the beginning,' with data center revenue up 92% YoY, but market rotating out of semis. Netflix reports Q2 earnings after the bell; focus on ad-tier progress and engagement metrics.
Tech Rotation: Semis Selloff, Mag7 Recovery
Semiconductor stocks (MU, SNDK) continue to sell off on capex concerns and Korea memory bottleneck, while Microsoft reclaims $400 and a $10.1M whale buys deep OTM AAPL calls, signaling rotation into Mag7.
NVIDIA CEO Jensen Huang says AI boom is 'still at the beginning,' with data center revenue up 92% YoY, but market rotating out of semis.
Netflix reports Q2 earnings after the bell; focus on ad-tier progress and engagement metrics.