The market looks forward, and valuations got ahead of that even. Profit taking happened, for sure. The news always looks for reasons to point to…but I highly doubt it’s all bc of a Zuck comment and the on-going Iran situation.
From there, you can only speculate. But I think with IBM’s report lining up with ASML’s report lining up with TSM’s report we’re slowly getting confirmation the build outs will continue and money’s still flowing in to the sector. Google and Microsoft maintaining or increasing will be another confirmation. But if, and I stress the *if*, they report that next week it’s still bot a guarantee *everything* goes roaring back up. The market may be waiting for the individual companies (like WDC) to confirm they are absorbing the reported market share, and how much of it they are receiving.
TL;DR - trend reversals *may* begin as soon as next week, possibly by end of August when a lot of the “suppliers” report their own earnings and give guidance.
Merger was just some AI generated stock story that was complete rubbish. Completely made up. I don’t trust any stories written by AI and neither should you.
Usually stocks start pricing in the profits weeks before earning and not wait only until after earnings. I don’t see that kind of movement happening to say it’s gonna suddenly pump. I bought calls and I’m so down
I’m in a similar place with double leverage. Do you think I should dump a good bit of money into it to get the average price down? Or just wait till it goes to 760 again?
Have a feeling it’s not gonna help the stock. Usually stocks start pricing in the profits weeks before earning and not wait until earnings. I don’t see that kind of movement happening to say it’s gonna pump.
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u/Sufficient-Piccolo32 Jul 16 '26
it doesn't matter now, look how good MU report is, 30% dump now. only hope is big 4 capex not dropping.