JPM Morgan traders are tactically cautious about the market.
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Why AI Stocks Are Selling Before Friday
Jun 9, 2026
The market is showing signs of a split, with AI-related stocks like Nvidia and Broadcom experiencing pressure despite a general rebound. This is attributed to several factors including concerns about the AI trade's sustainability, significant capital raises by tech companies, and geopolitical risks. While some analysts believe the bull market remains intact, the market is becoming more fragile and investors are shifting from greed to fear.
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Tickers discussed in this post
Bank of America is warning about red flags in the market.
Taiwan Semiconductor is highlighted as a critical supplier of leading-edge wafers for the entire accelerator industry, making it difficult to over-order production.
ASML is likely included in the 'KA' mention, which was green after a sector sell-off, suggesting continued strength in the semiconductor equipment sector.
Lam Research was among the green semiconductor stocks following a pullback, indicating sustained investor interest in the sector.
SpaceX's capital expenditure has surged dramatically due to its AI initiatives, transforming it into a capital-intensive business.
Google is raising $80 billion to fund its AI initiatives, indicating a significant shift towards capital-intensive operations.
Amazon was mentioned as being under pressure for the month, indicating broader market weakness.
Meta was mentioned as being red on a rebound day and is under pressure for the month, indicating broader market weakness.
Google was mentioned as being red on a rebound day and is under pressure for the month, indicating broader market weakness.