The S&P 500 (SPX) is currently trading within a larger range, with sectors showing rotational movement rather than broad-based alignment, suggesting the market is not yet moving in a meaningful directional way.
Source Post
askSlim Market Week Brief 07/31/26 - Analysis of Financial Markets
Jul 31, 2026
The market saw significant volatility last week, with AI infrastructure stocks experiencing a sharp sell-off early in the week, followed by a strong rebound driven by positive earnings from Microsoft and Amazon. The FOMC held rates steady, but concerns about persistent inflation led to a spike in long-term yields. The analysis will focus on three segments within AI compute stocks: public cloud hyperscalers, vertical proprietary hyperscalers, and neo clouds.
Linked Mentions
Tickers discussed in this post
Snowflake (SNOW) and Datadog (DDOG) were identified as AI software cloud names that held tight and followed through to the upside while the overall market sold off, indicating a strong theme and relative strength.
Datadog (DDOG) and Snowflake (SNOW) were identified as AI software cloud names that held tight and followed through to the upside while the overall market sold off, indicating a strong theme and relative strength.
NBIS is showing signs of a late low, with a potential upside target zone between 222 and 240 if it can break through 212.14, but needs to rebuild momentum.
SpaceX AI, a new IPO, has fallen significantly from its IPO price and is hovering near lows, with attention on post-earnings action.
NVIS is mentioned as an example of a neo cloud company that will be analyzed.
CoreWeave is mentioned as an example of a neo cloud company that will be analyzed.
AMD was mentioned as a name that saw large rallies on Thursday.
LRCX experienced very large moves down but also saw large rallies on Thursday following positive earnings reports from Microsoft and Amazon.
MU experienced very large moves down but also saw large rallies on Thursday following positive earnings reports from Microsoft and Amazon.
Linked Signals
Tracked calls opened from this post
No linked signals were opened directly from this post.