Amazon performed well today, indicating strength within the 'Mag 7' group, though some others are lagging.
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WHY IS $NVDA CRASHING WHILE $AMD SKYROCKETS?!?
The creator discusses the recent divergence in semiconductor stocks, with Nvidia ($NVDA) selling off while AMD ($AMD) and others like SanDisk, Intel, and Super Micro ($SMCI) are surging. This rotation is attributed to investors taking profits in crowded AI leaders like Nvidia and moving into laggards or peers with catch-up potential, driven by technicals and earnings upgrades. Despite Nvidia's short-term weakness, its long-term AI story and strong fundamentals remain intact.
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Alphabet (Google) is performing quite well, contrasting with some other 'Mag 7' companies that are lagging.
Microsoft is noted as potentially selling off slightly, aligning with other 'Mag 7' companies that are lagging the broader market.
Meta Platforms is mentioned as one of the 'Mag 7' companies that seem to be lagging behind while the rest of the market pushes higher.
Super Micro is up nearly 20% after hours, indicating strong performance and benefiting from the rotation into AI-related semiconductor stocks.
Intel has traded in an incredibly bullish way, benefiting from the rotation into semiconductor stocks with catch-up potential.
SanDisk is performing strongly, up 4.6% in the past week and is part of the rotation into semiconductor stocks with catch-up potential.
Lam Research is included as a semiconductor stock seeing investor rotation due to its catch-up potential and positive technical indicators.
Marvell Technology is listed as a semiconductor stock attracting investor rotation due to its potential for catch-up and bullish technicals.
Broadcom is identified as a semiconductor stock benefiting from investor rotation due to its potential for catch-up and bullish technicals.
Micron is mentioned as one of the semiconductor stocks attracting investor rotation due to bullish technicals and potential catch-up.
Nvidia is selling off due to short-term technical weakness, profit-taking after a massive run, and rotation into other semi names, despite its strong long-term AI story.
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