Feels like the only thing that hasn’t crashed…
Is memory like $Micron Tech(MU.US), indexes, or large cap semis like Intel so far.- Photonics from $AXT(AXTI.US) to $SIVE down 40%.- Space from $AST SpaceMobile(ASTS.US) and $Rocket Lab(RKLB.US) down 40% 1M. - Popular AI names like $Palantir Tech(PLTR.US) is down ~35% YTD. - Software like $Salesforce(CRM.US) down -40%.- Bitcoin sub <60k, Ethereum sub <$16k.Not a fun time with a hawkish fed narrative and potential rate hikes. However this does sorta feel overshot due to margin liquidations on less liquid assets compared to mega caps.But we’ll see what happens, usually fundamentals override liquidity shock in the longer run.I’m still personally bullish on the AI buildout + upstream AI capex beneficiaries, but 1-2 potential rate hikes certainly don’t help.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments