$Rocket Lab(RKLB.US) spcx has anchored the price; you always have to watch its trend, and the small rocket is unlikely to move independently for now... there really isn't much change in the fundamentals.
U.S. stock night market volatility: SpaceX IPO raises competition concerns, Rocket Lab falls 3.19% in night trading
Space Stocks Fall in Overnight Session, RKLB Down Over 3%
Piper Sandler's first rating of three major commercial aerospace stocks: the only "buy" is AST SpaceMobile, while SpaceX and Rocket Lab face short-term headwinds
AST SpaceMobile (ASTS) vs. Rocket Lab (RKLB): Top Analyst Alexander Potter Has a Clear Favorite Space Stock
Space Sector Slides in Overnight Trading, NASA Down 2.02%, RKLB Off 1.93%
Space Stocks Mixed in After-Hours; ASTS Rises 0.87%, DXYZ Falls 1.07%
$Rocket Lab(RKLB.US) spcx has anchored the price; you always have to watch its trend, and the small rocket is unlikely to move independently for now... there really isn't much change in the fundamentals.
This round of adjustment is essentially the classic script of "taking profits + deleveraging," not a fundamental collapse. The hardest hit are precisely those that were the most crowded, most profitable, and most fully valued in the earlier stage—AI servers, HBM, advanced process chips, data center concepts, and so on. Capital, seizing on any slight movement during the earnings season (even a relative negative like "growth slightly below expectations"), cashes out floating profits and washes out leveraged positions along the way. Recent observations on the performance front: It's indeed as you said...
The space twins: ASTS has corrected about 60% from its high near 130, and RKLB has corrected about 55% from its high near 150. Both happened within two months. The volatility of growth stocks is indeed high.
Also, it's better not to go where the crowd is; crowded places are prone to trouble. ASML and TSMC's earnings are very strong, and TSMC even raised its capital expenditure. However, this round of adjustment in the semiconductor and related industries has been brutal, basically a one-wave correction of 30, 40, 50 percent, with more being deleveraging.
It feels a bit uncomfortable; July won't be easy.