I’m not at all worried about this semiconductor drop.
AMD sold off right at the open—down 6%. NVDA is only down 2%.
Over the past year and a half, whenever semiconductors move, it’s always NVDA leading the way. This time it’s the opposite—AMD is leading the selloff downward.
Gold is still rising, while the Dow is only down 0.6%. This is rotation—money moving from story stocks to hard assets.
If NVDA can hold up, I still don’t believe AI trading is over. When it actually breaks down, I’ll consider going short.
At this level, I’m not buying AMD. The water hasn’t fully drained yet.
AMD sold off right at the open—down 6%. NVDA is only down 2%.
Over the past year and a half, whenever semiconductors move, it’s always NVDA leading the way. This time it’s the opposite—AMD is leading the selloff downward.
Gold is still rising, while the Dow is only down 0.6%. This is rotation—money moving from story stocks to hard assets.
If NVDA can hold up, I still don’t believe AI trading is over. When it actually breaks down, I’ll consider going short.
At this level, I’m not buying AMD. The water hasn’t fully drained yet.