Non-farm payrolls rose by 162,000, nearly three times expectations. The probability of a rate hike surged back to 58%, while the broader U.S. stock market instead plunged.
SanDisk jumped nearly 12% in a single day, becoming the top gainer in the S&P 500 that day.
The market is changing its script: it is no longer just a storage stock, but more like the “shovel seller” of AI computing power.
What is supporting it are these factors:
Its inclusion in the S&P 100 will take effect on September 21, and passive funds tracking the index must build positions in advance;
Market reports say Dell’s AI server orders have exceeded $130 billion—what is being bought is not expectations, but orders;
The Philadelphia Semiconductor Index rose 3.37% against the trend; capital didn’t leave, it just hid from overvalued consumer tech into AI hardware.
Some are already calling for 1800, while others are asking whether Monday will bring a waterfall drop. Bears are holding onto extended rate hikes, resistance to price increases in consumer storage, and the risk that short-term profit-taking could loosen at any moment.
If September CPI again comes in above expectations, how long can this AI safe haven rally keep going on its own?
SanDisk jumped nearly 12% in a single day, becoming the top gainer in the S&P 500 that day.
The market is changing its script: it is no longer just a storage stock, but more like the “shovel seller” of AI computing power.
What is supporting it are these factors:
Its inclusion in the S&P 100 will take effect on September 21, and passive funds tracking the index must build positions in advance;
Market reports say Dell’s AI server orders have exceeded $130 billion—what is being bought is not expectations, but orders;
The Philadelphia Semiconductor Index rose 3.37% against the trend; capital didn’t leave, it just hid from overvalued consumer tech into AI hardware.
Some are already calling for 1800, while others are asking whether Monday will bring a waterfall drop. Bears are holding onto extended rate hikes, resistance to price increases in consumer storage, and the risk that short-term profit-taking could loosen at any moment.
If September CPI again comes in above expectations, how long can this AI safe haven rally keep going on its own?