After the open: the S&P 500 opened green, then turned red; the chip index is down 5.0%, below 10,000.
→ Huang's exit spread to the rivals: AMD −10.9%, Broadcom −6.2%, CoreWeave −10.1%
→ Nvidia was up 2.2% early, now down 3.9%; VIX at 20.4
→ PPI came in below expectations, but couldn't hold the green open
I think what broke today is the "rivals win from the vacuum" thesis.
Worst case: if the chip index closes below 9,800, the selling spreads to the entire AI basket; that's the level I'm watching.
#Stocks #AI
Watching: $NVDA $AMD $AVGO
→ Huang's exit spread to the rivals: AMD −10.9%, Broadcom −6.2%, CoreWeave −10.1%
→ Nvidia was up 2.2% early, now down 3.9%; VIX at 20.4
→ PPI came in below expectations, but couldn't hold the green open
I think what broke today is the "rivals win from the vacuum" thesis.
Worst case: if the chip index closes below 9,800, the selling spreads to the entire AI basket; that's the level I'm watching.
#Stocks #AI
Watching: $NVDA $AMD $AVGO
