$SOXL
Proper shocking news dropping from the Financial Times today, innit:
OpenAI went and told their investors that their actual yearly revenue is sitting around just 50 billion dollars
That's a massive 20 billion quid less than all the chatter on the street was saying (70 bil). Proper dynamic downer compared to what the market was banking on for all this AI hype
$NVDA
Result was instant, mate: shares in Nvidia, Oracle, Broadcom, and AMD completely took a dive during the session, and the whole semiconductor index got absolutely battered
That 3x leveraged SOXL doubled up the hit straight away, dropping over 10%. On top of all that, US Treasury yields shot up to their highest since 2002 'cause of oil going through the roof, putting even more grief on all those pricey growth stocks
This ain't just your standard bit of technical pullback , this is a proper re-pricing of the whole AI dream
Crucial support's sitting right at 136
If it breaks that, we're heading straight down to 125 in no time
But if it holds above 142 once the news calms down a bit, we could see a right proper bounce back up towards 155 in a couple of days
$AMD
#Market_Update #USMarketUpdate #Aİ
Proper shocking news dropping from the Financial Times today, innit:
OpenAI went and told their investors that their actual yearly revenue is sitting around just 50 billion dollars
That's a massive 20 billion quid less than all the chatter on the street was saying (70 bil). Proper dynamic downer compared to what the market was banking on for all this AI hype
$NVDA
Result was instant, mate: shares in Nvidia, Oracle, Broadcom, and AMD completely took a dive during the session, and the whole semiconductor index got absolutely battered
That 3x leveraged SOXL doubled up the hit straight away, dropping over 10%. On top of all that, US Treasury yields shot up to their highest since 2002 'cause of oil going through the roof, putting even more grief on all those pricey growth stocks
This ain't just your standard bit of technical pullback , this is a proper re-pricing of the whole AI dream
Crucial support's sitting right at 136
If it breaks that, we're heading straight down to 125 in no time
But if it holds above 142 once the news calms down a bit, we could see a right proper bounce back up towards 155 in a couple of days
$AMD
#Market_Update #USMarketUpdate #Aİ