🚨 PRE-MARKET UPDATE: CHIP STOCKS UNDER PRESSURE
Qualcomm ($QCOM) is down 11.1% following earnings, and the semiconductor weakness is spreading across the sector ahead of the opening bell.
📉 Chip stocks:
→ ARM −7.1%
→ Applied Materials −4.9%
→ AMD ($AMD) −4.8%
→ Micron −4.4%
📊 Market snapshot:
→ Nasdaq futures −0.8%
→ S&P 500 futures +0.1%
→ Amazon +2.1%
→ Jobless claims: 189K vs. 196K expected
→ 10-year Treasury yield: 4.91%
My take: This looks more like capital rotating out of tech into other sectors rather than money leaving the market entirely.
⚠️ The biggest risk? If Nvidia ($NVDA) falls more than 3%, semiconductor weakness could turn into a broader Nasdaq sell-off.
The first 30 minutes after the opening bell will be crucial. 👀
Watching closely: $QCOM $NVDA $AMD
#Semiconductors #Earnings #AI #StockMarket #MarketUpdate
Qualcomm ($QCOM) is down 11.1% following earnings, and the semiconductor weakness is spreading across the sector ahead of the opening bell.
📉 Chip stocks:
→ ARM −7.1%
→ Applied Materials −4.9%
→ AMD ($AMD) −4.8%
→ Micron −4.4%
📊 Market snapshot:
→ Nasdaq futures −0.8%
→ S&P 500 futures +0.1%
→ Amazon +2.1%
→ Jobless claims: 189K vs. 196K expected
→ 10-year Treasury yield: 4.91%
My take: This looks more like capital rotating out of tech into other sectors rather than money leaving the market entirely.
⚠️ The biggest risk? If Nvidia ($NVDA) falls more than 3%, semiconductor weakness could turn into a broader Nasdaq sell-off.
The first 30 minutes after the opening bell will be crucial. 👀
Watching closely: $QCOM $NVDA $AMD
#Semiconductors #Earnings #AI #StockMarket #MarketUpdate
