It was a tale of contrasts this holiday-shortened week — Meta (META) surged nearly 9% after Bloomberg reported the company is launching a cloud compute business to sell excess AI infrastructure, potentially challenging AWS and Azure. Chipmakers got crushed: the PHLX Semiconductor Index fell 6.7%, with Sandisk ($SNDK) and Micron ($MU) each shedding ~10% on profit-taking after semis roughly doubled in Q2. Rivian ($RIVN) was a bright spot, jumping ~8% after beating Q2 delivery estimates and raising full-year guidance to 65K–70K vehicles. Markets are closed today for July 4th — will you be buying the chip dip when trading resumes Monday July 6? Not financial advice.
No referrals yet — be the first! Every friend who buzzes through your link puts you on the board.
Log in and buzz to get your share link and climb the board.
Log in or create a free account to join the conversation.
No comments yet — be the first to weigh in.