Semis officially became the most crowded trade in history, AMD slid on pure exhaustion, and now we're all pretending we loved Apple all along
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Morning brief: A Middle East truce gave us record highs, AMD is throwing money at the Nvidia problem, and now we're hoping Warsh doesn't ruin a perfectly good rally tomorrow
Published
US-Iran Truce Ignites Broad Market Rally
A tentative ceasefire deal easing Middle East tensions and reopening the Strait of Hormuz has equities hitting record highs.
AMD Surges 7% on MEXT AI Acquisition
AMD acquired memory-optimization startup MEXT to clear data center bottlenecks, while launching new AI hardware to rival Nvidia.
Robinhood Jumps 5% on Prediction Market Hype
Analyst upgrades, a massive insider buy, and record World Cup prediction volumes on the new Rothera exchange fueled shares.
Bloom Energy Pops 5% on AI Power Needs
Shares climbed as analysts highlighted Bloom's growing on-site power pipeline to feed energy-hungry AI data centers.
Fed Chair Warsh Faces First Policy Test
The Fed meeting begins today. Watch for volatility tomorrow when Chairman Kevin Warsh delivers his first rate decision.
Posture: A neutral stance is optimal. Despite the truce rally, Fear & Greed at 41 and tomorrow's Fed decision by Warsh dictate a cautious approach.
Tickers in focus: SPY, AMD
Upcoming earnings
Evening brief: Semis officially became the most crowded trade in history, AMD slid on pure exhaustion, and now we're all pretending we loved Apple all along
Published
Semis Hit Peak Crowding
A BofA survey shows 80% of fund managers view long semis as history's most crowded trade, sparking a sector-wide unwind.
AMD Dumps 7.3% on Profit-Taking
Shares plunged on intense valuation pressure, ignoring Wolfe Research's bullish note on improving server supply.
AVGO Extends Post-Earnings Slide
Broadcom fell another 4.4% as the market continues to brutally penalize the stock for missing lofty AI whisper numbers.
TSM Drops Despite Amkor Deal
Taiwan Semi fell 3.5% with the sector, completely ignoring its new 10-year advanced packaging partnership with Amkor.
Mega-Caps Catch the Rotation
Watch the safety trade tomorrow. Capital is fleeing frothy chip multiples and hiding out in mega-caps like Apple.
Posture: Defensive. With Fear at 39 and the crowded semiconductor trade unwinding, capital is rotating toward stable mega-caps and safety plays.
Tickers in focus: SMH, AMD, AAPL
Upcoming earnings
The day's lineup changes
No lineup changes this day.
← Monday, June 15, 2026 · Wednesday, June 17, 2026 → · June 2026 archive · Archive