A US-Iran peace memo erased the VIX, chips are hitting record highs, and we're stuck watching software pay for Accenture's sins ahead of Monday's liquidity hangover
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Evening brief: A US-Iran peace memo erased the VIX, chips are hitting record highs, and we're stuck watching software pay for Accenture's sins ahead of Monday's liquidity hangover
Chips Lead Rebound as VIX Plunges: The Nasdaq surged as semiconductors hit record highs, aided by falling volatility following a US-Iran peace memorandum. TSM Surges on Planned Price Hikes: Shares jumped 7% after management projected revenue growth above 30% and signaled potential 15% foundry price increases. AMD Rallies on Rackspace AI Pact: The stock rose almost 5% following analyst upgrades and a multi-year deal to deploy AI compute capacity for Rackspace. CRM Slides on Accenture Guidance Cut: Software lagged after Accenture slashed its revenue outlook, sparking fears of a slowdown in discretionary IT spending. Watch for Monday Liquidity Reset Volatility: Following the Juneteenth holiday, expect sharp intraday price swings and shifting rate expectations when regular trading resumes.
Chips Lead Rebound as VIX Plunges
The Nasdaq surged as semiconductors hit record highs, aided by falling volatility following a US-Iran peace memorandum.
TSM Surges on Planned Price Hikes
Shares jumped 7% after management projected revenue growth above 30% and signaled potential 15% foundry price increases.
AMD Rallies on Rackspace AI Pact
The stock rose almost 5% following analyst upgrades and a multi-year deal to deploy AI compute capacity for Rackspace.
CRM Slides on Accenture Guidance Cut
Software lagged after Accenture slashed its revenue outlook, sparking fears of a slowdown in discretionary IT spending.
Watch for Monday Liquidity Reset Volatility
Following the Juneteenth holiday, expect sharp intraday price swings and shifting rate expectations when regular trading resumes.
Posture: Cautiously opportunistic. Capitalizing on fear-driven discounts while riding AI hardware momentum amidst plunging volatility.
Tickers in focus: TSM, AMD, ACN
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