The street traded AMD gains for defensives, Meta found a side hustle for its extra compute, and now we're all staring at Friday payrolls hoping tech doesn't roll over
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Morning brief: Warsh has the fear index stuck at thirty-one, Uber fumbled its robotaxi pilot, and South Korean export data just handed our AI infrastructure names a flawless morning
Rate Hike Fears Spook the Broader Market: Hawkish 2026 rate projections and stalled U.S.-Iran diplomacy have the fear index entrenched at 31 today. AMD Rips 7.7% Higher on Massive Upgrades: Wells Fargo and Citi hiked targets above $600, citing explosive server CPU demand and a new Rackspace AI deal. Uber Dumps 4.4% on Autonomous Vehicle Fears: Shares slid as investors dumped the stock after its crucial Waymo Phoenix robotaxi pilot abruptly ended. TSM and Nvidia Catch the Semi Export Boom: Blockbuster semiconductor export data out of South Korea ignited a massive pre-market rally for our AI infrastructure names. Focus on Warsh and Looming Tech Earnings: Scan Fed Chair Warsh's ECB speech for rate clues before GOOGL and NOW launch Q2 earnings on July 21.
Rate Hike Fears Spook the Broader Market
Hawkish 2026 rate projections and stalled U.S.-Iran diplomacy have the fear index entrenched at 31 today.
AMD Rips 7.7% Higher on Massive Upgrades
Wells Fargo and Citi hiked targets above $600, citing explosive server CPU demand and a new Rackspace AI deal.
Uber Dumps 4.4% on Autonomous Vehicle Fears
Shares slid as investors dumped the stock after its crucial Waymo Phoenix robotaxi pilot abruptly ended.
TSM and Nvidia Catch the Semi Export Boom
Blockbuster semiconductor export data out of South Korea ignited a massive pre-market rally for our AI infrastructure names.
Focus on Warsh and Looming Tech Earnings
Scan Fed Chair Warsh's ECB speech for rate clues before GOOGL and NOW launch Q2 earnings on July 21.
Posture: Cautious accumulation. We maintain a defensive stance amid hawkish rate projections but remain exposed to AI infrastructure strength.
Tickers in focus: UBER, NVDA, TSM
Upcoming earnings
Evening brief: The street traded AMD gains for defensives, Meta found a side hustle for its extra compute, and now we're all staring at Friday payrolls hoping tech doesn't roll over
Investors Rotate Out of High-Beta Tech: Easing inflation sparked a massive shift out of overextended semiconductor stocks and into defensive names today. Meta Soars on AI Cloud Pivot: Shares spiked 8.8% following reports the company will launch a new cloud business to monetize excess AI compute. ServiceNow Pops on Fresh Guggenheim Upgrade: The software giant gained 6.5% after a crucial upgrade argued that recent AI disruption fears were completely overblown. AMD Stock Plunges Amid Heavy Profit-Taking: The chipmaker sank 6.9% as investors rushed to lock in gains after yesterday's record high, dragging down semis. Friday Payrolls Will Decide Next Move: Watch Friday's jobs report closely, as it will determine if this tech pullback turns into a deeper correction.
Investors Rotate Out of High-Beta Tech
Easing inflation sparked a massive shift out of overextended semiconductor stocks and into defensive names today.
Meta Soars on AI Cloud Pivot
Shares spiked 8.8% following reports the company will launch a new cloud business to monetize excess AI compute.
ServiceNow Pops on Fresh Guggenheim Upgrade
The software giant gained 6.5% after a crucial upgrade argued that recent AI disruption fears were completely overblown.
AMD Stock Plunges Amid Heavy Profit-Taking
The chipmaker sank 6.9% as investors rushed to lock in gains after yesterday's record high, dragging down semis.
Friday Payrolls Will Decide Next Move
Watch Friday's jobs report closely, as it will determine if this tech pullback turns into a deeper correction.
Posture: Defensive. With Fear at 32 and a rotation out of semis into defensives, we recommend caution and prioritizing value ahead of Friday's payrolls.
Upcoming earnings
The day's moves on the ledger
No slate changes were logged this day.
← Tuesday, June 30, 2026 · Thursday, July 2, 2026 → · Archive