Broadcom locked in Apple through 2031, Goldman blessed AMD, and AI dragged the market green while we quietly wait for Alphabet to tell us if this rally is real
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Morning brief: Tech money is rotating into value, Zuck admitted his AI is lagging, and we're buying Celsius dips just to stay awake for the Fed minutes
Tech Rotation Extends Post-Holiday: A soft June jobs report and shifting Fed rate odds are driving money out of tech and into value. Bloom Sinks on Peak Valuation: Despite expanding its Brookfield AI power deal to $25 billion, traders locked in profits following a massive 170% run. Meta Slides on Slower AI Progress: The stock sank 4.9% after a leaked town hall revealed Mark Zuckerberg admitting AI agent development is lagging targets. Celsius Pops on Value Hunting: Shares rose 4.1% as institutional buyers bought the dip, brushing off Texas regulatory probes over youth marketing. Eyes on Wednesday's FOMC Minutes: Watch the upcoming FOMC release for rate cut clues before Delta Air Lines officially opens Q2 earnings on Friday.
Tech Rotation Extends Post-Holiday
A soft June jobs report and shifting Fed rate odds are driving money out of tech and into value.
Bloom Sinks on Peak Valuation
Despite expanding its Brookfield AI power deal to $25 billion, traders locked in profits following a massive 170% run.
Meta Slides on Slower AI Progress
The stock sank 4.9% after a leaked town hall revealed Mark Zuckerberg admitting AI agent development is lagging targets.
Celsius Pops on Value Hunting
Shares rose 4.1% as institutional buyers bought the dip, brushing off Texas regulatory probes over youth marketing.
Eyes on Wednesday's FOMC Minutes
Watch the upcoming FOMC release for rate cut clues before Delta Air Lines officially opens Q2 earnings on Friday.
Posture: Adopting a cautious, value-oriented posture as market sentiment reads Fear (34). Money is rotating out of overvalued tech into value ahead of FOMC.
Upcoming earnings
Evening brief: Broadcom locked in Apple through 2031, Goldman blessed AMD, and AI dragged the market green while we quietly wait for Alphabet to tell us if this rally is real
AI Stock Rebound Lifts Broad Market: Despite lingering market fear, a strong rebound in AI names pushed the S&P 500 up 0.7% today. ACHR Gains on Russell Index Inclusion: Shares surged 7.8% on fresh Russell index inclusion inflows and steady progress into Phase 4 FAA certification. AMD Surges on Goldman Sachs Upgrade: Shares jumped 6.6% as Goldman Sachs raised its target to $640, citing accelerating data center AI momentum. Broadcom Secures Long Term Apple Deal: Shares jumped 3.7% after officially extending its lucrative custom ASIC chip supply agreement with Apple through 2031. Mega-Cap Tech Earnings Loom This Month: Alphabet kicks off major tech earnings on July 21, marking a critical test for AI market valuations.
AI Stock Rebound Lifts Broad Market
Despite lingering market fear, a strong rebound in AI names pushed the S&P 500 up 0.7% today.
ACHR Gains on Russell Index Inclusion
Shares surged 7.8% on fresh Russell index inclusion inflows and steady progress into Phase 4 FAA certification.
AMD Surges on Goldman Sachs Upgrade
Shares jumped 6.6% as Goldman Sachs raised its target to $640, citing accelerating data center AI momentum.
Broadcom Secures Long Term Apple Deal
Shares jumped 3.7% after officially extending its lucrative custom ASIC chip supply agreement with Apple through 2031.
Mega-Cap Tech Earnings Loom This Month
Alphabet kicks off major tech earnings on July 21, marking a critical test for AI market valuations.
Posture: Neutral but opportunistic. Market sentiment sits at 44 (Fear) but is rebounding rapidly alongside AI momentum, signaling a chance to buy the dip.
Tickers in focus: AVGO, AMD, GOOGL
Upcoming earnings
The day's moves on the ledger
No slate changes were logged this day.