Hawkish Fed vibes chilled tech, AI supply fears rattled chips, but our creative plays popped
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Morning brief: Chip stocks felt the pain from China and AI, but our software plays found a new gear before the Fed
Semi Selloff And Key Fed Decision: Chinese chip progress and AI capex fears are crushing semiconductor stocks, while traders brace for a potential surprise rate hike from Fed Chair Warsh today. SNDK Dives 14.2% on China Risk: SanDisk plummeted 14.25% in a broad memory selloff, fueled by rising Chinese competition like CXMT and growing doubts over the sustainability of AI spending. COHR Drops 10.3% on AI Fears: Coherent plunged 10.31% as negative free cash flow from hyperscalers ignited a violent rotation out of richly valued AI optical and infrastructure names. WDAY Surges 8.2% on AI Demand: Workday rallied 8.24% as investors rotated back into software, bolstered by strong momentum in its newly released agentic AI product lines. Watch The Fed And Tech Earnings: Today's Fed rate decision is critical, but the market's next move hinges on whether Meta and Microsoft earnings justify massive AI capital expenditures tonight.
Semi Selloff And Key Fed Decision
Chinese chip progress and AI capex fears are crushing semiconductor stocks, while traders brace for a potential surprise rate hike from Fed Chair Warsh today.
SNDK Dives 14.2% on China Risk
SanDisk plummeted 14.25% in a broad memory selloff, fueled by rising Chinese competition like CXMT and growing doubts over the sustainability of AI spending.
COHR Drops 10.3% on AI Fears
Coherent plunged 10.31% as negative free cash flow from hyperscalers ignited a violent rotation out of richly valued AI optical and infrastructure names.
WDAY Surges 8.2% on AI Demand
Workday rallied 8.24% as investors rotated back into software, bolstered by strong momentum in its newly released agentic AI product lines.
Watch The Fed And Tech Earnings
Today's Fed rate decision is critical, but the market's next move hinges on whether Meta and Microsoft earnings justify massive AI capital expenditures tonight.
Posture: Defensive posture. High caution is warranted ahead of today's Fed decision and tonight's massive tech earnings amid growing AI capex fears.
Tickers in focus: SMH, WDAY
Upcoming earnings
Evening brief: Hawkish Fed vibes chilled tech, AI supply fears rattled chips, but our creative plays popped
Tech Selloff on Fed Rate Pause: A hawkish Fed rate hold and lingering inflation fears sparked a massive tech rotation, dragging the Nasdaq down 1.7%. Vertiv Dives 17.26% on Revenue Miss: Despite beating earnings and raising guidance, supply chain delays caused a Q2 revenue miss that triggered a violent selloff. Micron Sinks 9.94% as Support Cracks: Broader AI oversupply fears and new South Korean curbs on leveraged retail ETFs pushed shares below key technical support. Adobe Pops 5.72% on FTC Clearance: Shares rallied after securing early FTC clearance to acquire Topaz Labs, clearing the path to expand its AI-driven creative tools. AI Capex Nerves Face Big Tech Test: With AI hardware multiples compressing, all eyes are on imminent megacap tech earnings to justify massive infrastructure spending.
Tech Selloff on Fed Rate Pause
A hawkish Fed rate hold and lingering inflation fears sparked a massive tech rotation, dragging the Nasdaq down 1.7%.
Vertiv Dives 17.26% on Revenue Miss
Despite beating earnings and raising guidance, supply chain delays caused a Q2 revenue miss that triggered a violent selloff.
Micron Sinks 9.94% as Support Cracks
Broader AI oversupply fears and new South Korean curbs on leveraged retail ETFs pushed shares below key technical support.
Adobe Pops 5.72% on FTC Clearance
Shares rallied after securing early FTC clearance to acquire Topaz Labs, clearing the path to expand its AI-driven creative tools.
AI Capex Nerves Face Big Tech Test
With AI hardware multiples compressing, all eyes are on imminent megacap tech earnings to justify massive infrastructure spending.
Posture: Defensive posture. With the Fear index at 32, a hawkish Fed pause, and tech rotation, we prioritize capital preservation and quality value.
Tickers in focus: QQQ, MU, ADBE
Upcoming earnings
The day's moves on the ledger
No slate changes were logged this day.
← Tuesday, July 28, 2026 · Thursday, July 30, 2026 → · Archive