Cybercab regulators pulled Tesla over, but AI memory hype is keeping our chip portfolio green

Morning brief: Labor Day quieted the floor after a hot jobs print, and traders are de-risking tech before our ORCL report

Published Sep 7, 2026, 8:01 AM EDT

Markets Closed for Labor Day Holiday

Wall Street takes a breather after a hot payrolls report sent rates higher, leaving sentiment at 42 ahead of Tuesday's reopening.

SNDK Surges 11.90% on Memory Demand

SanDisk rocketed higher alongside chip peers as soaring AI storage demand and tight flash memory supply drove massive buying interest.

ADBE Drops 6.73% Ahead of Earnings

Adobe tumbled as investors de-risked software positions prior to Thursday's quarterly report despite steady historical beat records.

TSLA Slides 5.92% in Tech Rotation

Tesla pulled back sharply as traders rotated out of high-valuation EV growth names following hawkish rate bets from strong jobs data.

Focus Shifts to CPI and Tech Earnings

Watch for volatility when markets reopen Tuesday as upcoming inflation prints and earnings from Oracle and Adobe set the autumn trend.

Posture: Adopting a Building Cash posture as Fear (42) and a 60% Fed rate-hike probability signal elevated volatility ahead of CPI.

Tickers in focus: QQQ, ORCL, TSLA

Upcoming earnings

• AVAV — 2026-09-09, After Market Close
• ADBE — 2026-09-10, After Market Close
• ORCL — 2026-09-10, After Market Close
• MU — 2026-09-30, After Market Close
• PEP — 2026-10-08, Before Market Open
• JNJ — 2026-10-13, TBD

Evening brief: Cybercab regulators pulled Tesla over, but AI memory hype is keeping our chip portfolio green

Published Sep 7, 2026, 8:01 PM EDT

AI Memory Boom Powers Tech Rally

Surging data center demand and tight NAND supply lifted semiconductor stocks, counteracting broader macro fear across equity markets.

SanDisk Surges 11.9% on AI Demand

Record data center revenue and $93.9B in long-term supply contracts propelled shares as tight NAND memory conditions boosted gross margins.

Tesla Drops 5.9% on NHTSA Audit

Regulatory scrutiny into its Cybercab safety certification unwound recent gains, dragging shares below key technical moving averages.

Astera Labs Jumps 9.8% on AI Fabric

Surging demand for PCIe 6 connectivity and robust institutional accumulation extended the stock's post-earnings momentum higher.

Focus Shifts to Oracle, Adobe Earnings

Traders turn to upcoming reports from Adobe and Oracle this week to gauge enterprise software demand and AI monetizations.

Posture: With Fear at 42, we adopt a Neutral posture, selectively leaning into high-conviction AI memory and storage tailwinds while keeping cash ready.

Tickers in focus: TSLA, MU, SMH

Upcoming earnings

• AVAV — 2026-09-09, After Market Close
• ADBE — 2026-09-10, After Market Close
• ORCL — 2026-09-10, After Market Close
• MU — 2026-09-30, After Market Close
• PEP — 2026-10-08, Before Market Open
• JNJ — 2026-10-13, TBD

The day's lineup changes

No lineup changes this day.