The AI Infrastructure Top and Apple Saves the Indexes
This week on Stock Market Weekly (Episode #841), we cover This May Be the Top for AI Hardware. We also break down the S&P 500, Nasdaq 100, Russell 2000, and the sectors and themes driving price action.
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In this week’s episode
AI hardware stocks suffered a sharp reset as strong earnings from Taiwan Semiconductor and Micron failed to satisfy investors, raising questions about whether expectations have moved too far ahead of fundamentals. Semiconductors and momentum names remain damaged, while the broader indexes are being supported by select Mag 7 stocks and improving participation elsewhere.
This episode breaks down critical support in QQQ and SMH, the risks of chasing oversold bounces, and where leadership may be shifting next. Cybersecurity, energy, financials, and biotech are emerging as areas traders should watch closely.
Video episode timestamps
- 0:00 Introduction – Key Events From This Week’s Trading
- 0:42 Taiwan Semi Earnings Impact
- 1:34 $NVDA 12-Month Performance
- 2:30 Semiconductors Cooling Off
- 3:04 Weekly Drawdown Report
- 5:00 Quant Rockets Momentum Portfolio
- 6:09 Open-Source AI Model Disruption
- 7:15 Market Headwinds & Seasonality
- 13:00 Fear Cascade & Margin Calls
- 16:26 VIX Rising Near 20
- 16:46 $NVDA Weekly Technical Chart
- 18:45 $MU Down 35% – Price Action
- 20:20 Semiconductor Stock Breakdown
- 20:36 $CRWD Breakout & Rotation Plays
- 21:56 $AAPL Strength & Earnings Season
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