+11% today. New ATH.
Micron started shipping a 245TB SSD. Uses 82% fewer racks than hard drives.
Fitch upgraded their debt rating. Hyperscalers are now signing long-term supply deals just to lock in capacity.
Then Meta, Microsoft, and Apple all warned about rising memory costs on earnings last week.
+122% YTD. +690% past year.
I was watching the setup on markets.xyz before the open. Volume was already telling the story.
$700 next or do we think it slows down?
Yesterday S&P closed at 7,137. Record high. Trump extended the ceasefire. Definitely good news since the market is pretty flat right now. What I'm wondering is if the market didn't price in a ceasefire. It priced in a resolution. Those aren't the same thing. Strait of Hormuz still closed. Iran said it won't negotiate. Brent still above $100. We're at all time highs with an active war and $100 oil.
Been tracking all of this live on markets.xyz, the heatmaps make the sector rotation pretty obvious when days like today don't make sense on the surface.
wonder what you guys think about the situation? one thing for sure, i'm sick of this back and forth and hoping for all that there is a resolution soon