ζ Micron & Corning Get CRUSHED as Tech Unwinds
Micron Fell 11% in a Global Memory Rout MU 0.00%↑
Micron MU 0.00%↑ fell 11% with Sandisk down 17% as the chip sector stretched its drawdown past 20% from the June record. The names that led the rally became the liquidity of the exit. The most crowded room has the narrowest door.
Palantir Fell 7% as Nvidia Lost the Crown PLTR 0.00%↑
Palantir PLTR 0.00%↑ fell 7% and Super Micro 7% as Nvidia ceded the most-valuable-company title to Apple, days before Amazon, Meta and Microsoft report. One capex line started the repricing. 3 more print this week. Positioning meets its calendar.
IQVIA Broke a 52-Week High on a Beat IQV 0.00%↑
IQVIA IQV 0.00%↑ broke a 52-week high, up 12% on EPS of $3.15 against a $3.04 consensus and a raised full-year guide, while the chip index fell 5% on the same tape. Dispersion is what pays when the index stops being one trade.
Corning Grew EPS 30% and Fell 20% GLW 0.00%↑
Corning GLW 0.00%↑ fell nearly 20% after core EPS rose 30% and sales 17%, both beats, on Q3 revenue guidance 1.7% under consensus. The stock entered the print up 58% for the year. Price pays for the surprise, not the growth.
Behind the paywall today: yesterday’s recorded mentoring session, the same room my mentorship members sat in live. NVIDIA NVDA 0.00%↑ , Visa V 0.00%↑ , Boeing BA 0.00%↑ , Ford F 0.00%↑ , PayPal PYPL 0.00%↑ and Apple AAPL 0.00%↑ , each read through the cycle engine: the phase each one is in, its Zeta-X expectancy, and the calculated exposure ceiling for this exact point of the cycle. The full reasoning, not just the conclusion, on demand.
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