The Weekend Rip
Happy Weekend! | | This week was basically the AI trade going from victory lap to stress test. Early strength came from servers, optics, custom silicon, and power infrastructure, but by Friday the hot jobs report, higher-rate fears, Bitcoin weakness, and a brutal semi selloff reminded everyone that crowded trades still have exits. | Let's recap and prep you for the week ahead. | Monday : Stocks closed green as AI hardware kept dragging the tape higher, even with oil jumping and geopolitical headlines trying to ruin the mood. HPE ripped after a monster AI-server quarter, while Credo proved that even triple-digit growth can get punished when expectations are already levitating. Meta and Alphabet showed the less fun side of the AI trade: huge spending plans that still need a believable payback story. | Tuesday : The market closed green as AI infrastructure became the only story anyone wanted to trade. Networking, custom silicon, optics, and servers ripped after Jensen Huang put Marvell in the trillion-dollar conversation and HPE backed up the AI-server demand story with earnings. Strategy got hit over a tiny but symbolically loud Bitcoin sale, while BlackBerry’s QNX crowd treated $10 like a holiday. | Wednesday : Stocks pulled back from all-time highs as oil, yields, tariffs, and Beige Book inflation pressure hit the tape at once. Broadcom beat and guided higher, but its software miss gave traders a reason to pressure the AI/software complex. Macy’s offered a rare retail bright spot, while the macro backdrop basically said, “nice rally, shame if costs stayed sticky.” | Thursday : The Dow hit another record while the Nasdaq lagged, making this less of a risk-off day and more of a very pointed rotation out of crowded AI tech. Broadcom kept pressure on semis, but Blackstone, Apollo, Goldman, JPMorgan, and American Express showed the financing side of the AI trade still had buyers. After hours, Lululemon, DocuSign, and Ciena gave traders a fresh batch of “good numbers, bad stock” earnings debates. | Friday : The market got smoked after a stronger-than-expected jobs report made rate cuts look less obvious and tech suddenly remembered gravity exists. Semis led the damage, Bitcoin cracked $60K, and the Nasdaq selloff turned “healthy AI pullback” into “check on the leverage.” Meta’s possible AI-funding stock sale, SpaceX’s monster IPO demand, and a brutal Pops & Drops board gave the issue its wonderfully cursed Friday flavor.' | This week's StocksTop 25 showed how momentum movers fared vs. the indexes. | Here are the closing prices: | |
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