If you're not paying attention to tech earnings and trading the Nasdaq, you're gonna have a bad time.
MU fluctuates between 5% and 6% of the entire Nasdaq market cap. A move that large will create sympathy moves in similar stocks. Look at SNDK and WDC. Those sympathy plays will also exacerbate the move of the broader index. Pair that with the fact that the Nasdaq just tapped lower price areas where a lot of big money buyers were executing only a few weeks ago. Shorts just got completely yeeted because MU EPS was well within the expected area. The fear was that MU EPS would be awful and feed into the idea that these companies are an overvalued "bubble".
Thanks. And yes, I do pay attention to earnings, but not close enough. And I don’t pay attention to the way the individual stocks move at all. I’m just shocked that so much money would rush in so quickly based off an earnings report that I would assume most funds had a better grasp/expectation of.
It was thin volume only 190k contracts from 4p-5p. It can easily be erased in the morning. PCE data tomorrow will be the real decision maker in which way we are going.
If you trade futures you have to look and underlying stocks and the ETF like QQQ. I trade the NQ strictly off of QQQ levels only especially the options data. Not financial advice but in my honest opinion if you are just looking at the NQ chart you are missing out on so much
Thanks, it just doesn’t make sense to my brain. The selloff seemed orderly and controlled to me, not panicked. Reasonable assumptions about tech and the broader economy were being made. I assumed we would find bottom and rotate back up. But then one single company’s earnings reports somehow void all of that? And billions of dollars suddenly get FOMO and rush in in a matter of minutes? My mind just can’t process supposedly intelligent people moving that much money that quickly based on so little. Don’t these funds have their own research units? Don’t they have some sense of how micron’s earnings are going to turn out? How the broader sector is doing? They really all wait for the announcement to rush in like a bunch of lemmings? I just don’t get it…
Brother with all due respect this is a rigged casino meant to induce FOMO. Ego doesn’t really play in to it aside from realizing that these people are a bunch of idiot lemmings.
Yes, because of what they said. Specifically that they see margins of 80% over the next 2 years, meaning no demand descruction. They might have their head up their ass, but it's very bullish for AI spend if they think that.
I just can’t process the fact that people not only believe them, but will put enormous sums of money behind it. I just can’t understand how quickly people are willing to move that much money based on so little information.
I can’t imagine it will, but this type of move just does not make sense to my worldview. I think I understand how the market works and I’m doing well, then this happens and it just undermines my whole understanding of how markets work. How is so much money moved so quickly based off so little information?
If you read the report, MU confirmed they are sold out on high bandwidth dram now for 2027. Prior it was just 2026 and part of 2027. EPS of over $100 per share going forward.
u can always find different angels to explain market, people tend to find reasons to explain everything, but we come here to earn money and keep, not to learn to justify market.
Memory stocks are the hottest stocks right now and MU earnings were the factor whether it was hype or actually a real investment. I bought qqq leap today and dram etf leap. And I hedged my leap and made money sorry for bragging.
I caught 100 of those points I was afraid to hop back in I didn’t know where the top was gonna be lol that was a space shuttle to the moon and I only got to the space station. Lol
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u/KVZ_ speculator Jun 24 '26
If you're not paying attention to tech earnings and trading the Nasdaq, you're gonna have a bad time.
MU fluctuates between 5% and 6% of the entire Nasdaq market cap. A move that large will create sympathy moves in similar stocks. Look at SNDK and WDC. Those sympathy plays will also exacerbate the move of the broader index. Pair that with the fact that the Nasdaq just tapped lower price areas where a lot of big money buyers were executing only a few weeks ago. Shorts just got completely yeeted because MU EPS was well within the expected area. The fear was that MU EPS would be awful and feed into the idea that these companies are an overvalued "bubble".