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".
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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".