๐ Chips got smoked this week ($MU -7%, $AMAT -7%) โ what to watch the week of July 7
After a holiday-shortened week the S&P 500 still added 1.8% and the Nasdaq gained 2.1%, but semiconductor stocks took a beating Thursday โ Micron $MU sank 7% and Applied Materials $AMAT fell 7% as investors locked in profits after the VanEck Semiconductor ETF ran up 82% in the first half of 2026. The week's bright spot: Rivian $RIVN surged +13% after raising its 2026 delivery guidance to 65,000โ70,000 vehicles. Next week is quiet on earnings โ the main event is PepsiCo $PEP reporting Q2 before the bell Thursday July 9 (consensus $2.19 EPS), where North American snack volumes are the key watch. Not financial advice. How are you positioning heading into the second half?
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