๐ Tesla $TSLA -18%, SanDisk $SNDK -19%, Super Micro $SMCI +17%: Week's big recap
Tesla ($TSLA) cratered ~18% on a $1.3B Q2 operating profit miss, and AI/chip names like SanDisk ($SNDK) -19%, Dell ($DELL) -17%, and Bloom Energy ($BE) -19% all got crushed in a growth-to-defensives rotation. Balancing the carnage: Super Micro Computer ($SMCI) surged 17% after disclosing $60B+ in Q4 new orders, and 3M ($MMM) jumped 9% on a beat-and-raise quarter. Huge week ahead โ Microsoft ($MSFT), Meta ($META), and Apple ($AAPL) all report Q2 earnings, and AI capex guidance from all three will set the tone for the rest of summer. Not financial advice. Which story this week shocked you most?