The AI Trade Splinters: Memory Soars, Hyperscalers Slip
factors
2026-06-30 08:06:00
Related:NasdaqNasdaq 100 (NDX)Q2 tech earnings - mid-JulS&P 500S&P 500 (I.SPX)South KoreaTaiwanUnited StatesInformation TechnologySemiconductors & Semiconductor EquipmentTechnology Hardware, Storage & PeripheralsSemiconductor DesignSemiconductor EquipmentDelta Electronics Inc (TW.2308)Micron Technology Inc (NASDAQ.MU)NVIDIA Corporation (NASDAQ.NVDA)
The AI trade is splintering from inside. It's no longer enough to own the neighbourhood — the best house matters: MTD the US Memory basket is +25.8%, broad AI +2.85%, Nasdaq -2.96% and hyperscalers -18.65%. Why it matters: AI infrastructure is expected to contribute ~60% of S&P 500 Q2 EPS growth, with Micron and NVIDIA together >40% — so dispersion within the trade is now...
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