The market is red — but AI isn’t breaking down.
That’s the signal I’m watching today.
The S&P 500 and Nasdaq have slipped into the red while the 10Y Treasury yield is pushing back toward 5%.
Yet underneath the surface, parts of the AI infrastructure trade are still showing relative strength.
$SNDK — Memory & Storage
$MU — HBM / AI Memory
$INTC — Semiconductor Momentum
$NVDA — AI Compute
$AVGO — Custom Silicon + Networking
Yesterday,
$INTC gained 7.7%,
$AMD 6.5%,
$SNDK 6.2%, and
$MU 5.5% as semiconductors staged a powerful rebound.
My read:
This isn’t just an NVDA trade anymore.
AI capital is rotating across the infrastructure stack:
Compute → Memory → Networking → Storage → Data Centers
If these groups continue showing relative strength while the broader market struggles, that tells me institutional appetite for AI infrastructure hasn’t disappeared.
I’m watching the relative strength, not just the index.
Which part of the AI stack are you most bullish on?
$NVDA $MU $SNDK $INTC $AVGO
#AIStocks #Semiconductors #StockMarket