Market's Red Today. Here's Why

The cause: April CPI came in hot at 3.8% YoY. Core at 2.8%, above estimates. Iran ceasefire looking shaky. Oil spiked. Rate cut hopes faded.

This is a macro dip — not a tech breakdown.

What hasn't changed:

🟢 $NVDA — Wells Fargo just raised PT to $315. Earnings May 20. $650–725B in global AI capex projected for 2026.

🟢 $MU — HBM3E orders stretching into 2027.

🟢 $AMD — still +90% in a month on real demand.

🟢 Hyperscaler capex from MSFT, GOOGL, META, AMZN — still accelerating.

Real risks to watch:

⚠️ Warsh takes over as Fed Chair Friday. More hawkish tone possible.

⚠️ Brent crude above $105 = tech headwind.

⚠️ Nasdaq extended — 13%+ above 50-day SMA.

The AI build-out doesn't stop because oil went up.

Know what you own and why.

⚠️ NFA. DYOR. #AIStocks #NVDA #MU #CPI #MooMoo

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