Tonight's Intraday US Market Recap and Capital Rotation Analysis in the Memory Sector:
Tonight’s US Index Performance
US equities showed divergent volatility tonight: the Dow remained relatively stable (supported by cyclical/value stocks), the S&P 500 experienced minor fluctuations, and the Nasdaq AI sector saw a notable pullback—though certain sub-sectors showed signs of recovery. The memory, optical communications, and physical AI infrastructure segments declined significantly (due to profit-taking pressure), yet leading names like MU demonstrated resilience with heightened trading activity. The broader AI sector remains fragmented, with memory, optical communications, and equipment sub-sectors standing out, while advanced packaging-related names benefited from positive spillovers.
Key drivers: Major events this month (SPCX inclusion into the Nasdaq 100, peak earnings season) and advances in physical AI (infrastructure demand from embodied intelligence boosting high-bandwidth memory and optical interconnects). Short-term profit-taking is occurring, but capital continues flowing into the AI supply chain.
Next: Detailed forecast on capital rotation within the memory sector
Outlook: Capital rotation into the memory sector is expected to gradually recover and accelerate following the recent pullback, supported by strong demand for HBM/DRAM that benefits leaders like MU. Physical AI infrastructure buildout is driving synergies between memory and optical communications, with advanced packaging and equipment makers also benefiting. Rotation is expanding from high-margin HBM products across the entire memory value chain—including controllers, system integration, and enterprise-grade solutions. The current short-term pullback presents an attractive entry point, backed by robust fundamentals over the medium to long term (sustained AI capex + increasing adoption...)

Good evening, everyone! Let’s quickly sort out the logic before the market opens.
I. Market Trends and Capital Rotation Outlook
The U.S. equity market stands at the intersection of macroeconomic anxiety and a reassessment of AI-sector fundamentals. Yesterday (July 13), the Nasdaq declined by 1.55%, reflecting investor concerns over valuation corrections in semiconductors and repricing around expectations for a Federal Reserve rate hike in July.
1. Detailed Analysis of Capital Rotation
1.1 Semiconductor Equipment and Memory (MU): As the 'picks and shovels' enabling AI computing capacity expansion, these segments have seen substantial prior gains. Capital is now shifting from pure speculative hype toward earnings validation. In the near term, as memory prices recover, investor focus will center on companies whose Q2 earnings clearly demonstrate tangible capital expenditure execution.
1.2 Optical Communications (MRVL, COHR): Demand for AI data center interconnects (DCI) remains highly inelastic. Although recent profit-taking has triggered short-term pullbacks, optical modules—particularly in the 800G/1.6T segment—are expected to stabilize and rebound early during the earnings verification period, thanks to rapid technological iteration and deep competitive moats.
1.3 Physical AI Infrastructure: Capital is rotating toward embodied intelligence, autonomous driving, and industrial automation, all of which impose higher performance demands on semiconductor equipment and materials. Investment is expected to concentrate on companies with strong process-technology barriers.
II. In-Depth Company Analysis and Research Reports (MU, MRVL, COHR, INTC, CFX)...

Fellow MOO investors, the U.S. memory semiconductor sector is undergoing the most dramatic 'capital fusion' event since the start of 2026!
Tonight, global AI supply chain giant SK Hynix (SKHY/SKHYV) officially listed on Nasdaq via American Depositary Receipts (ADRs). This capital extravaganza, raising a staggering $26.5 billion, not only set a new record for the largest U.S. IPO by a foreign company but also triggered significant volatility across the three major U.S. indices during their mid-year rebalancing period.
At the macro level, markets are currently navigating a period of heightened turbulence marked by persistent high inflation and renewed fears of Federal Reserve rate hikes. Yet, rather than retreating en masse after last night’s open, institutional capital seized the momentum from SK Hynix’s listing and executed highly targeted rotations into the memory sector—driven by surging global demand for AI-related computing power. Below is our latest and most comprehensive in-depth report as of the weekend trading session ending July 11.
I. Latest Market Recap as of July 11 and Granular Forecast on Capital Rotation Within the Memory Sector
1. Market Fundamentals and Sector Implications Tonight
1.1 Major Indices and Market Sentiment: The three major U.S. indices are showing a divergent pattern—high-valuation tech leaders are pulling back, while capital is clustering into memory and hard assets. Elevated inflation has increased the likelihood of further rate hikes, keeping the 10-year Treasury yield range-bound at elevated levels and pressuring broad-based indices. However, during the session, the semiconductor supply chain, high-speed optical communications, and quantum communication segments clearly attracted...

Good evening, everyone!
Last night, the Dow Jones Industrial Average closed above 53,000 for the first time ever, setting a new all-time closing high. The S&P 500 and Nasdaq Composite are just shy of their respective record closing highs (7,609 and 27,093 points).
Insights Shared:
1. Samsung Electronics' earnings guidance beat expectations: Samsung reported Q2 total revenue of KRW 171 trillion (+129.3% YoY) and operating profit of KRW 89.4 trillion—an 18.1-fold surge year-over-year—exceeding market expectations of KRW 87.3 trillion.
2. Semiconductor equipment sector momentum confirmed: Japan's Semiconductor Equipment Association (SEAJ) significantly raised its global semiconductor equipment sales forecast for fiscal 2026 to JPY 6.55 trillion (+26% YoY), driven by sustained capital spending on AI computing power, HBM memory, and advanced-node capacity expansion.
3. Catch-up rally: CNBC commentator Jim Cramer noted that semiconductor stocks are experiencing a 'catch-up rally,' as the market begins to recover positions in AI chip names that were oversold last week due to excessive pessimism.
4. Fed signals: Federal Reserve Governor Christopher Waller stated that the labor market has stabilized, with elevated inflation now posing a greater risk than weak employment, necessitating a policy pivot toward curbing inflation. Markets now expect the Fed to hike rates as early as September, with a roughly 25% probability of a rate hike in July.
Pre-market / Intraday Updates Tonight
As of U.S. pre-market trading on July 8 Beijing time, futures for the three major indices diverged: Dow futures down 0.19%, S&P 500...

Hello, moomoo friends! Good afternoon!
Last week's recap of the three major U.S. stock indices
I. Index closing overview
Due to the U.S. Independence Day holiday on July 4, U.S. markets closed early on Friday (July 3). As of the close on July 2:
Index | Closing Level | Daily Change | Weekly Gain
Dow Jones Industrial Average | 52,900.07 | +1.14% (+594.83 points) | +1.97%
S&P 500 Index | 7,483.24 | Up 0.01 point | +1.76%
Nasdaq Composite Index | 25,832.67 | -0.80% (-207.36 points) | +2.12%
Philadelphia Semiconductor Index 12,626.22 -5.44% (-727.06 points) -4.37%
The Dow Jones Industrial Average hit a record closing high and posted its fourth consecutive weekly gain; although the S&P 500 and Nasdaq also closed higher for the week, their internal structures showed significant divergence.
II. Daily Market Performance Last Week
• Monday (June 29): Geopolitical optimism—stemming from the temporary halt in U.S.-Iran hostilities and the assurance of free commercial shipping through the Strait of Hormuz—boosted all three major indexes into positive territory. The Dow closed at 52,182.74, setting a new all-time high, while the Nasdaq surged 2.07% and the Philadelphia Semiconductor Index jumped 3.83%.
• Tuesday (June 30): All three major indexes extended their gains, with the S&P 500 and Nasdaq posting their largest single-quarter increases since 2020...

Hello, MOO friends! Good evening everyone!
1. Recap of the performance of the three major indices last Wednesday
US equities saw divergent and choppy trading this week (impacted by the July 4 Independence Day market holiday): the Dow remained relatively stable (supported by cyclical/value stocks and exhibiting strong defensive characteristics), the S&P 500 experienced minor fluctuations or a slight decline (broad-based index under pressure), and the Nasdaq faced significant profit-taking pressure in AI-related names (multiple days of pullbacks, dragged down by heavyweight tech stocks). Micron’s (MU) Q3 earnings significantly beat expectations (revenue of $41.46 billion, gross margin above 84%), boosting a short-term rebound in memory/chip stocks; however, profit-taking across the broader tech sector was evident, with notable divergence within AI-related segments (memory stocks rallied strongly before pulling back, while infrastructure subsectors showed greater resilience).
1. Key drivers: earnings catalysts like MU, geopolitical developments (peace signals related to Iran), and macro data (inflation/employment). Capital rotation accelerated—from previously high-valuation pure-play AI growth stocks toward AI infrastructure names backed by earnings (memory, equipment, liquid cooling, power, raw materials). Commercial space also attracted attention (on expectations of SPCX inclusion).
2. Market outlook for this month and sector rotation trends
Outlook: A bias toward sideways-to-upside movement or recovery appears more likely, though volatility remains at a moderately elevated level (a post-holiday low-open followed by a rally is quite possible). Watch upcoming tech earnings (e.g., NVDA), macro data releases (PCE, employment updates), geopolitical developments, and SPCX (Spac...

Hi everyone, happy weekend!
Weekly recap of the three major U.S. stock indices and outlook for next week
U.S. equities diverged this week amid holiday-related volatility (markets closed July 4 for Independence Day): The Dow remained relatively stable (supported by cyclical/value stocks), the S&P 500 saw modest fluctuations or a slight decline, and the Nasdaq faced significant profit-taking pressure in AI-related names (multiple days of pullback). Micron’s (MU) Q3 earnings significantly beat expectations (revenue of $41.46B, gross margin above 84%), providing a short-term boost to the memory/chip sector. However, tech stocks broadly experienced noticeable profit-taking, with clear divergence within the AI segment.
Key drivers: Earnings catalysts like MU, geopolitical developments (Iran-related), and macro data (inflation/employment). Accelerating capital rotation: from high-valuation pure-play AI growth stocks toward AI infrastructure names with earnings visibility (memory, equipment, liquid cooling, power, raw materials).
Next week’s market outlook and sector rotation trends
Outlook for next week: Market likely to trade sideways-to-stronger or see recovery, though volatility remains moderately elevated. Watch upcoming tech earnings (e.g., NVDA), macro data (PCE/income & employment updates), geopolitical developments, and the passive rebalancing effect from SpaceX (SPCX) officially joining the Nasdaq 100 on July 7. Overall, markets may open lower post-holiday but recover intraday, with risk appetite improving—though profit-taking risks remain.
Sector rotation trends: AI-related themes continue to diverge and rotate, with capital shifting from previously overheated, high-valuation segments toward those with earnings validation and supply chain exposure...

Friends, U.S. equities at the start of July have delivered a brutally hard-core 'risk education lesson' to everyone.
As of July 2 (U.S. Eastern Time), U.S. stocks failed to sustain their prior rebound momentum. With tonight’s highly anticipated Non-Farm Payrolls (NFP) data looming and market sentiment extremely tense—compounded by the Fed’s recent core PCE inflation reading breaching the 4.0% mark—major U.S. indices faced relentless selling pressure during trading hours.
Most alarming was the semiconductor equipment sector: AMAT (Applied Materials) tumbled 9.64%, LRCX (Lam Research) plunged 12.10%, KLAC (KLA Corp) crashed down 13.90%, and ASML (ASML Holding) also slumped 3.89%.
Is this a high-altitude long-position stampede, or an industry-wide 'shakeout' triggered by macro-policy misalignment? Amid a once-in-a-century transformation intersecting physical AI, advanced memory, and semiconductor raw materials, should we be fearful or greedy? This in-depth 10,000-word research report thoroughly dissects the core fundamentals and survival strategies of the 'Big Four' semiconductor equipment giants.
🛑 Part I: The Macro Storm Center, Sector Rotation, and the Full Physical AI Value Chain
1. Recap of the Big Three Indices and Short-Term Outlook
1.1 Market Scan: Nasdaq and S&P 500 saw significant panic-driven sell-offs in the final stretch of U.S. trading on July 2, with high-valuation tech stocks bearing the brunt. Although the Dow Jones Industrial Average...

Hello, moomoo friends! Good evening!
Recent performance review of the three major indices
Recently, US equities have shown divergent and volatile movements: the Dow remains resilient, the S&P 500 exhibits minor fluctuations, and the Nasdaq corrects under AI-related pressure. Micron’s (MU) earnings were positive for memory but triggered noticeable profit-taking, highlighting divergence within the AI sector.
Drivers: Earnings season, macroeconomic factors, and geopolitical risks. Capital is rotating into AI infrastructure.
Market Outlook for This Week and Sector Rotation Trends
Outlook: High probability of range-bound recovery; monitor earnings reports and macro events. SPCX’s inclusion in the Nasdaq 100 may catalyze aerospace stocks.
Rotation: Divergence within AI; the full physical AI value chain benefits over the medium to long term; structural opportunities in core AI supply chain raw materials (optics/materials); liquid cooling and power infrastructure remain strong themes.
Analysis of price trends in the physical AI value chain and core AI supply chain raw materials
Physical AI: Extending embodied intelligence; watch for catalysts next week with long-term growth potential. Core raw materials (optics/materials): Driven by AI interconnect bottlenecks; expected to stabilize and rebound next week, supported by strong fundamentals.
In-depth research-style investment analysis of AXTI, LITE, AAOI, and Coherent (COHR)
1. Policy factors, industry themes, direction, timing, barriers, bottlenecks, etc. Policy: CHIPS Act supports optics/semiconductors. Theme: AI photonics/interconnects. Timing: Buy on pullback.
AXTI: Substrate materials; barrier: compound semiconductors.
LITE: Optical modules; Barrier: Laser technology...

Hello, moomoo friends! Good evening!
I. Macro Storm: PCE Tops 4%, Yet Capital Has Not Fled—Instead, It's Engaged in a "Hardcore Rotation"
During the session, the three major indices traded in a seesaw pattern, weighed down by the PCE year-on-year rate breaching 4.0%. However, sector‑level details suggest that capital is shifting from pure concept stocks into hard‑tech and dividend‑yielding assets backed by tangible fundamentals.
· The Fed's next move: "High for Longer"—higher and longer‑lasting interest rates, which weigh on highly indebted, unprofitable PPT‑style companies but present a reshuffling opportunity for leading firms with robust cash flows.
· This week's outlook: downward pressure followed by upward rallies, with sectoral divergence; broad-based index gains are unlikely, as the market will likely see sharp, intra‑sector rotation.
· A clear capital‑flow chain: optical communications/HBM (high‑level turnover) → glass substrates/optical materials (emerging growth drivers) → liquid cooling/power (certainty premium) → aerospace (event‑driven).
II. In-Depth Midday Analysis of the Three Major Glass Substrate Players
(Organic substrates have reached their physical limits; glass substrates deliver a 40% improvement in signal performance and a 50% reduction in power consumption, making them the only viable solution for Chiplet + HBM.)
[Intel, INTC]
· Stock price (intraday): $128.63, up +0.24% (bottom-fishing rebound)
· Core competitive advantage: the industry's first TGV glass‑through‑via packaging solution, with mass production targeted for 2026–2030; leading the development of packaging standards.
· Pain points: 18A yield remains unverified, capital expenditures are weighing on cash flow, and foundry operations are unlikely to turn profitable in the short term.
· ...