Capex receivers and neoclouds are getting punished today on the META excess compute story, but here's the counter: if the capex slowdown thesis was real, $NVDA would be down 10%, not 1%. The rotation into software as safety is probably temporary. Watch where $SMH finds support, ideally above Monday's lows. If it holds there, the rip back follows fast.
Aggregated and distilled by Two Sentence Traders. Not financial advice.