1. $NVDA's Kyber NVL144 server rack is reportedly delayed 1+ year due to PCB manufacturing issues, and semis are eating it. $AMD is down 4.34% and $MU off another 6% on top of last week's post-earnings slide. Some guys caught the $AMD bounce this morning and banked, good for them. We're not rushing to add semi exposure until this delay story gets a real denial or the tape actually holds a level.
2. SK Hynix just announced a $28 billion US listing to ride the AI wave while Korea's KOSPI sits up 170% on the year. The thing WSB is starting to clock: single-stock leveraged ETFs on SK Hynix hold roughly $19 billion in assets, more than 4x the stock's average daily trading volume. That kind of concentration can unwind fast, and we may already be seeing the ripple in how $MU has been behaving. If you're long memory names for the AI thesis, the Korean leverage stack is a risk that won't show up in the earnings call.
3. WSB's top meme today is 'Bitcoin has won,' a $150k $GOOGL call position into July earnings is getting cheers, and a viral story about SF buyers using pre-IPO OpenAI stock to buy homes is making rounds. On the crypto side, Saylor's $MSTR quietly sold 3,588 BTC for $225 million this week, which is a tell given he's usually the buyer. Crowd is euphoric. Good time to sit on hands a little.
Aggregated and distilled by Two Sentence Traders. Not financial advice.