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U.S. stocks slip Tuesday as the 30-year yield surged to an 19-year high near 5.2% and chipmakers tumbled, while oil held above $103 on the Iran impasse.
https://www.bloomberg.com/news/articles/2026-05-18/ai-chip-startup-tenstorrent-draws-takeover-interest-from-intel-qualcomm?srnd=homepage-americas
Micron stock fell 13% in two days, the worst stretch since April 2025. Citi and Melius hiked price targets to $840 and $1,100 on the same day.
Four of the most heavily traded AI semiconductor stocks just hit “extreme exhaustion” readings on a composite technical model that has historically preceded sharp reversals.
Coatue nearly exited Tesla, cut Nvidia stake during Q1, while adding new Lucid & Hertz stakes: in shift toward speculative recovery trades.
https://www.axios.com/2026/05/18/trump-ai-steve-bannon-humans-first-letter
The Schwab US Dividend Equity ETF has moved sideways in the past few weeks, underperforming the broader market.
- 13F Filing
Whether the transactions reflected direct trading activity by Trump or activity conducted through managed accounts is not clear.
U.S. stocks pushed to fresh records Thursday as Cisco's earnings beat and Nvidia's China chip win supercharged the tech tape, with the Dow briefly piercing 50,000.