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Nasdaq 100 sinks as April CPI hits 3.8%; Sandisk, Micron and Intel each lose roughly 9% while the 30-year Treasury yield breaches 5%.
Qualcomm (QCOM) shares fall more than 11% as profit-taking hits the semiconductor sector. See why an overbought RSI of 88 and macro pressure triggered the drop despite a new $20B buyback and AI growth push.
Trump tapped Kevin Warsh to deliver rate cuts. After April's 3.8% CPI shock, traders are now pricing a Fed hike by January 2027. BofA: out of excuses.
SanDisk (SNDK) shares tank 9% after a staggering 490% YTD surge. Technical analysis shows overbought signals as investors rotate out of tech.
https://taekim.substack.com/p/qualcomm-is-the-problem-child-of
Box CEO Levie predicts AI agents will revolutionize business operations, creating a huge demand for consulting and services.
Qualcomm CEO Cristiano Amon is set to travel to China with President Donald Trump this week, adding another catalyst to the stock at all-time highs.
Reuters reports Elon Musk and Tim Cook will join Trump on his China trip, while Nvidia's Jensen Huang was not invited.