Listen to the audio version of this article (generated by artificial intelligence).
Last week, three of the most important markets AI shares He received a beating.
Micron Technology Corporation (in) fell by about 14% in just five trading days. Seagate Technology Holdings plc (STX) fell nearly 18%. and SanDisk company (Your support) decreased by approximately 20%.
At first glance, it looked like investors were dumping AI memory stocks.
But that’s not what happened.
The truth is that last week’s sell-off had more to do with how Wall Street trades than with the companies themselves.
This morning’s bounce is a good reminder of that. Investors are turning to artificial intelligence, which is helping push the S&P 500 and NASDAQ higher. But there is a reason the sell-off occurred last week, and it’s important for you to know.
It’s a pattern I’ve seen before.
Once you understand why this is, you will start to look at sharp pullbacks completely differently.
That’s why, in this week’s Navellier Market Buzz, I explain why last week’s AI pullback was more of a jolt to Wall Street than a warning sign. I also share which AI infrastructure stocks will be next on my buy list and why I still consider Micron, Seagate, and SanDisk to be “screaming buy” after the sell-off.
In addition, I’ll also talk about the real meaning of the Atlanta Fed’s recent GDP cut, why gold is rebounding and my top natural gas pick for this summer.
Click the image below to watch now.
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The next turning point may be days away
If last week’s decline taught us anything, it’s that understanding how Wall Street moves can make a big difference.
Stocks don’t move just because of headlines. They move because money moves.
The key is to know whether big money is moving in or out before the public finds out.
But on July 23, that lesson could be put to the test when the second-quarter earnings season kicks into high gear.
I believe what happens that day could reveal where Wall Street is headed next.
But the real challenge is knowing where it’s going before anyone else does.
That’s exactly why I built it Precursor intelligence -or PI for short. It’s designed to help me identify the next direction institutional money could move, before the rest of Wall Street catches up.
With July 23 quickly approaching, this kind of insight may become more important than ever.
In my new show, I’ll explain why July 23 could become a pivotal day for the market and why I’m watching it closely. I’ll also show you how PI works and reveal several stocks that my system says could be next in line as institutional money makes its next move.
sincerely,
Louis Navellier
editor, Market 360
The Editor hereby discloses that as of the date of this email, the Editor owns, directly or indirectly, the following securities that are the subject of the commentary, analysis, opinions, advice, or recommendations contained in the article described below, or otherwise mentioned:
Micron Technology Company (in), SanDisk Corporation (Your support) and Seagate Technology Holdings plc (STX)
