Stock Market in "Collapsing" AI Trade? Gareth Soloway on Memory Rotation, "Topping" Yields
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Gareth Soloway of @verifiedinvesting believes Treasury yields are experiencing a near-term top and will move back down to 5% or just above it. However, he argues the AI trade is "collapsing" as investors rotate out of AI memory stocks like Micron (MU), SanDisk (SNDK), and Western Digital (WDC) among others as competition in China from companies like CXMT rises. Gareth sees this pressure hitting the S&P 500 (SPX), which he expects to reach 8,000 before the index sees profound resistance. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/channel/bb1b75050268416e82a557ff6387bff3/browse Watch on Vizio - https://www.vizio.com/en/watchfreeplus/catalog/live-tv-
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