Tech Stocks Explode +3% After Chip Crash: NVIDIA Leads Comeback
NVIDIA surged 5.7% in 24 hours, Micron jumped $49 — the fastest chip rebound in 3 months.
Single stocks, earnings and company news relevant to options traders.
NVIDIA surged 5.7% in 24 hours, Micron jumped $49 — the fastest chip rebound in 3 months.
When bond yields spike this fast, pros pull money out of stocks. Since Friday, tech has lost $340 billion in value — and the rotation is just starting.
On June 2, 2026, STMicroelectronics doubled its AI data center forecast from $500 million to $1 billion — and the stock exploded 16% in a single trading session.
Over the past 3 weeks, investors poured $340 billion into US stocks — the largest 3-week inflow since 2009. Wednesday will show whether that confidence was justified.
Only 42% of S&P 500 stocks are currently rising — the lowest reading since March 2024. When fewer than half of stocks participate in a rally, it has historically been a precursor to corrections.
In the past 5 years, SAP has completely transformed its business: from legacy ERP software sales to cloud subscriptions growing at 23% — and the stock has doubled.
For the first time since 2022, 10-year bonds offer comparable returns to stocks — without the downside risk.
The Nikkei hit an all-time high of 68,400 overnight — while Wall Street waits for the most important economic data of the week: the US jobs report on Friday.
Weak jobs data could rocket tech stocks 5%+. Strong numbers will crash bonds and send the S&P 500 down 3%. One dataset flips the entire market outlook.
SAP rose 6.2% in 24 hours after the Sapphire conference — the biggest move since Q1 earnings. Cloud revenue +23%, AI agent platform attracts billions.
In Q2 2026, Broadcom's AI chip revenue hit $10.8 billion — more than many competitors' annual results. The company expects $56B for the full year, $100B for fiscal 2027.
When Treasury yields surge, it means pros are dumping the safest investments on Earth. That only happens when fear of inflation or sovereign debt hits — and that's exactly what's unfolding now.