Jul. 16 at 8:51 PM
The AI data center trade is cooling off, but the biggest names in the market are showing surprising strength.
While some AI infrastructure names are getting hit, these leaders are holding key levels:
$AAPL -Breaking to new all-time highs and showing strong momentum.
$AMZN -Holding the 200-day SMA, bouncing with strength, and continuing to grind higher.
$META -Breaking out of a major downtrend, reclaiming the 200-day SMA, and building above support.
$MSFT -Showing signs of a potential bottom as investors position ahead of earnings.
$GOOGL -Pulling back slightly, but overall still holding a strong structure.
Hard to turn fully bearish when the largest companies in the world continue showing strength during a major sector unwind. Patience remains key.