May. 23 at 1:24 PM
Next week setup in focus
Market at a potential inflection point between continued AI/Semiconductor momentum vs early signs of a software/SaaS rotation narrative.
$DELL —
$310 area watching for continuation vs exhaustion after strong AI server run
$INTC —
$130 zone acting as sentiment + turnaround momentum checkpoint
$MU —
$830 level tied to memory cycle expansion expectations
$AMD —
$500 key psychological + momentum breakout region
Two possible paths traders are watching:
Bull continuation: AI + semis extend leadership with liquidity staying in hardware/compute names
Rotation case: capital rotates into SaaS / software as valuations compress and rates expectations shift
Key question for next week:
Is this still compute-driven leadership, or the start of software catching up trade?