Jun. 27 at 7:03 PM
Big names are getting smoked off ATHs - not just small caps, even mega caps are bleeding.
$NVDA -192
Still the AI leader. From 236.54 highs → 192 (-18%). Record earnings didn’t stop the reset.
$PLTR - 116
From 207.52 peak → 116 (-44%). Hypergrowth still strong, but momentum fully unwound.
$NFLX - 77
From ~108 highs → 77 (-28%). Cash flow story intact, multiple compression hit hard.
$ORCL - 170
From 345.72 highs → 170 (-51%). AI capex skepticism driving valuation reset.
$AVGO - 382
From ~495 highs →382 (-23%). Backlog still record-level, but sentiment cooled.
This isn’t single-name failure. It’s macro de-risking, Fed sensitivity, and positioning unwinds hitting everything at the same time.
When leaders all correct together like this, it’s rarely about broken fundamentals - it’s about price discovery after a parabolic run.
