TMTB EOD Wrap
This will be the last TMTB post until Monday. Thanks for being a sub and reading TMTB. Enjoy the break!
Nice finish to the day with QQQs +60bps. The big news this morning was TheInformation article out saying META thinking about using TPUs in their DCs…NVDA -2% / AMD -4% the main underperformers on the news. The good news of NVDA underperforming: that’s a lot of $’s that need to go somewhere else and that’s exactly what we saw today with lots of green across the board as IWM +2.2% outperformed QQQs by 150bps. AI names lagged finishing flat while high short interest (2.5%) and non-profitable tech significantly outperformed. Internet +2% also helped by the shift out of NVDA.
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