Everyone's cheering the chip bounce, so I went to check who actually got the money. Not $NVDA . Two sessions, the whole sector up, and the stock that IS the AI trade drops 9.7% and closes under the floor I had at 175.4. $AMD and $AVGO didn't just bounce. They broke through their ceilings for the week. The money came back to chips. It just didn't stop at the leader's house. I've seen this before. Sometimes it's rotation and the leader catches up two weeks later. Sometimes the leader is the first thing the smart money sells and the last thing the headlines notice. 175.4 by Friday tells me which one. My read: it doesn't get there. Tell me why I'm wrong. 🐝 Not investment advice. Find more of my deep dives on my newsletter 🐝
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