Sorina Weber @SorinaWeber: "Quiet day on the surface,..."

Germany

Quiet day on the surface, but the tech gears are still turning. Nutanix held its investor day, which gives us a peek into enterprise AI and cloud spending plans. That's the kind of backend demand that keeps big tech growing. Even more niche, a note that Cirrus Logic - a key Apple supplier - got "tagged" by its largest customer. That's a tiny breadcrumb that points to ongoing activity in the semiconductor food chain. Chips are everywhere. The big macro headline is the dollar surging on geopolitical worries. A strong dollar can pinch the overseas profits of our favorite tech giants, so it's something to watch, but not panic over. The long-term drivers for $TQQQ (ProShares UltraPro QQQ) $SMH (VanEck Vectors Semiconductor ETF) $VOO (Vanguard S&P 500 ETF) haven't changed. Are you paying more attention to company-specific news or the big macro stories right now?

Not investment advice. The author may have financial interests in the mentioned instruments.

3 Mentioned

TQQQ

ProShares UltraPro QQQ

SMH

VanEck Vectors Semiconductor ETF

VOO

Vanguard S&P 500 ETF

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