AI Euphoria vs. Oil Armageddon: Markets Are Playing Two Games at Once and Only Watching One
Chips ripping, oil spiking, OpenAI filing, and the Fed eyeing a rate hike — this week's market had the plot density of a season finale
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| INTC INTEL CORP | buy | $109.82 | — | — | — |
| AAPL Apple Inc. | hold | $300.70 | — | — | — |
| MU MICRON TECHNOLOGY INC | buy | $955.00 | — | — | — |
| GEO GEO GROUP INC | buy | $26.66 | — | — | — |
| CXW CoreCivic, Inc. | buy | $24.75 | — | — | — |
| SRAD Sportradar Group AG | hold | $15.49 | — | — | — |
| SMR NUSCALE POWER Corp | buy | $10.76 | — | — | — |
| MTN VAIL RESORTS INC | sell | $130.88 | — | — | — |
| AVO Mission Produce, Inc. | sell | $9.69 | — | — | — |
| NRIX Nurix Therapeutics, Inc. | buy | $15.04 | — | — | — |
| ORCL ORACLE CORP | hold | $211.39 | — | — | — |
| ADBE ADOBE INC. | hold | $245.26 | — | — | — |
Let's set the scene: Israel and Iran exchanged fire, oil briefly spiked toward $97/barrel, analysts started floating $160/barrel scenarios, and the Nasdaq responded by going up. The Philadelphia Semiconductor Index climbed 1.5%+ while traders apparently decided geopolitical chaos is just vibes. Tom Lee called the bull market pullback a 'false narrative' — and honestly, based on this week's tape, it's hard to argue with the guy.
The real story is the AI attention vacuum. $INTC surged 11% — its best day in a month — after reports Google ordered 3 million+ specialized AI chips for 2028, capping a jaw-dropping 200% YTD run. Meanwhile $AAPL unveiled a revamped Siri powered by Google Gemini at WWDC, briefly popped 2.7%, then gave it all back in a textbook sell-the-news fade. And OpenAI quietly filed a confidential S-1 — right after Anthropic did the same — because nothing says 'we're not racing' like filing for IPO the week your competitor does.
Oh, and the May jobs report printed 172,000 jobs vs. an 80,000 expectation, sending rate hike odds for December surging from 48.7% to 72%. Rate cut odds? A rounding error at 0.5%. The Fed is officially the most unwelcome guest at the AI party.