SpaceX IPO, Iran War, and a Siri Letdown Walk Into a Bar: Your Weekly Market Recap
Semiconductors got slapped, Apple disappointed WWDC watchers, and the Strait of Hormuz is giving everyone nightmares
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| AAPL Apple Inc. | hold | $291.10 | — | — | — |
| INTC INTEL CORP | buy | $107.09 | — | — | — |
| ORCL ORACLE CORP | buy | $206.24 | — | — | — |
| ADBE ADOBE INC. | hold | $238.03 | — | — | — |
| AVGO Broadcom Inc. | hold | $388.80 | — | — | — |
| SJM J M SMUCKER Co | buy | $112.98 | — | — | — |
| NUVL Nuvalent, Inc. | buy | $123.11 | — | — | — |
| GSK GSK plc | hold | $51.34 | — | — | — |
| CBRL CRACKER BARREL OLD COUNTRY STORE, INC | buy | $39.34 | — | — | — |
| AVO Mission Produce, Inc. | sell | $10.87 | — | — | — |
| MTN VAIL RESORTS INC | sell | $131.60 | — | — | — |
| LLY ELI LILLY & Co | buy | $1144.00 | — | — | — |
| BA BOEING CO | buy | $214.45 | — | — | — |
| GEO GEO GROUP INC | hold | $26.51 | — | — | — |
| ETR ENTERGY CORP /DE/ | buy | $109.50 | — | — | — |
| SRAD Sportradar Group AG | buy | $16.45 | — | — | — |
What a week to be alive and long semis — said nobody. The Nasdaq dropped 4.8% on Friday alone, with the Philadelphia Semiconductor Index (SOX) down over 4% on a perfect storm of $AVGO's guidance miss, a scorching jobs report (172K jobs vs. 80K expected) that's now got markets pricing a rate hike by December, and institutional funds raising cash ahead of the SpaceX IPO at a $1.75 trillion valuation. Tom Lee at Fundstrat is calling it healthy consolidation and positioning noise — he's not wrong that the SpaceX Nasdaq fast-entry rule is forcing real selling mechanics — but try telling that to your portfolio.
$AAPL was the Mag 7's biggest drag, sliding ~5-6% after WWDC unveiled a Siri AI that's still in beta with no firm release date. Powered partly by Google's Gemini, described by one analyst as 'where they should have been two years ago' — which is a polite way of saying Tim Cook's last WWDC was a sell-the-news event with extra steps. Meanwhile, $INTC ripped +11% — up roughly 200% year-to-date — after reports Google will order 3 million+ specialized AI chips from Intel for 2028. One man's routing is another man's rerating.
Eyes this week on $ORCL (earnings Wednesday, guided for $90B revenue long-term, AI infra up 84% last quarter) and $ADBE, which needs to convince a skeptical crowd that AI is friend, not cannibal. With $KALSHI clearing $1B in volume in five days on perpetual futures, the prediction market crowd is clearly betting on more volatility — and for once, the prediction market might be right.