$Qualcomm(QCOM)$ The premarket chart is forming: * Higher lows * Higher highs * A steady recovery trend If QCOM can hold above $240 into the open, many traders will view the overnight flush as a shakeout rather than a breakdown. Key levels after the bell. First battle: * $240.84 (being tested now) Next resistance: * $243 * $245 Stronger recovery: * $248-250 range
$Qualcomm(QCOM)$ The massive surge in energy requirements for datacenters, driven by the increase in GPU count, is becoming a major topic. All of this plays into Qualcomm's hands. They've been waiting for June 24th, when Qualcomm will introduce a major US hyperscaler and hopefully demonstrate the advantages of their systems' lower energy consumption.
$Rocket Lab USA, Inc.(RKLB)$ Space stocks had their run, and now it seems AI stocks are taking their turn. Analysts were cautious on SX's valuation, which ended up lifting the whole space sector. I still have confidence in RKLB's CEO, with contracts coming in, successful launches, and solid earnings and profits. Staying the course.
$Qualcomm(QCOM)$ If you've followed this stock for a while, you'll know this CEO isn't one to overpromise. I've been accumulating LEAP options since last year while many other semiconductor names were taking off, betting that Qualcomm's time would come. One thing I consistently notice on earnings calls is how disciplined he stays when analysts push for details. He repeatedly says he'll provide updates when there's something concrete to share and avoids creating hype just to move the stock. He often talks about the amount of noise in the market and makes it clear he doesn't want to add to it. That's why when he says he has updates coming and mentions contracts already lined up, I tend to take him seriously. If a
$Rocket Lab USA, Inc.(RKLB)$ The long-term trend still looks bullish to me, as RKLB continues to benefit from strong institutional interest, Neutron expectations, and the ongoing enthusiasm around the space sector. However, after the recent sharp rally, RKLB appears to be consolidating and might remain volatile this week.
$Rocket Lab USA, Inc.(RKLB)$ Three times it tried to push through the daily lows today, and three times it rallied back. Really solid support on this one.
$Rocket Lab USA, Inc.(RKLB)$ This thing is looking ready to move higher. It might take a few days to settle, but I like the action here. The support around the $120 level has been tested multiple times. Technically, it looks solid, all else being equal.
The media coverage felt pretty toxic at times, ignoring the facts and pushing a lot of noise about a SpaceX IPO bubble, Blue Origin blowing up, and so on. Meanwhile, Rocket Lab's $Rocket Lab USA, Inc.(RKLB)$ strong fundamentals are what's really been driving the stock. That's about it.