The market climbed Thursday after chip strength drowned out the Iran tape and pushed the S&P 500 through 7,500.

Crude cooled after Wednesday’s spike, despite a total of 170 targets hit in the past two days. It helped take pressure off the inflation panic trade. Tech led the board, staples lagged, and the market basically decided that $AMD, $MU, and the AI supply chain mattered more than another ugly energy headline.

Stocktwits heat clustered around $META, $OPEN, $COST, and $WULF, with the cleanest read being dip-buyers in $COST, momentum chasers in $META and $OPEN, and a loud AI infrastructure crowd still circling $WULF.

Today's Briefing:

Micron, the memory-chip maker behind DRAM and high-bandwidth memory, jumped Thursday after turning AI demand into another U.S. manufacturing pledge. The market read was simple: if AI needs more memory, Micron wants more supply-chain control at home.

The RIP: $MU rose 7.3%. Micron announced up to $3B in strategic supply-chain investments, including $500M for GlobalWafers in Texas, a 10-year wafer agreement, and more than $250B in planned U.S. investment through 2035.

The deal gives Micron longer-term access to advanced 300mm raw silicon wafers, a critical input for DRAM and HBM production. It also keeps the memory trade in the policy sweet spot: AI demand, domestic manufacturing, and supply security all in one headline.

The read-through hit the whole chip equipment board, with $AMAT, $KLAC, $LRCX, and $ARM all catching bids. The risk is that memory is still cyclical. The bull case is that this cycle has Washington, hyperscalers, and AI capex all pulling the same direction. 🧠

The $MU room is 66% bull on the U.S. supply-chain spend, see why ->

Meta ripped Thursday after launching Muse Spark 1.1, its first serious paid developer API for agentic and coding work. The move finally gives investors a cleaner answer to the AI spending question: Meta is not just building models, it is starting to sell them.

The RIP: $META rose 3.9%. Muse Spark 1.1 includes $20 in free credits, then costs $1.25 per 1M input tokens and $4.25 per 1M output tokens. Bloomberg said Meta’s pricing is roughly 25% of rival top models.

The bull case is that Meta can use price to wedge itself into a market dominated by OpenAI, Anthropic, and Google. The bear case is that cheap tokens still need massive usage to offset the capex bill, especially with Zuckerberg also funding chips, data centers, image models, agents, and a possible cloud business. 🤖

The $META room is 64% bull on the paid AI API, see why ->

Novo Nordisk has entered into an agreement to evaluate Vivani Medical's (Nasdaq: VANI) miniature, ultra-long-acting semaglutide implant for chronic weight management. The implant, built on Vivani's NanoPortal platform, is designed to deliver semaglutide steadily in the body over periods of six months, twelve months, or more.

The move ties to recent statements from Novo Nordisk leadership highlighting that their future success depends on developing options for a "full spectrum of patient circumstances," including those who need "different delivery methods [and] dosing frequencies." Vivani's investigational semaglutide implant is designed to meet the needs of patients seeking a "set it and forget it" alternative to frequent injections and pills.

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

SK Hynix, the Korean memory-chip giant and high-bandwidth-memory leader, is set to start U.S. trading Friday after guiding its ADR price above the Seoul close. The debut lands right after Samsung’s monster profit print still failed to stop a Korean chip crash, because apparently 19-fold profit growth now counts as “sell the news.”

The RIP: $SKHY ADRs are expected to price at $149, about 3.1% above SK Hynix’s Korea close. The offering would raise about $26.5B, sell 177.9M ADRs, and start when-issued trading Friday before regular-way trading Monday. It would be a near record setting IPO, though SpaceX’s recent cash cow set the bar impossibly high for #1.

The demand is real, with the deal reportedly more than seven times oversubscribed and big institutional buyers circling. The risk is also real: SK Hynix’s Seoul shares are still down about 25% from late-June highs, and Samsung showed that great earnings can still get punished when the memory trade is crowded. For U.S. investors, Friday’s open becomes a live read on whether AI memory is still a rerating story or just the next crowded trade to wobble. 📉

The $SKHY room is 84% bull on the Nasdaq debut, see why ->

Delta Air Lines, the premium-heavy U.S. carrier, reports Friday before the bell with airline bulls looking for proof that demand can outrun fuel volatility. The stock climbed Thursday as oil cooled and analysts framed the Q2 setup as constructive.

The RIP: $DAL rose 1.8%. Wall Street expects about $1.48 in Q2 EPS on $18.78B in revenue. Options imply a roughly 6% post-earnings move. Morgan Stanley’s target is $115, Goldman’s is $116, and Raymond James’ is $104.

The clean read is fares versus fuel. If Delta shows premium demand, close-in pricing, and refinery benefits can protect margins, the airline rally gets another leg. If guidance leans cautious after the stock’s big run, the “best-in-class” trade probably gets tested fast. 🛫

The $DAL room is 61% bull on Friday earnings, see why ->

Opendoor, the online home-flipping platform trying to survive a frozen housing market, ripped Thursday as Russell index flows and housing-bill speculation pulled traders back in. The move was less “housing is fixed” and more “the momentum crowd found a live wire.”

The RIP: $OPEN rose 10.6% to $5.30 on about 112M shares, versus a roughly 45M average. The stock was added to the Russell 3000 after the June 26 close, and Thursday’s volume ran more than 2x normal.

The bull case is that index ownership, housing-policy headlines, and improving unit economics can keep liquidity flowing into the turnaround. The bear case is that Opendoor still needs a real housing recovery, not just a higher-volume trading day, to make the model work. 🏚️

The $OPEN room is 56% bull on the Russell squeeze, see why ->

$LASR ( ▲ 27.32% ) nLIGHT ⚡: soared +28% after $627M laser weapon award validated defense pivot

$LITE ( ▼ 1.97% ) Lumentum: surged +11% after Meta chip plans boosted photonics suppliers

$OPEN ( ▲ 10.65% ) Opendoor ⚡: ripped +10% after Russell inclusion revived housing squeeze speculation

$MARA ( ▲ 9.98% ) MARA ⚡: jumped +10% after Texas land deal doubled power pipeline

$HPE ( ▲ 1.65% ) Hewlett Packard: climbed +10% after AI infrastructure rebound lifted server makers

$SNDK ( ▲ 0.58% ) Sandisk: popped +8% after SK Hynix IPO reheated memory trade

$META ( ▲ 6.1% ) Meta ⚡: climbed +5% after paid AI model pricing calmed capex fears

$COST ( ▼ 4.21% ) Costco ⚡: fell -4% after mixed quarter exposed valuation fatigue

Every Stocktwits symbol page shows a Watchers count: how many Stocktwits users are tracking that stock. Watcher Trends adds the missing piece of how that number has changed over time, on any symbol.

On Web
 Open any Symbol Page and hover over the Watchers pill to pull up historical trends.

On iOS & Android
 Tap the Watcher count under the ticker name for the 7-day Watcher History drawer.

Want the full picture?
Turn on the Watcher Overlay on your charts and line up trader attention against price, and see if the move already started before you noticed.

With Watcher History, you can:

🤑 Read the global brief that reads the world like a trader reads a tape — geopolitics, markets, and tech in 5 minutes, every morning. *

😨 June home sales disappoint as prices reach an all-time high

🏠 Mortgage rates jump as tensions with Iran spook bond investors

💰 WULF Stock Jumps 7% — TeraWulf’s $3.5B AI Data Centre Plan Has Retail Investors Watching

📺 PANW, OpenAI, Anthropic In Focus — Nikesh Arora Says Wider AI Adoption Needs 90% Lower Token Costs

👀 BTDR Stock Soars 15% — Bitdeer’s $36M Nevada Factory Expands Its AI And Bitcoin Ambitions

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

Pre-Market Earnings: $DAL Delta Air Lines, Inc.. ☀️

P.S. You can listen to all of these earnings calls on Stocktwits.

Want to see some change? Email me, Kevin Travers with feedback, and follow me on Stocktwits. Refer a friend for this quarter’s edition of The RIP Forecast 😎

_{Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The content is to be used for informational and entertainment purposes only and the service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which content is published on the service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍
Author Disclosure: The author of this newsletter does not hold positions in any of the securities or assets mentioned. 📋}