AI Stock Landscape Daily Report

Thursday, July 02, 2026
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Executive Summary

Market color: AI and semiconductor stocks sold off sharply on Thursday, with the QQQ falling -1.5% even as the SPY was flat (-0.1%), as memory supply-glut fears, a broad chip sector rout sparked by weakness in Asian chipmakers (Samsung, SK Hynix), a photonics sector reset, and Meta's surprise cloud computing announcement compounded the AI trade's worst 2-day skid in nearly a month.
Market: SPY -0.1%, QQQ -1.5%. Top mover SCCO +1.9%; worst KLAC -11.5%.
Score shift: WDC cheapened by 4.7 pts → now 50 (PART).
Sector flow: Storage led with avg -10.2% across 2 names (options bias: bearish (2/2)).
Options tape: 9 bullish vs 20 bearish names — tilted bearish.
Next catalyst: Non-Farm Payrolls (Jul) in 3d (2026-07-05).
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Market Summary

S&P 500 (SPY)
-0.1%
Nasdaq (QQQ)
-1.5%
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Top Movers Today

Top Gainers
TickerNamePriceChangeVol(avg)Score (Δ)Tech
SCCOSouthern Copper$172.01+1.9%0.8x50 (PART) (+1.8)NEUTRAL 15
   Forget Southern Copper: 1 Domestic Copper King to Buy Hand Over Fist as the… — Southern Copper (NYSE:SCCO) is the name on every commodity desk’s lips right now, with the stock up 73.95% over the… [source](https://247wallst.com/investing/2026/06/30/forget-southern-copper-1-domestic-copper-king-to-buy-hand-over-fist-as-the-global-supply-crunch-intensifies/)   
   [2] JPMorgan Raises Southern Copper (SCCO) Target But There’s Still a Catch — With short percentage of shares outstanding at 1.42%, Southern Copper Corporation (NYSE:SCCO) is among the 7 Best EV… [source](https://finance.yahoo.com/markets/stocks/articles/jpmorgan-raises-southern-copper-scco-182106673.html)   
   [3] Forget USO. Copper Is the New Crude, and This Miner Fund Is Up 115% in a Year — The United States Oil Fund (NYSEARCA:USO) does one thing: it gives investors a liquid way to bet on West Texas… [source](https://247wallst.com/investing/2026/06/28/forget-uso-copper-is-the-new-crude-and-this-miner-fund-is-up-115-in-a-year/)   
MSFTMicrosoft$390.49+1.6%0.8x30 (OPEN) (+0.4)NEUTRAL 30
CEGConstellation Energy$239.25+1.2%1.0x36 (PART) (+0.2)BEARISH 0
   Energy Transition Today - Driving Grid Stability With Vehicle-To-Grid Innovation — Vehicle-to-Grid (V2G) technology is emerging as a key component in the transition towards renewable energy integration… [source](https://finance.yahoo.com/energy/articles/energy-transition-today-driving-grid-113803365.html)   
   [2] Is Constellation Energy Corporation (CEG) Among the Best AI Power Grid Stocks… — Constellation Energy Corporation (NASDAQ:CEG) is one of the 10 Best AI Power Grid Stocks to Buy According to Analysts.… [source](https://finance.yahoo.com/markets/stocks/articles/constellation-energy-corporation-ceg-among-084939644.html)   
   [3] CEG Stock Takes A Hit After Citi's Price-Target Cut — But Retail Is Already… — Citi lowered the price target on CEG to $297 from $348 and maintained a ‘Neutral’ rating on the shares. [source](https://stocktwits.com/news-articles/markets/equity/ceg-stock-takes-a-hit-after-citi-price-target-cut/cZme36rR71A)   
TLNTalen Energy$364.67+1.1%0.9x33 (OPEN) (+0.3)NEUTRAL 0
   Talen Energy, Stock Of The Day, Delivers For Amazon, AI Data Centers — Talen Energy has a deal to supply Amazon Web Services with nuclear-powered electricity. The Stock Of The Day is near… [source](https://www.investors.com/research/ibd-stock-of-the-day/talen-energy-stock-amazon-ai-data-centers/?src=A00220&yptr=yahoo)   
   [2] Talen Energy (TLN) Is Down 7.4% After Russell Index Additions And $984M Shelf… — Talen Energy Corporation (NasdaqGS: TLN) has been added to multiple Russell growth and small/mid-cap indices and… [source](https://finance.yahoo.com/markets/stocks/articles/talen-energy-tln-down-7-010808701.html)   
   [3] Talen Energy (TLN) Downgraded at Jefferies. Here is Why — Talen Energy Corporation (NASDAQ:TLN) is included among the 12 Best Utility Stocks to Buy Now According to Hedge Funds.… [source](https://finance.yahoo.com/energy/articles/talen-energy-tln-downgraded-jefferies-045656876.html)   
Top Losers
TickerNamePriceChangeVol(avg)Score (Δ)Tech
KLACKLA Corp$235.55-11.5%1.4x56 (PART) (-4.0)NEUTRAL 0
   Why: Led semi equipment losers at -11.5% as the Philadelphia Stock Exchange Semiconductor Index suffered its worst…   
   ONTO Stock Climbs 26% in a Month: What's the Next Move for Investors? — Onto Innovation's 25.5% rally reflects AI-led demand, advanced packaging gains and new product momentum, but rich… [source](https://finance.yahoo.com/markets/stocks/articles/onto-stock-climbs-26-month-135700941.html)   
   [2] COHU Stock Outlook Hinges on AI Growth and Profit Recovery — Cohu's AI and HPC opportunities are growing, but the stock outlook still hinges on execution, HBM traction and stronger… [source](https://finance.yahoo.com/technology/ai/articles/cohu-stock-outlook-hinges-ai-134000663.html)   
STXSeagate$820.16-10.4%1.3x57 (PART) (-2.4)NEUTRAL 0
   Why: Tumbled -10.4% alongside memory/storage peers on supply-glut fears, with 24/7 Wall St. reporting 'SanDisk…   
   Seagate (STX) is an Incredible Growth Stock: 3 Reasons Why — Seagate (STX) could produce exceptional returns because of its solid growth attributes. [source](https://finance.yahoo.com/markets/stocks/articles/seagate-stx-incredible-growth-stock-164502632.html)   
   [2] SanDisk Sinks 11%, Seagate Falls 7%, Micron Slides 4% on Memory Supply-Glut… — Memory and storage stocks are sliding again Thursday morning, extending a rare pullback for a group that has posted… [source](https://247wallst.com/investing/2026/07/02/sandisk-sinks-11-seagate-falls-7-micron-slides-4-on-memory-supply-glut-fears/)   
LRCXLam Research$351.41-10.2%1.3x54 (PART) (-4.5)NEUTRAL 0
   Why: Dropped -10.2% sharply in the semi equipment selloff despite bullish analyst coverage highlighting memory…   
   3 Reasons Why Growth Investors Shouldn't Overlook Lam Research (LRCX) — Lam Research (LRCX) is well positioned to outperform the market, as it exhibits above-average growth in financials. [source](https://finance.yahoo.com/markets/stocks/articles/3-reasons-why-growth-investors-164501442.html)   
   [2] Micron Technology Has Fantastic News for This Artificial Intelligence (AI)… — Shares of Lam Research have soared this year as the company is benefiting from the tremendous demand for memory… [source](https://www.fool.com/investing/2026/07/02/micron-technology-has-fantastic-news-for-this-arti/)   
WDCWestern Digital$539.00-9.9%0.8x50 (PART) (-4.7)NEUTRAL 0
   Why: Crashed -9.9% on memory supply-glut fears as 24/7 Wall St. reported SanDisk -11% and the entire storage…   
   Will Western Digital (WDC) Beat Estimates Again in Its Next Earnings Report? — Western Digital (WDC) has an impressive earnings surprise history and currently possesses the right combination of the… [source](https://finance.yahoo.com/markets/stocks/articles/western-digital-wdc-beat-estimates-161004034.html)   
   [2] Can Seagate's Data Center Business Maintain its Growth Momentum? — STX's data center business is surging as cloud demand, Mozaic drive adoption and long-term supply agreements fuel… [source](https://finance.yahoo.com/markets/stocks/articles/seagates-data-center-business-maintain-135800287.html)   
MRVLMarvell$245.29-9.8%0.6x60 (PART) (-3.8)NEUTRAL 0
   Why: Dropped -9.8% in the broad chip sector selloff; a Trefis article noted Marvell's recent run mirrors broader…   

Cross-Ticker Headlines

Stories attached to multiple tracked tickers (shown once):

  • STX, WDC: AI Chip Stocks Fall After Asia Selloff [[source]](https://finance.yahoo.com/technology/articles/ai-chip-stocks-fall-asia-161034686.html)
Samsung and SK Hynix drag global chip names lower.
  • COHR, LITE: Applied Optoelectronics Plunges 17%, Coherent and Lumentum Sink 10% as Photonics Stocks Reset [[source]](https://247wallst.com/investing/2026/07/02/applied-optoelectronics-plunges-17-coherent-and-lumentum-sink-10-as-photonics-stocks-reset/)
Shares of high-flying photonics names are sliding at midday Thursday. Applied Optoelectronics (NASDAQ:AAOI) stock is down 17% to $114.93, the biggest…
  • AMAT, KLAC, LRCX: Chip Stocks Off to Rough Start in Third Quarter With 2-Day Skid [[source]](https://finance.yahoo.com/markets/stocks/articles/chip-stocks-off-rough-start-164024851.html)
(Bloomberg) -- Semiconductor stocks are starting the third quarter with their worst two-day selloff in nearly a month. Most Read from BloombergExxon…
  • AMD, MRVL: Jim Cramer Just Named His Favorite Stock, and It’s the Comeback Nobody Saw Coming [[source]](https://247wallst.com/investing/2026/07/02/jim-cramer-just-named-his-favorite-stock-and-its-the-comeback-nobody-saw-coming/)
On June 30, Jim Cramer told Mad Money viewers his favorite stock is a company most people wrote off two years ago. “Intel, currently my favorite…
  • AMD, AVGO, MRVL: Marvell Stock: A Faster Lane On The Same Highway [[source]](https://www.trefis.com/articles/605378/marvell-stock-a-faster-lane-on-the-same-highway/2026-07-02)
The chipmaker's recent tear feels like a unique story, but its long-term behavior tells you more about the market you already own.
  • AMZN, GOOGL, META, MSFT: Meta just picked a fight with Amazon's cash cow [[source]](https://www.thestreet.com/markets/meta-just-picked-a-fight-with-amazons-cash-cow)
Wall Street does not punish companies for spending money. It punishes them for spending money without a story. Give investors a believable path from…
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Biggest Score Moves vs Prior Trading Day

TickerScore NowΔDirectionChange%
WDC50 (PART)-4.7↓ cheapened-9.9%
LRCX54 (PART)-4.5↓ cheapened-10.2%
KLAC56 (PART)-4.0↓ cheapened-11.5%
MRVL60 (PART)-3.8↓ cheapened-9.8%
BE58 (PART)-3.6↓ cheapened-6.4%
COHR62 (PART)-2.9↓ cheapened-9.6%
AMAT53 (PART)-2.8↓ cheapened-7.4%
GNRC55 (PART)-2.8↓ cheapened-6.5%
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Additional News Highlights

Notable headlines for other tracked tickers:

  • NVDA (-1.4%): Palantir upgraded to Buy, Rivian lifts delivery outlook, Robinhood's new product [[source]](https://finance.yahoo.com/video/palantir-upgraded-to-buy-rivian-lifts-delivery-outlook-robinhoods-new-product-193145290.html)
Market Domination Host Josh Lipton tracks several of the day's top trending stock tickers, including Palantir Technologies (PLTR) getting an upgrade…
  • AMD (-4.3%): 1 Major Warning Flag AMD and Intel Investors Can't Afford to Ignore [[source]](https://www.fool.com/investing/2026/07/02/1-major-warning-flag-amd-and-intel-investors-cant/) [negative]
Investors have priced a ton of expectations into the stocks of Intel and AMD.
  • AVGO (-2.4%): Broadcom vs. ON Semiconductor: Which Technology Stock Is a Better Buy in 2026? [[source]](https://www.fool.com/coverage/better-buy/2026/07/02/broadcom-vs-on-semiconductor-which-technology-stock-is-a-better-buy-in-2026/)
Broadcom and ON Semiconductor give chip investors two very different paths into the next semiconductor cycle. The question is which stock offers the…
  • GOOGL (-0.4%): BNP Paribas Sends Fresh Message on CoreWeave and Nebius Stocks [[source]](https://finance.yahoo.com/technology/ai/articles/bnp-paribas-sends-fresh-message-194010206.html)
AI Cloud Stocks Stumble as BNP Paribas Reveals Its CoreWeave, Nebius Outlook
  • AMZN (+0.4%): Trump Jr.'s 'Amazon of guns' could make millions under new proposed firearm rule   [[source]](https://finance.yahoo.com/news/trump-jr-amazon-guns-could-193355539.html)
By Dan Rosenzweig-Ziff WASHINGTON, July 1 (Reuters) - Donald Trump Jr. helped take an online retailer known as the “Amazon of guns” public last year.
  • ORCL (-1.6%): Robinhood and 4 More Stocks That Were Just Added to This Firm’s ‘Top Picks’ List [[source]](https://www.barrons.com/articles/robinhood-stock-price-top-picks-d23d6fb2?siteid=yhoof2&yptr=yahoo)
Robinhood Markets is added as a top stock for July. Micron and Oracle are among Mizuho Securities’ top picks for the month.
  • TSM (-2.3%): Dow Jones Futures: Dow Hits High But AI Tumbles; Apple, Robinhood Are Buys As Tesla… [[source]](https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-ai-tumbles-apple-robinhood-buy-signals-tesla-sandisk-dive/?src=A00220&yptr=yahoo)
The stock market had strong weekly gains, but it didn't feel that way with Sandisk and other AI plays selling off Thursday.
  • MU (-5.5%): What a weak jobs report means for crypto [[source]](https://finance.yahoo.com/video/what-a-weak-jobs-report-means-for-crypto-173342792.html) [negative]
Scott Melker discusses the latest crypto headlines. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of…
  • ANET (-4.0%): Arista Stock: Managing Supply Challenges As Shares Near Buy Point [[source]](https://www.investors.com/stock-lists/ibd-big-cap-20/arista-networking-stock-buy-point/?src=A00220&yptr=yahoo)
Cloud networking products manufacturer Arista has its stock trading close to a 177.48 entry from a cup-with-handle base.
  • CSCO (-3.7%): Equity Markets Mixed Intraday After Jobs Report [[source]](https://finance.yahoo.com/markets/stocks/articles/equity-markets-mixed-intraday-jobs-182349550.html)
US benchmark equity indexes were mixed intraday as traders assessed the latest jobs report. The N

Technical Signals

MA alignment: 3 bullish / 3 bearish of 37 with signals.

  • Bullish stack (px > 20d > 50d > 200d): ABBNY, AMAT, AMD
  • Bearish stack: CEG, ORCL, SMCI
  • Golden cross (20/50, last 5d): HUBB
  • Death cross (20/50, last 5d): ORCL, SCCO, SMCI
TickerTech ScoreSignal>VWAPMACD↑Px Score
AMD45BULLISH67 (FULL)
ABBNY45BULLISH64 (PART)
AMAT45BULLISH53 (PART)
MSFT30NEUTRAL30 (OPEN)
GOOGL30NEUTRAL41 (PART)
AMZN30NEUTRAL46 (PART)
META30NEUTRAL26 (OPEN)
HUBB20NEUTRAL43 (PART)
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Priced-In Scores

OPEN (0-35) — AI Not Priced
META(26), MU(28), NVDA(29), AVGO(29), ORCL(29), SMCI(30), MSFT(30), TSM(33), TLN(33), POWL(34)
PART (36-65) — Partially Priced
CEG(36), VST(41), GOOGL(41), ANET(42), FCX(42), FLNC(42), HUBB(43), AMZN(46), ASML(47), SCCO(50), WDC(50), CSCO(52), GEV(53), AMAT(53), ETN(54), LRCX(54), GNRC(55), KLAC(56), VRT(57), LITE(57), STX(57), BE(58), MOD(58), MRVL(60), COHR(62), ABBNY(64)
FULL (66+) — Fully Priced
AMD(67)
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Sector Snapshot (Today)

Derived from today's data — average daily change, average priced-in score, and dominant options flow per sector.

SectorMembersAvg Δ%Avg ScoreOptions BiasAvg P/C
Storage2-10.2%54bearish (2/2)1.18
Optical2-9.3%59bearish (2/2)2.02
SemiCap4-8.3%53bearish (2/4)1.38
Semis7-3.9%39bullish (2/7)0.76
Networking2-3.9%47bearish (2/2)2.25
Power Gen6-3.2%44bearish (4/6)1.53
DC Power/Cooling7-3.1%52bearish (5/7)2.82
Materials2+1.3%46bearish (2/2)2.06
Hyperscaler5-1.0%34bullish (4/5)0.54
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Options Activity

Put/Call ratio sentiment: < 0.4 = VERY BULLISH, 0.4-0.7 = BULLISH, 0.7-1.0 = NEUTRAL, 1.0-1.5 = BEARISH, > 1.5 = VERY BEARISH

Daily Options (nearest expiry)
TickerExpiryCall VolPut VolP/CSignalActivity
NVDA07-021.2M626K0.5BULLISHHIGH
MU07-02387K420K1.08BEARISHHIGH
MSFT07-02256K100K0.39VERY BULLISHMODERATE
AMZN07-02224K123K0.55BULLISHMODERATE
META07-02223K165K0.74NEUTRALMODERATE
AMD07-02174K93K0.54BULLISHMODERATE
GOOGL07-02156K67K0.43BULLISHMODERATE
ORCL07-0267K40K0.6BULLISHMODERATE
MRVL07-0261K53K0.87NEUTRALMODERATE
SMCI07-0253K42K0.8NEUTRALLOW
AVGO07-0248K35K0.74NEUTRALLOW
TSM07-0227K22K0.81NEUTRALLOW
BE07-0220K34K1.7VERY BEARISHLOW
LRCX07-0212K11K0.95NEUTRALLOW
WDC07-0210K12K1.25BEARISHLOW
Friday Weekly Positioning (2026-07-03)
TickerCall VolPut VolP/CSignal
NVDA349K108K0.31VERY BULLISH
MU112K248K2.21VERY BEARISH
AMD62K54K0.88NEUTRAL
ORCL55K23K0.42BULLISH
MSFT53K18K0.34VERY BULLISH
AMZN43K18K0.41BULLISH
META43K16K0.37VERY BULLISH
MRVL40K62K1.56VERY BEARISH
TSM31K60K1.9VERY BEARISH
SMCI29K15K0.51BULLISH
GOOGL29K9K0.3VERY BULLISH
AVGO27K14K0.51BULLISH
Options Sentiment Summary
  • Bullish (calls > puts): NVDA(P/C=0.5, HIGH), MSFT(P/C=0.39, MODERATE), AMZN(P/C=0.55, MODERATE), AMD(P/C=0.54, MODERATE), GOOGL(P/C=0.43, MODERATE), ORCL(P/C=0.6, MODERATE), GEV(P/C=0.66, MINIMAL), FLNC(P/C=0.53, MINIMAL), TLN(P/C=0.51, MINIMAL)
  • Bearish (puts > calls): MU(P/C=1.08, HIGH), BE(P/C=1.7, LOW), AMAT(P/C=1.58, LOW), CSCO(P/C=3.37, LOW), WDC(P/C=1.25, LOW), LITE(P/C=2.5, LOW), ASML(P/C=2.15, LOW), STX(P/C=1.11, LOW), COHR(P/C=1.55, MINIMAL), VRT(P/C=1.35, MINIMAL)
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Upcoming Events

NEXT 7 DAYS
DateTypeEventImpact
2026-07-05ECONOMICNon-Farm Payrolls (Jul)HIGH
NEXT 8-14 DAYS
DateTypeEventImpact
2026-07-15ECONOMICCPI Data (Jul)HIGH
15-30 DAYS
DateTypeEventImpact
2026-07-28MACROFOMC Meeting Day 1HIGH
2026-07-29MACROFOMC Rate Decision + Press ConferenceHIGH

Report generated: 2026-07-02 14:08 Data: Yahoo Finance | Model: v2 Dynamic Weights + Q-Score 37 of 37 tickers reported