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Good morning Investors!
TL;DR: Semiconductors are decoupling from broader market volatility as a record memory price upcycle and high-bandwidth memory (HBM4) demand trigger a "second wave" of the AI infrastructure build-out.
Pre-market data as of: January 16, 2026 at 8:51 AM EST
—Charlie F.
🟢 TOP GAINERS
Micron Technology (MU) - $352.52 | +4.7%
Price Action: 2.1x Avg (vs 30-day)
RSI Momentum: 74 ⚠️
Insight: Bernstein raised targets to $330+ as HBM pricing momentum accelerates faster than models predicted for 1Q26.
Taiwan Semiconductor (TSM) - $341.64 | +4.44%
Price Action: 1.8x Avg (vs 30-day)
RSI Momentum: 71 ⚠️
Insight: Strong fourth-quarter net profit and robust guidance confirm that AI-driven 2nm demand remains the dominant industry catalyst.
Western Digital (WDC) - $231.50 | +4.2%
Price Action: 1.5x Avg (vs 30-day)
RSI Momentum: 68 🐂
Insight: Tightening memory supply is creating a "binding constraint" in AI systems, forcing enterprise storage prices higher.
NVIDIA (NVDA) - $187.05 | +2.1%
Price Action: 1.4x Avg (vs 30-day)
RSI Momentum: 66 🐂
Insight: Sovereignty-focused AI investments and Blackwell volume ramping are neutralizing concerns over peak valuation.
Advanced Micro Devices (AMD) - $227.92 | +1.9%
Price Action: 1.1x Avg (vs 30-day)
RSI Momentum: 62 🐂
Insight: Sympathy gains in the semi sector as investors rotate out of software into hardware infrastructure plays.
🔴 TOP LOSERS
IBM (IBM) - $297.95 | -3.6%
Price Action: 1.2x Avg (vs 30-day)
RSI Momentum: 42 🐻
Insight: Ongoing friction in the legacy consulting segment is overshadowing gains in hybrid cloud and AI software adoption.
HP Inc. (HPQ) - $34.50 | -3.0%
Price Action: 1.3x Avg (vs 30-day)
RSI Momentum: 38 🐻
Insight: Barclays downgraded to Underweight, citing persistent secular challenges in the consumer PC and printing divisions.
Infosys (INFY) - $18.82 | -2.7%
Price Action: 0.9x Avg (vs 30-day)
RSI Momentum: 44 🐻
Insight: Sentiment softened following reports of a slowdown in European digital transformation budgets.
Apple (AAPL) - $258.21 | -0.7%
Price Action: 0.8x Avg (vs 30-day)
RSI Momentum: 51 ⚖️
Insight: Regulatory noise in the EU and shifting iPhone mix expectations are keeping the stock range-bound.
Microsoft (MSFT) - $456.66 | -0.6%
Price Action: 1.0x Avg (vs 30-day)
RSI Momentum: 53 ⚖️
Insight: Market is digesting heavy CapEx guidance as investors demand more visibility into the "Azure AI" margin floor.
Quick Guide
Price Action:
Today’s trading activity is X.X times higher than the stock’s average daily activity over the past 30 trading days.
Relative Strength Index (RSI):
🐻 Bearish (0-44) = Weak momentum; Sellers in control
⚖️ Neutral (45-64) = No clear momentum; Rallies tend to fade
🐂 Bullish (55-69) = Buyers in control; Healthy uptrend
⚠️ Overbrought (70+) = Strong momentum but higher pullback risk
Heading into 2026, investors are both excited and nervous... It’s a 'prove it' year, but that actually makes me more bullish because now we go into the next phase of AI. I think tech stocks are up 20%–25% in 2026.
