Mandeep Singh discusses US government difficulty enforcing AI model restrictions (Anthropic, OpenAI), expects no long-term wide-ranging enforcement. He analyzes Micron's 74% QoQ growth driven by pricing, warns that high memory prices are causing demand destruction (Apple seeking Chinese chips, hyperscalers raising compute prices), and notes long-term contracts may cap future price increases.
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Mandeep Singh 8.5
Financial Media
Mandeep Singh 8.5
6/27/2026 3:23:50 PM
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Mandeep notes that high memory prices are causing demand destruction, hyperscalers are suffering, and Apple shares plummeted on price hike news. This implies near-term caution for tech-heavy indices.
Cameron Price attributes the week's tech volatility to leveraged ETF mechanics causing forced selling ($45B on Wednesday). He warns that the AI trade is being reassessed as chipmakers' massive CapEx plans (SK Hynix $29B raise) risk demand destruction, and technology is shifting from disinflationary to inflationary, citing Apple's price hike as evidence. He compares SpaceX's IPO fade to Facebook's 2012 face-plant, and suggests OpenAI's IPO delay indicates unattractive financials.
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Cameron Price 7.0
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Cameron Price 7.0
6/27/2026 3:23:50 PM
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Cameron describes the week as a 'rough week' for tech, with leveraged ETFs causing forced selling, and says people are 'starting to reevaluate some of the breathless narratives' underpinning the AI trade. He also notes hyperscaler stocks have fallen in aggregate. This implies a cautious near-term outlook for the Nasdaq 100.
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Cameron's discussion of leveraged ETFs amplifying volatility applies broadly to equity markets, including small caps. The forced selling mechanism he describes would affect the Russell 2000 as well, implying short-term volatility.