US stocks diverged sharply! The "Magnificent Seven" defended the market, while semiconductors crashed badly.

Tonight's US stock market presented an extreme scenario. The three major indices opened lower but rebounded to close in the green, as the tech seven giants joined forces to prop up the market. However, the memory chip and semiconductor sectors were battered, with the Philadelphia Semiconductor Index plunging over 4%.

Falling inflation expectations gave the market a breather, but concerns over AI chip valuations continue to fester. Sector rotation is accelerating. Holders, don't blindly chase gains or cut losses arbitrarily. #MU $MU