【SpaceX’s market cap has evaporated by more than a trillion dollars】


【Philadelphia semiconductor index plunges 5%】
【U.S. stock market opens | All three major indexes open lower across the board; semiconductors and memory sectors fall broadly】
SpaceX’s share price has fallen 38% from its peak, with its market cap down by more than a trillion dollars from its high.
The Philadelphia Semiconductor Index’s decline widens to 5%; AMD drops more than 7%, Intel falls more than 6%, TSMC and Micron Technologies drop more than 5%, and Nvidia drops more than 4%.
The Dow falls 1.04%, the Nasdaq drops 1.74%, and the S&P 500 index declines 1.06%. Semiconductors and memory stocks fall broadly; Western Digital drops more than 4%, and SK hynix ADR drops more than 2%. Netflix falls more than 11%
SPCX-5.43%
AMD-1.12%
INTC-2.01%
TSM-2.97%
MU-0.55%
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Dannyw
· 5h ago
I think a relatively normal bottom price would be around 50k. There is a large amount of liquidity support at 50k, basically at the extreme level—also the best support level for the last drop. As for what some people say about falling to 30,000–40k, I think it’s hard to reach unless there’s a black swan spike like once every 20 years. At the same time, regarding when the bottom will arrive, I think it will be in October, and then there will be 1–2 months of consolidation around the bottom. The timing I set for my buy-the-dip is to buy in batches below 55k; if the price is suitable, I might go in as early as October.
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