Markets don’t close on Liquid. Here’s what’s moving this Saturday.
Stocks remain under pressure heading through the weekend, with most tech names trading below Friday’s close on Liquid. After a week dominated by inflation concerns and questions about the debt financing the AI boom, the recovery is still uneven.
> Memory and storage remain a weak spot.
$WDC and
$STX are extending their declines, while
$MU,
$SNDK and the
$DRAM ETF are also lower. The group entered the weekend facing concerns about Chinese memory competition and Toshiba’s plans to expand hard-drive production.
> AI infrastructure is showing pockets of recovery.
$SMCI,
$DELL,
$NBIS and
$IREN are above Friday’s close, while
$CRWV has steadied after a bruising week. That strength hasn’t spread across the entire trade: power names including
$BE,
$VST and
$GEV remain lower.
> Energy is holding up better.
$CVX and the
$XLE energy ETF are trading higher, standing out against weakness across much of tech. Chevron’s strength is part of a wider pocket of resilience in energy stocks.
> Crypto-linked stocks are lagging a relatively steady Bitcoin.
$MSTR,
$COIN,
$HOOD and
$CRCL remain below Friday’s close, even as
$BTC trades near its Friday afternoon level.
> Next week’s earnings will test whether confidence can return:
$SPCX and
$NFLX report Tuesday, followed by
$META and
$TSLA Wednesday.
We’ll be back Sunday with the latest moves and headlines. Turn on post notifications to catch the update.