Whilst the main market settled broadly weak, there was more significant weakness in semiconductor stocks, with Advanced Micro Devices (AMD), Micron Technology (MU), and Nvidia (NVDA) settling -4.8%, -2.4%, and -3.3% respectively. Near term outlook offers further weakness into early July.
Suffice to add, it was a very bearish day for tech stocks, especially those involved with producing CPU/GPUs.
Near term targets...
AMD - the 12.00 to 11.50 zone.
MU - 30.00/29.50.. where the 50dma is lurking
NVDA - the 50dma, 135/34
Even if the lower end of those targets are hit, it will do ZERO damage to core rising support/trend, that stretches back to early 2016.
For the record, I'm especially bullish Micron Technology, on a pure valuation basis. Earnings - as issued in AH, were better than reasonable. Once the main market floors, whether sp'2400.. or 2350/40s... MU is a valid term buy.
yours.. running on a very efficient Nvidia GPU.