r/stockstobuytoday
Premarket Check: Investors are getting tired of funding AI promises and want actual profit now
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The market ended green on Friday, but if you look under the hood, people are definitely moving money around before the bell today. Because yields are high, borrowing costs money, and investors are being way pickier. On Friday, boring sectors like Materials (+2.14%) got bought up while Tech lagged and Utilities took a beating (-2.28%). **Tech is taking a hit this morning:** Chip makers and hardware suppliers are getting sold off before the bell: * **Coherent ($COHR):** \-4.42% * **Marvell ($MRVL):** \-3.61% * **Corning ($GLW):** \-3.56% * **Micron ($MU):** \-3.44% Look at Alibaba lol; their cloud business grew, but the stock got slammed because they spent so much cash building out tech that their net income dropped 38%. Meanwhile, TMC jumped 20% on a mining deal, and Robinhood popped 13% on crypto news. Clear wins are getting rewarded; expensive promises are getting punished. Watch if small caps stay flat while tech bleeds out. If that happens, it means people aren't pulling out of the market entirely and they're just dumping expensive tech names for stocks making money today. Are you trimming your tech hardware positions, or just holding through this temporary move?
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[comment u/Successful-Deer-5866] Brother coherent is a joke. I mean, what do they offer besides GBICs? I can name a thousand manufacturers doing the same, why them and no others? Puts.
Tech is taking a hit this morning: Chip makers and hardware suppliers are getting sold off before the bell: * Coherent ($COHR): -4.42%
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