🎯 Smart Money Signal
Happy Sunday afternoon.
Micron and Sandisk are drawing serious scrutiny right now, with bubble talk heating up in memory chip land. Meanwhile, Jim Simons' quant fund holding Micron early tells you smart money was watching this space closely.
Optics stocks are cooling fast today, with Applied Optoelectronics, Coherent, and Lumentum all sliding hard. Quantum penny stocks are getting ChatGPT hype, which is usually your cue to tread carefully.
Top Stories for Sunday, May 31st
Are Micron and Sandisk Stocks in a Bubble?
Sandisk and Micron are both memory chip producers. Both companies are seeing rapid growth.
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Click here to watch the video.Jim Simons' fund bet early on Micron; Here's the fund's top stocks now
While the latest stock market upsurge turned Micron (NASDAQ: MU) into a household name, Jim Simons made a prodigious investment in the memory company as far back as 2013 – when it was trading at approximately $18 – and saw the equity rise almost exactly 5,000% since.
Read MoreChatGPT picks 2 quantum penny stocks to buy now
Quantum penny stocks are attracting growing investor interest as demand for post-quantum cybersecurity and quantum computing infrastructure accelerates.
Read MoreAfter "33X" call, Hall of Fame Trader Jon Najarian reveals NEW Tesla prediction (Ad)
Jon Najarian put his neck out on national TV for Tesla in 2014… Before Tesla stock flew to peak gains of 3,392% today! But this "33X" call on Tesla might pale in comparison to Jon's newest prediction about Elon Musk… That a potential $44 TRILLION plan could be coming next.
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Read MoreApplied Optoelectronics Tumbles 9%, Coherent Sinks 8%, Lumentum Falls 4% as Optics Stocks Cool Off
Shares of Applied Optoelectronics (NASDAQ:AAOI) are down 9% midday Friday to roughly $154, leading a broader cool-off in AI optics names.
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