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TBH, a few tickers like SNDK, LITE, AAOI, and MU have already dropped considerably. But they're sitting at levels that have held before. SNDK bounced off the $1,500 zone a few times now, that's where the 50-day average and an old resistance-turned-support line line up. MU has been leaning on the high $800s, same story, moving average plus a prior breakout point. AAOI and LITE pulled back hard off their highs but found buyers around the same spots they consolidated at back in June.
The thing is, these support levels only hold because people keep buying the dip on the story (AI memory shortage, optics demand, hyperscaler capex). If that story cracks even a little, the floor goes with it.
If it breaks, it won't be a slow bleed. These names ran up so fast that there's not much support built between the old support and the next real floor way below. Once stops start triggering, it cascades, especially with how much leveraged long exposure is stacked on these tickers (NVDL, SKUU-type products, single stock 2x longs). Forced selling from those feeds right back into the stock.
It is a high-risk, high-reward play.
Below are the list of short etf
Nvidia - NVDD, NVD, NVDQ
Micron - MUD, MUZ
Broadcom - AVS
AMD - AMDD, DAMD
TSM - TSMZ, STSM
Oracle - ORCS, ORCZ
Super Micro - SMCZ
Coreweave - CORD
AAOI - AAOZ