Anti-AI Backlash Goes Mainstream, the Explosion of Analog, and AMC Fumbling the Trade of the Year

Summary

Thread Guy covers a widespread market sell-off, AMC's dilutive offering that ruined his movie-going renaissance trade, rising anti-AI sentiment with water-quality conspiracy theories, Trump's quantum computing pump that led him to buy IBM, and a brutal day for semis and crypto. He also updates his IRL-is-back thesis, shorts Snapchat on Meta's glasses news, and previews high-stakes Micron earnings.

• Equities slide with S&P down ~1.5%, semis crushed, and South Korea's KOSPI circuit-breaker triggered on memory-chip fears.
• AMC tanks 24% after back-to-back dilutions, killing Thread Guy's IRL/movie-theater-revival trade.
• Anti-data-center and anti-AI rhetoric goes mainstream, including viral claims about water quality; seen as a growing political headwind.
• Trump administration orchestrates a quantum-computing push across multiple channels, awarding grants and featuring IBM's CEO, sparking a quantum stock rally.
• Thread Guy longs IBM as a momentum/quantum-shilling play and shorts Snapchat due to Meta launching cheaper smart glasses.
• Crypto charts look bearish with Bitcoin and Solana forming ominous double tops, prompting an avoid stance on both.
• IRL experience thesis gains traction with Madison Square Garden and Sphere at all-time highs, though a clean tradable vehicle is still elusive.
• Micron earnings loom as a potential market-moving event, with heightened anxiety around memory demand and guidance.