New York Stock Market, Massive Sell-off Due to Soaring Interest Rates...Should We Only Trust NVIDIA's Earnings Announcement? [Wall Street Newsletter]

Watch on YouTube ↗  |  May 17, 2026 at 22:15  |  44:10  |  3PRO TV (삼프로TV)
Speakers
Park Myung-seok — Curator

Summary

The video covers the New York market sell-off driven by rising interest rates, oil price spikes, and geopolitical risks (Iran, US-China). Host and guest Park Myung-suk analyze the macro backdrop, highlight rotation from AI hardware to software, and review key 13F filings from Berkshire, Druckenmiller, and others. They maintain long-term confidence in AI and tech but warn of short-term volatility ahead of NVIDIA earnings and the new Fed chair's debut.

  • US markets fell sharply as 10-year Treasury yields approached 4.6% and oil topped $105, reigniting stagflation fears.
  • AI hardware corrected but software sector (IGV ETF) rotated higher on relative value and AI agent themes.
  • NVIDIA earnings this week are viewed as the critical catalyst; TD Cowen raised its target to $275.
  • Berkshire Hathaway's 13F revealed increased stakes in Alphabet and Delta Air Lines while cutting Chevron and Visa, signaling a pro-cyclical bet.
  • Druckenmiller added semiconductor names like Broadcom, SanDisk, and Micron, focusing on AI hardware.
  • SpaceX IPO (June 12) is expected to be a major liquidity event, potentially drawing capital from other space and tech stocks.
  • Gold tested support and Bitcoin fell to $78K due to rate sensitivity.
  • The speaker advises monitoring software and storage plays as complementary trades to core AI hardware.
Trade Ideas
Park Myung-seok Curator 2:17
Storage demand recovery supports SanDisk.
SanDisk benefits from improving storage demand after Kioxia's strong results and guidance; major investors like Druckenmiller and Tepper added SanDisk positions, supporting a hopeful outlook.
WDC MED
Park Myung-seok Curator 2:26
Cisco offers post-earnings momentum opportunity.
Cisco reported strong earnings and has been rallying; the stock presents an opportunity as it continues its post-earnings momentum.
CSCO LOW
Park Myung-seok Curator 24:49
NVIDIA bullish on AI leadership and earnings.
NVIDIA remains the key AI leader with strong earnings expectations; TD Cowen raised its price target to $275, and despite short-term consolidation, the earnings report this week will likely provide momentum and reaffirm the AI investment thesis.
NVDA HIGH
Park Myung-seok Curator 37:50
Microsoft undervalued on future AI prospects.
Microsoft is undervalued relative to its future AI and cloud potential; prominent investor Bill Ackman added the stock, and at its current price around $420 it offers a compelling risk/reward.
MSFT MED
Park Myung-seok Curator 38:17
Software sector rotation is bullish for IGV.
Software sector is rotating higher as AI hardware corrects; the IGV ETF is showing a meaningful uptrend, indicating renewed interest in software stocks which appear relatively undervalued.
IGV MED
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This 3PRO TV (삼프로TV) video, published May 17, 2026, features Park Myung-seok discussing WDC, CSCO, NVDA, MSFT, IGV. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Myung-seok  · Tickers: WDC, CSCO, NVDA, MSFT, IGV