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New York Stock Exchange, Tech Stocks Lead Decline Expansion…Micron Rises Ahead of Earnings Release [Wall Street Newsletter]

New York Stock Market, Tech Stocks Lead Decline Expansion…Micron Rises Ahead of Earnings Release [Wall Street Newsletter]
Watch on YouTube ↗  |  June 22, 2026 at 22:15  |  45:48  |  3PRO TV (삼프로TV)
Speakers
Park Myung-seok — Curator

Summary

The US market saw tech stocks lead declines, but semiconductors held firm on earnings visibility. Curator Park Myung-suk highlights Micron Technology as the pivotal AI catalyst ahead of earnings, aided by an Anthropic partnership. Oil continues to slide as shorts take control, while the US dollar strengthens on hawkish Fed expectations. Select opportunities emerge in analog/power chips (ON Semi), equipment (ASML), and oversold high-quality software like Microsoft, while institutional rebalancing creates near-term headwinds.

  • Tech stocks led a broad market decline, but semiconductors showed resilience on earnings visibility.
  • Micron Technology is central to AI narrative; upcoming earnings and the Anthropic deal strengthen its memory leadership.
  • Analog and power semiconductor sectors (e.g., ON Semiconductor) are gaining due to improving earnings visibility.
  • ASML benefits from strong memory equipment demand; Bank of America raised its price target.
  • Microsoft has become cheap (below 20x P/E) among high-quality software names, presenting a buying opportunity.
  • Crude oil remains under sustained downward pressure, with short positioning increasing.
  • The US dollar is strengthening on interest rate differentials and a hawkish Federal Reserve.
  • Quarter-end rebalancing from major pension and sovereign wealth funds is causing near-term selling pressure.
Ideas
Park Myung-seok Curator 0:38
AI memory demand, Anthropic deal catalyst.
Micron Technology is the key test for the AI semiconductor thesis. Its upcoming earnings are expected to demonstrate strong AI memory demand and prove resilience against market rebalancing pressure. Additionally, a strategic partnership with Anthropic to supply data center memory positions Micron as a domestic AI supply chain winner, giving it a differentiated edge over Korean peers. Analysts raised price targets just before the report.
MU HIGH
Park Myung-seok Curator 3:27
Analog/power semis show earnings visibility.
Analog and power semiconductor sectors are showing improving earnings visibility, which is driving positive price action. ON Semiconductor gained 8% as the market rewards these sectors with stronger fundamental backing.
ON MED
Park Myung-seok Curator 5:07
Short crude oil, downtrend persists.
Crude oil prices continue to fall, making it difficult to maintain a long position; short positioning is becoming dominant. Despite geopolitical noise such as the Hormuz Strait, the price trend is strongly down, supported by demand concerns and potential supply increases like renewed Iranian oil flows.
WTI MED
Park Myung-seok Curator 6:53
US dollar strengthens on hawkish Fed.
US interest rates remain elevated and the Fed is hawkish, driving dollar strength. Capital flows are shifting into the US, pushing the US Dollar Index toward 101 and sustaining upward pressure.
US Dollar Index (DXY) MED
Park Myung-seok Curator 30:56
Memory equipment demand drives ASML.
ASML is expected to deliver strong results driven by memory capex and EUV equipment demand. Bank of America raised its price target to $2,345, citing good earnings prospects, and the stock chart shows a bullish trend.
ASML MED
Park Myung-seok Curator 36:38
Microsoft oversold, valuation below 20x.
Microsoft's valuation has fallen below 20x forward earnings, making it very cheap for a high-quality software stock. High-quality software names have been significantly oversold and are now attractive opportunities that should not be missed.
MSFT HIGH
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This 3PRO TV (삼프로TV) video, published June 22, 2026, features Park Myung-seok discussing MU, ON, WTI, US Dollar Index (DXY), ASML, MSFT. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Myung-seok  · Tickers: MU, ON, WTI, US Dollar Index (DXY), ASML, MSFT