THE TAPE
Market Desk · Sentiment

Chip leverage unwind (EWY/DRAM outflows) plus tariff and hawkish Fed overhang persist despite strong fundamentals.

Aug 30, 2026 · 5:01 PM BEARISH — 55%
Notable Moves 24
NVDA
Q2 beat and AI demand thesis reaffirmed in weekend roundup.
📰 Weekend Tech Roundup: CXMT's 874% Revenue Surge, Apple's New Macs, Nvidia's Q2 Beat and More
▲60%
EWY
Explicit outflow spike as Korea chip leverage trade unwinds.
📰 EWY: South Korea's Flagship ETF Sees Outflows Spike as Chip Leverage Trade Unwinds
▼60%
CXMT
874% revenue surge highlighted despite Pentagon lawsuit overhang.
📰 Weekend Tech Roundup: CXMT's 874% Revenue Surge, Apple's New Macs, Nvidia's Q2 Beat and More
▲55%
DRAM
Explicit outflow surge despite strong underlying company growth.
📰 DRAM ETF Outflows Surge Even as Micron, SK Hynix, SanDisk Post Strong Growth
▼55%
SOXL
Leveraged semis exposed to continued SOX/EWY unwind.
📰 DRAM ETF Outflows Surge Even as Micron, SK Hynix, SanDisk Post Strong Growth
▼50%
MU
Strong fundamentals despite DRAM ETF outflows show fundamentals vs price disconnect.
📰 DRAM ETF Outflows Surge Even as Micron, SK Hynix, SanDisk Post Strong Growth
▲50%
SNDK
SanDisk posting strong growth despite DRAM ETF outflows.
📰 DRAM ETF Outflows Surge Even as Micron, SK Hynix, SanDisk Post Strong Growth
▲50%
NVDL
Leveraged NVDA exposure benefits from confirmed Q2 beat and demand.
📰 Weekend Tech Roundup: CXMT's 874% Revenue Surge, Apple's New Macs, Nvidia's Q2 Beat and More
▲50%
005930.KS
Samsung part of EWY/chip leverage unwind despite buybacks.
📰 EWY: South Korea's Flagship ETF Sees Outflows Spike as Chip Leverage Trade Unwinds
▼45%
000660.KS
SK Hynix caught in chip leverage unwind despite strong fundamentals.
📰 EWY: South Korea's Flagship ETF Sees Outflows Spike as Chip Leverage Trade Unwinds
▼45%
SOX
Chip index index still bleeding on leverage unwind despite cheap valuations.
📰 EWY: South Korea's Flagship ETF Sees Outflows Spike as Chip Leverage Trade Unwinds
▼45%
AMD
Tariff overhang on servers/laptops hit AMD sentiment Friday.
📰 Broadcom Sets the AI Week amid tariff/tech volatility
▼40%
SPCX
SpaceX-NASA telescope launch reinforces structural bullish infrastructure story.
📰 NASA Teams Up With SpaceX to Launch $4 Billion Observatory
▲40%
SOXX
Semiconductor ETF exposed to same leverage unwind as EWY/DRAM.
📰 DRAM ETF Outflows Surge Even as Micron, SK Hynix, SanDisk Post Strong Growth
▼40%
SMH
Semiconductor ETF pressured by same fundamentals/price disconnect.
📰 DRAM ETF Outflows Surge Even as Micron, SK Hynix, SanDisk Post Strong Growth
▼40%
KORU
Leveraged Korea ETF exposed to same EWY chip unwind.
📰 EWY: South Korea's Flagship ETF Sees Outflows Spike as Chip Leverage Trade Unwinds
▼40%
MRVL
Post-earnings sell-the-news drop continues despite raised guidance.
📰 Marvell's post-earnings -8% drop despite raised FY27/28 guidance
▼40%
CRWV
AI infrastructure buildout narrative remains structurally supportive.
▲30%
SCHD
SCHD gaining AUM, poised to overtake VIG.
📰 SCHD to Become King of Dividend ETFs? Aims to Overtake VIG in Key Milestone
▲30%
XBI
Biotech remains structural hedge trade per accumulated context.
▲30%
GM
50% Canada auto tariffs escalating, unresolved structural drag.
📰 G20 Finance Chiefs To Meet In US as Canada Tariff Rift, Venezuela Oil Deal Dents Cohesion
▼30%
TM
Canada auto tariff escalation weighs on foreign automakers.
📰 G20 Finance Chiefs To Meet In US as Canada Tariff Rift, Venezuela Oil Deal Dents Cohesion
▼25%
STLA
Canada auto tariff dispute structurally unresolved, weighing on autos.
📰 G20 Finance Chiefs To Meet In US as Canada Tariff Rift, Venezuela Oil Deal Dents Cohesion
▼25%
HMC
Canada auto tariff dispute pressures Honda alongside other automakers.
📰 G20 Finance Chiefs To Meet In US as Canada Tariff Rift, Venezuela Oil Deal Dents Cohesion
▼25%
Full Board 109 symbols
SymbolSignalConf.Why
NVDA▲ BULLISH60%Q2 beat and AI demand thesis reaffirmed in weekend roundup.
EWY▼ BEARISH60%Explicit outflow spike as Korea chip leverage trade unwinds.
CXMT▲ BULLISH55%874% revenue surge highlighted despite Pentagon lawsuit overhang.
DRAM▼ BEARISH55%Explicit outflow surge despite strong underlying company growth.
SOXL▼ BEARISH50%Leveraged semis exposed to continued SOX/EWY unwind.
MU▲ BULLISH50%Strong fundamentals despite DRAM ETF outflows show fundamentals vs price disconnect.
SNDK▲ BULLISH50%SanDisk posting strong growth despite DRAM ETF outflows.
NVDL▲ BULLISH50%Leveraged NVDA exposure benefits from confirmed Q2 beat and demand.
AVGO● NEUTRAL45%Tariff speculation and earnings Sept 2 are key swing factors.
005930.KS▼ BEARISH45%Samsung part of EWY/chip leverage unwind despite buybacks.
ORCL● NEUTRAL45%Earnings seen as major swing catalyst this week.
000660.KS▼ BEARISH45%SK Hynix caught in chip leverage unwind despite strong fundamentals.
SOX▼ BEARISH45%Chip index index still bleeding on leverage unwind despite cheap valuations.
AMD▼ BEARISH40%Tariff overhang on servers/laptops hit AMD sentiment Friday.
SPY● NEUTRAL40%Macro catalysts this week (rates, tariffs) balance broad index outlook.
QQQ● NEUTRAL40%Tech-heavy index caught between AI bullishness and chip unwind.
SPCX▲ BULLISH40%SpaceX-NASA telescope launch reinforces structural bullish infrastructure story.
SOXX▼ BEARISH40%Semiconductor ETF exposed to same leverage unwind as EWY/DRAM.
SMH▼ BEARISH40%Semiconductor ETF pressured by same fundamentals/price disconnect.
KORU▼ BEARISH40%Leveraged Korea ETF exposed to same EWY chip unwind.
AAPL● NEUTRAL40%iPhone shipments rising but Mac AI struggles noted.
MRVL▼ BEARISH40%Post-earnings sell-the-news drop continues despite raised guidance.
TSM● NEUTRAL30%Tied to broader AI/chip demand but no direct headline today.
CRWV▲ BULLISH30%AI infrastructure buildout narrative remains structurally supportive.
WDC● NEUTRAL30%Part of storage/DRAM complex facing outflow pressure despite growth.
SCHD▲ BULLISH30%SCHD gaining AUM, poised to overtake VIG.
XBI▲ BULLISH30%Biotech remains structural hedge trade per accumulated context.
GM▼ BEARISH30%50% Canada auto tariffs escalating, unresolved structural drag.
CRM● NEUTRAL30%Salesforce rally noted in weekly tech roundup.
F● NEUTRAL25%Canada auto tariff dispute continues to weigh structurally.
TM▼ BEARISH25%Canada auto tariff escalation weighs on foreign automakers.
STLA▼ BEARISH25%Canada auto tariff dispute structurally unresolved, weighing on autos.
HMC▼ BEARISH25%Canada auto tariff dispute pressures Honda alongside other automakers.
CRWD● NEUTRAL25%Named among watchlist tech but no direct catalyst today.
XOM● NEUTRAL20%Venezuela oil deal adds supply optionality, mild sector effect.
CVX● NEUTRAL20%Venezuela deal adds structural supply optionality to oil majors.
USO● NEUTRAL20%Venezuela deal and Iran export declines are structural but not moving oil today.
COP● NEUTRAL15%Venezuela oil deal marginally affects US oil supply picture.
BOTZ● NEUTRAL15%Humanoid robotics interest but commercialization questions persist.
SKHY● NEUTRAL0%No relevant headline.
ASML● NEUTRAL0%No relevant headline.
STX● NEUTRAL0%No relevant headline.
SK● NEUTRAL0%No relevant headline.
SKHU● NEUTRAL0%No relevant headline.
IBM● NEUTRAL0%No relevant headline.
INTC● NEUTRAL0%No relevant headline.
005935.KS● NEUTRAL0%No relevant headline.
PLTR● NEUTRAL0%No relevant headline.
LITE● NEUTRAL0%No relevant headline (not Lumentum-specific news).
GOOGL● NEUTRAL0%No relevant headline.
MSFT● NEUTRAL0%No relevant headline.
GOOG● NEUTRAL0%No relevant headline.
META● NEUTRAL0%No relevant headline.
AMAT● NEUTRAL0%No relevant headline.
LRCX● NEUTRAL0%No relevant headline.
NBIS● NEUTRAL0%No relevant headline.
TSLA● NEUTRAL0%No relevant headline.
SMCI● NEUTRAL0%No relevant headline.
GEV● NEUTRAL0%No relevant headline.
XYZ● NEUTRAL0%No relevant headline.
AMZN● NEUTRAL0%No relevant headline.
CBRS● NEUTRAL0%No relevant headline.
NOK● NEUTRAL0%No relevant headline.
KVUE● NEUTRAL0%No relevant headline.
688825.SS● NEUTRAL0%No relevant headline.
DISK● NEUTRAL0%No relevant headline.
SHEL● NEUTRAL0%No relevant headline.
ARM● NEUTRAL0%No relevant headline.
RBLX● NEUTRAL0%No relevant headline.
ABNB● NEUTRAL0%No relevant headline.
BABA● NEUTRAL0%No relevant headline.
QCOM● NEUTRAL0%No relevant headline.
BAC● NEUTRAL0%No relevant headline.
COHR● NEUTRAL0%No relevant headline.
V● NEUTRAL0%No relevant headline.
SMHU● NEUTRAL0%No relevant headline.
SMHD● NEUTRAL0%No relevant headline.
FSLR● NEUTRAL0%No relevant headline.
HPQ● NEUTRAL0%No relevant headline.
LLY● NEUTRAL0%No relevant headline.
CSCO● NEUTRAL0%No relevant headline.
FERG● NEUTRAL0%No relevant headline.
SSD● NEUTRAL0%No relevant headline.
BWET● NEUTRAL0%No relevant headline.
DIVB● NEUTRAL0%No relevant headline.
VIST● NEUTRAL0%No relevant headline.
MNST● NEUTRAL0%No relevant headline.
KO● NEUTRAL0%No relevant headline.
HD● NEUTRAL0%No relevant headline.
TGT● NEUTRAL0%No relevant headline.
WMT● NEUTRAL0%No relevant headline.
TXN● NEUTRAL0%No relevant headline.
ADI● NEUTRAL0%No relevant headline.
MPWR● NEUTRAL0%No relevant headline.
FN● NEUTRAL0%No relevant headline.
NET● NEUTRAL0%No relevant headline.
IREN● NEUTRAL0%No relevant headline.
LOW● NEUTRAL0%No relevant headline.
MPC● NEUTRAL0%No relevant headline.
KSMH● NEUTRAL0%No relevant headline.
RRC● NEUTRAL0%No relevant headline.
SN● NEUTRAL0%No relevant headline.
PSX● NEUTRAL0%No relevant headline.
MRK● NEUTRAL0%No relevant headline.
MRNA● NEUTRAL0%No relevant headline.
AMGN● NEUTRAL0%No relevant headline.
BB● NEUTRAL0%No relevant headline.
SE● NEUTRAL0%No relevant headline.
PDD● NEUTRAL0%No relevant headline.

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