Jul. 3 at 12:30 AM
AI remains the biggest story in the market, but leadership is clearly rotating.
Today , AI infrastructure names came under selling pressure as stocks like
$NVDA,
$AVGO,
$MU,
$CRDO, and
$COHR pulled back after their strong runs. Profit-taking in some of the biggest winners is a normal part of a healthy bull market.
Meanwhile, MSFT quietly outperformed and finished green, showing relative strength while much of the AI trade weakened. Reports that
META is exploring ways to monetize excess AI compute capacity also highlight an important shift in the market narrative.
The next phase of AI isn’t just about spending billions on infrastructure—it’s about generating meaningful revenue and profits from those investments.
Keep an eye on AI monetization. As the market transitions from AI CapEx to AI earnings, companies with scalable AI products and recurring revenue could become the next leaders. Smart money appears to be recognizing this, with notable bullish options activity in
MSFT.
