Interesting question going into Monday.
A WallStreetBets post points to a pattern where money keeps rotating between AI hardware and enterprise software instead of leaving the sector completely.
One week chips and memory stocks get dumped over overcapacity fears.
Next week software becomes the safe trade.
Then money swings back again.
Last Friday was a US holiday, so trading volume stayed light while overseas buyers pushed names like Micron and Nvidia higher.
Now the question is what happens when US institutions come back.
Do they chase the rebound, or rotate right back into software again.
The funny part is the comments.
Half the replies basically say stocks only do two things, go up or go down.
But underneath the memes is a real point.
If money keeps rotating instead of leaving AI altogether, it suggests investors still believe the long term story.
They just cannot agree which part of the AI trade deserves the premium anymore.
That may end up being the bigger story than whether Monday finishes green or red.