AI Stock V-Shaped Reversal Recap
On the evening of June 30, according to Bitget market data, AI-related U.S. stocks staged a V-shaped reversal, with most stocks recovering their opening losses during the session. Micron (MU) was last down 3%, after hitting an intraday low of -8%, indicating strong buying support at lower levels. MRVL (Marvell Technology) turned positive, now up 0.49%, after previously falling over 5%, marking a significant reversal.
Several individual stocks showed notable strength: GLW and CBRS both gained more than 10%. Storage stocks also rallied, with WDC (Western Digital) rising 8% and STX (Seagate Technology) adding 4%. The reversal may reflect renewed optimism about AI compute demand. Investors should watch upcoming earnings and industry trends for further confirmation.
