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Several stocks, including CRDO, SNDK, LITE, COHR, MRVL, AEHR, ALAB, AMAT, AMKR, KLAC, AMD, TSM, ARM, MU, and ASML, posted notable gains ranging from 6% to 10%.
Shay Boloor commented that many people remain hesitant to trust the recent upward movement in these stocks.
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Shay Boloor has recently commented on rapid sellouts across the tech sector, noting that Apple's foldable iPhone Duo sold out within minutes of preorders opening, with deliveries delayed to mid-December (link). He has also reported on liquidity challenges, referencing Elon Musk's remarks that debt markets have mostly closed to AI-only neoclouds and forecasting increased consolidation (link). These observations follow his ongoing coverage of shifts in technology and capital markets.