Closing Bell Closing Bell 5/8/26
5 snips
May 8, 2026 Dan Greenhaus, market analyst known for macro and sector commentary, joins to debate market breadth and the impact of AI-driven rallies. He discusses concentrated equity leadership, semiconductor surges, and risks around rotation into mid/small caps. Short takes cover earnings, energy concerns, and traders’ risk management in chip positions.
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AI Rally Has Broadened Beyond Just Nvidia
- The AI rally is driving record highs with megacap tech and broadening into chip and chip-equipment names.
- Micron, Intel, AMD and Qualcomm have surged since late March, with Intel nearly tripling and Micron on pace for its best week since 2008.
Beneath Mega Caps Earnings Are Actually Improving
- Market leadership is concentrated but earnings outside tech are improving, suggesting broader health despite megacap dominance.
- Dan Greenhaus notes S&P ex-tech and ex-communication services earnings growth moved from mid-single digits toward mid-teens.
Lock Gains With Covered Calls On Hot Chip Names
- Use covered calls and position sizing to lock in gains on fast-running chip stocks.
- Kevin Simpson described writing calls on Intel and Micron to monetize gains while keeping partial exposure and dry powder.